United Airlines reported better-than-expected Q4 and full-year 2025 earnings despite headwinds including the U.S. government shutdown. The company projects first-quarter 2026 adjusted EPS between $1.00 and $1.50, with full-year EPS forecasted from $12.00 to $14.00, alongside controlled capital spending below $8 billion. United also strengthened its balance sheet by reducing COVID-era debt and improving credit ratings, positioning itself well for resilient growth.