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United Airlines Echoes Industry Caution as Iran War Fuel Surge Squeezes ...

United said fuel expenses rose $340 million last quarter and it now expects second-quarter adjusted earnings of $1 to $2 a share.

  • United Airlines slashed its 2026 earnings outlook on Tuesday, forecasting second-quarter and full-year profits below Wall Street estimates as elevated jet fuel prices squeeze margins.
  • Jet fuel prices in the U.S. reached $3.51 a gallon on Monday, remaining far above the $2.39 recorded in February before Middle East tensions escalated.
  • United reported first-quarter adjusted earnings of $1.19 per share, beating analyst expectations of $1.07, while total revenue rose 10.6% year-on-year to $14.6 billion.
  • The carrier expects to recover 40% to 50% of fuel price increases through fares in the second quarter, with capacity flat to up about 2% in the second half.
  • United CEO Scott Kirby recently floated a potential merger with American Airlines, though President Donald Trump stated he opposes such consolidation, suggesting the government could instead assist Spirit.
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United Airlines set off on a high-altitude flight this year, but the Iran war is slowing down with high fuel prices.

·Düsseldorf, Germany
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United Airlines set off on a high-altitude flight this year, but the Iran war is slowing down with high fuel prices.

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Bloomberg broke the news in United States on Tuesday, April 21, 2026.
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