United Airlines reported record fourth-quarter revenue of $15.4 billion, a 4.8% increase year-over-year. For the full fiscal year 2025, the company achieved total operating revenue of $59.1 billion, up 3.5% from the prior year, with diluted earnings per share growing to $10.20. Key operational metrics for the fourth quarter included a 6.5% increase in capacity (ASMs) and a 1.6% decline in total revenue per available seat mile (TRASM).
Key Highlights
- The company reported a full-year diluted EPS of $10.20, an 8% increase year-over-year, despite absorbing an estimated $250 million pre-tax earnings impact in the fourth quarter from the November government shutdown.
- Strength was noted in high-value segments, with full-year 2025 premium revenue growing 11% and loyalty revenue increasing 9% compared to the prior year.
- The airline demonstrated effective cost management as full-year cost per available seat mile, excluding fuel (CASM-ex), increased by only 0.4% year-over-year.