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United Airlines reports Q3 capacity up 7.2% y/y

Reports Q3: Total operating revenue of $15.2 billion, up 2.6% compared to third-quarter 2024. TRASM down (4.3%) compared to third-quarter 2024. CASM down (2.8%), and CASM-ex1 down (0.9%), compared to third-quarter 2024; 1 point of expense moved from third-quarter 2025 to fourth-quarter 2025 primarily driven by maintenance and a reduction of 1 point of labor expense due to the timing of certain union contracts.

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