United Airlines (UAL) reported $13.21 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 5.4%. EPS of $0.91 for the same period compares to -$0.15 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $13.22 billion, representing a surprise of -0.08%. The company delivered an EPS surprise of +21.33%, with the consensus EPS estimate being $0.75.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how United performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Passenger load factor - Consolidated: 79.2% versus the five-analyst average estimate of 82.2%.
• Total revenue per available seat mile (TRASM): 17.58 cents compared to the 17.94 cents average estimate based on four analysts.
• CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing): 13.17 cents compared to the 13.47 cents average estimate based on four analysts.
• Average aircraft fuel price per gallon: $2.53 compared to the $2.57 average estimate based on four analysts.
• ASMs (Available seat miles): 75.16 billion versus 74.36 billion estimated by four analysts on average.
• PRASM (Passenger revenue per available seat mile): 15.78 cents versus 16.22 cents estimated by four analysts on average.
• RPMs (Revenue passenger miles): 59.52 billion compared to the 61.54 billion average estimate based on four analysts.
• Fuel gallons consumed: 1,067 MGal versus 1,063.42 MGal estimated by three analysts on average.
• Average yield per RPM: 19.93 cents compared to the 19.54 cents average estimate based on three analysts.
• Operating revenue- Passenger revenue: $11.86 billion compared to the $12.09 billion average estimate based on five analysts. The reported number represents a change of +4.8% year over year.
• Operating revenue- Other operating revenue: $923 million compared to the $859.08 million average estimate based on five analysts. The reported number represents a change of +10.5% year over year.
• Operating revenue- Cargo: $429 million versus the five-analyst average estimate of $434.09 million. The reported number represents a year-over-year change of +9.7%.

View all Key Company Metrics for United here>>>

Shares of United have returned -11.1% over the past month versus the Zacks S&P 500 composite's -3.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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