UAL

AI Research

Fuel costs spike 50% → Jefferies cuts target from $148 to $125 after Iran oil infrastructure attacks

United Airlines reported full-year 2025 diluted EPS of $10.20 (+8% YoY) and operating revenue of $59.1B, the highest in company history, beating expectations. However, US-Israeli attacks on Iranian oil infrastructure in early March spiked jet fuel prices ~50% from January averages, prompting Jefferies to raise Q1 fuel cost estimates by 14% and Q2 by 30%. UBS maintained a Buy rating on March 16 but lowered its price target from $147 to $134.

Related News