United Airlines and other U.S. airlines report that higher jet fuel prices are costing them billions more than anticipated at the beginning of the year. United expects nearly $6 billion in additional fuel expenses this year compared to its estimates from the start of 2026, as a surge in oil prices weighs on its third-quarter and full-year profit outlooks.
However, the carrier reported higher revenue for both domestic and international trips. This growth was driven by increased revenue from premium, corporate, and no-frills basic economy tickets.
United expects resilient travel demand to drive up its full-year profit, despite the soaring fuel costs that sapped the outlook for the current quarter. As a result, the airline said adjusted earnings should hit $9 to $11 a share in 2026, lifting the low end of its previous target by $2 a share.