Fuel Costs Could Make or Break United's Q2 Beat
UBS expects United Airlines' Q2 EPS near $1.91 (above the $1.85–$1.90 range and consensus), aided by about 3% capacity growth and stronger unit revenue, but higher jet-fuel costs remain the key wildcard; the main signals will be United's Q4 fuel assumptions, capacity outlook, and implied revenue growth as management seeks to model the fuel spike into year-end guidance.