Record Revenue Achievement
United's top line revenues increased by 2.6% to $15.2 billion in the quarter, despite a 4.3% decline in TRASM.
Operational Resilience
United achieved the lowest rate of cancellations for any third quarter in company history, with 6 of 7 hubs ranking first or second for on-time departures.
Increase in Premium Revenues
Premium revenues were up 6% year-over-year, and PRASM for premium cabins outperformed the main cabin by 5 points.
Strong Loyalty Program Performance
Mileage Plus total loyalty revenues rose over 9%, with overhead remuneration up 15% year-over-year.
Investment in Customer Experience
United is investing over $1 billion annually in customer product enhancements, including the rollout of StarLink WiFi and improvements in aircraft, clubs, and food.
Strong Q4 Outlook
United expects Q4 to be the company's best revenue quarter ever, with the highest absolute RASM of any quarter in 2025.
Financial Performance
United delivered third-quarter earnings per share of $2.78, above guidance and Wall Street expectations, with a pretax margin of 8%.