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United Cuts 2026 Outlook
Description
United Airlines beat Q1 estimates with adjusted EPS of $1.19 and revenue of $14.61B, up over 10% year over year. However, the company cut its 2026 earnings outlook to $7–$11 per share from $12–$14 due to rising jet fuel costs tied to the Middle East war. United expects fuel to average $4.30/gallon in Q2 and forecast Q2 adjusted EPS of $1–$2, well below the $2.08 estimate.
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