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United Airlines sees impact of Newark Airport event on adjusted pre-tax margin

United Airlines sees impact of Newark Airport event on adjusted pre-tax margin

In May 2025, the company experienced an event at Newark Airport ('EWR') that drove extensive negative news coverage that drove customer bookaway. EWR currently accounts for over 20% of the company's capacity as measured by available seat miles. The financial impact for 2Q25 from the EWR event and expected financial impact for 3Q25 and 4Q25 are estimated below. To date, booking volumes in EWR have recovered to normalized levels in the month of July 2025. Estimated financial impact on adjusted pre-tax margin (points): Q2: ~1.2, Q3: ~0.9, Q4: ~0.0.
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