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flag United Airlines reports record Q1 2026 earnings despite rising fuel costs and capacity cuts.

flag United Airlines reported record Q1 2026 earnings with $14.6 billion in operating revenue and EPS of $1.19, up 31% year-over-year. flag Despite a $340 million increase in fuel costs, the airline achieved record premium demand and a 20% year-over-year increase in yields. flag To offset high fuel prices, United is cutting capacity by about 5% for the rest of the year. flag The company projects full-year EPS of $7–$11 and aims for double-digit pre-tax margins in 2027.

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