United Airlines

now expects first quarter 2023 total operating revenue to be up approximately 51% versus first quarter 2022, higher than the Company’s initial approximately 50% expectation provided in January 2023. the Company now expects an adjusted diluted loss per share of between $0.60 and $1.00 in the first quarter 2023. While all months of 2023 are expected to produce unit revenue significantly above the corresponding months in 2019. the Company now expects a first quarter 2023 average fuel price per gallon of between $3.31 and $3.41. The Company continues to expect a full year 2023 adjusted pre-tax margin of approximately 9% and full year adjusted diluted earnings per share1 of $10 to $12.

Effective March 3, 2023, United will resume daily direct service between Hong Kong and San Francisco. The first flight from San Francisco to Hong Kong will depart on 3 March 2023 and the flight from Hong Kong to San Francisco will depart on 6 March 2023.