United Airlines demonstrated robust performance in Q3 2025, achieving strong earnings amidst macroeconomic challenges, and reaffirming its strategy to attract brand-loyal customers.

• Strong Q3 growth led to an expectation of year-over-year earnings growth despite industry downturns.
• Record summer volume with over 48 million customers flown, showcasing operational resilience during significant disruptions.
• Continued investment of over $1 billion annually in customer product enhancements to cultivate brand loyalty across all service classes.
• Introduction of technology-driven cost efficiencies, enabling lower CASM-ex and improved profitability margins.
• Anticipated annual margin increases of at least one percentage point, potentially reaching mid-teen margins as the industry structure evolves.