United Airlines (UAL) Q2 Earnings Preview: Forecast & Outlook

Font: Financial Modeling Prep  • Jul 15, 2026

United Airlines Holdings (NASDAQ: UAL) Earnings Preview: What to Expect from the Airline Giant's Q2 Financials

• United Airlines Holdings (NASDAQ: UAL) is set to release its Q2 earnings report on July 15, 2026, drawing significant attention after a rival's recent performance.
• Analysts project robust revenue growth of 16% to $17.68 billion, though EPS is expected to decline by 51.2% to $1.89, despite recent upward revisions.

Morgan Stanley has highlighted United Airlines as a top stock pick, anticipating strong quarterly earnings and a positive financial outlook.

United Airlines Holdings (NASDAQ: UAL) is a major global airline that provides air transportation services for passengers and cargo. The airline giant is scheduled to release its upcoming Q2 earnings report on July 15, 2026. This financial report is gaining significant interest, especially following a recent report from its rival, Delta Air Lines, which has reportedly shifted the landscape for the broader airline sector.

The consensus revenue estimate for the quarter is approximately $17.62 billion. More specific Wall Street estimates, as highlighted by Zacks, project revenues of $17.68 billion. This figure would represent a 16% increase from the prior year's quarter, indicating significant top-line growth for United Airlines.

For the quarter, analysts have forecasted an earnings per share (EPS) of $1.89. While this meets the consensus, it would represent a 51.2% decline year-over-year. However, the consensus EPS estimate has been revised upward by 24.6% over the last 30 days, signaling a more optimistic financial outlook from analysts leading up to the report.

Adding to this outlook, Morgan Stanley has identified United Airlines as one of its top stock picks, as highlighted by Invezz. The investment bank expects the airline to deliver strong quarterly earnings. This expert opinion adds to the anticipation for United Airlines' financial results.

United Airlines' valuation includes a price-to-earnings (P/E) ratio of 10.69, which shows its stock price relative to its earnings. The company's balance sheet shows a debt-to-equity ratio of 1.95. This ratio is a key measure of a company's financial leverage, calculated by dividing its total liabilities by its shareholder equity.