WallStSmart
UAL

United Airlines Holdings Inc

NASDAQ: UAL · INDUSTRIALS · AIRLINES

$90.00
+1.56% today

Updated 2026-04-30

Market cap
$28.76B
P/E ratio
7.93
P/S ratio
0.48x
EPS (TTM)
$11.18
Dividend yield
—
52W range
$71 – $119
Volume
8.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

United Airlines Holdings Inc (UAL) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$90.00
Consensus
$130.59
+45.10%
2030 Target
$3,623.85
+3926.50%
DCF
$133.22
+14.47% MoS
17 analysts:
6 Buy2 Hold0 Sell

Management guidance

CEO Scott Kirby stated United will add 250+ planes over the next two years as part of premium customer experience push, indicating aggressive capacity and revenue expansion. Management expects fares could rise 20% based on structural demand and pricing power. No specific revenue targets disclosed, but guidance implies double-digit revenue growth driven by capacity additions, premium positioning, and ancillary revenue optimization (tiered fares, baggage fees, relax row seating).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$6,039.75
$97.8B Rev × 20x P/S
Base case (2030)
$3,623.85
$97.8B Rev × 12x P/S
Bear case (2030)
$2,415.90
$97.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$53.7B$57.1B$59.1B$65.5B$72.8B$89.6B$97.8B
Revenue growth—6.2%3.5%10.9%11.2%10.3%9.1%
EPS$10.05$10.58$10.66$13.50$15.85$20.80$22.90
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$2,425.12$2,701.75$3,319.56$3,623.85

Catalysts & risks

Growth catalysts
+ 250+ aircraft additions over 2 years driving capacity growth and premium revenue
+ Tiered premium fare categories (Polaris, Premium Plus) expanding ancillary revenue streams
+ $10 baggage fee increase and new surcharge mechanisms offsetting fuel cost pressures
+ Strong travel demand resilience despite Middle East geopolitical tensions and fuel price spikes
+ Pricing power demonstrated through 20% potential fare increases per management
+ Premium cabin expansion and 'Relax Row' differentiation supporting higher RASM
Key risks
- Oil price volatility: crude surged 100%, jet fuel costs up significantly, compressing margins despite pricing power
- Geopolitical escalation: Iran conflict threatens further fuel price spikes and potential travel demand disruption
- Labor cost inflation: recent Flight Attendants agreement increases wage obligations going forward
- Fuel hedging exposure: unhedged portion of fuel costs leaves UAL vulnerable to further oil rallies
- Macro recession risk: travel demand could collapse if economy weakens despite current strength
- Competition: American, Delta, Southwest all pursuing similar premium/pricing strategies

Methodology

United Airlines Holdings Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.