UAL JPM Industrials 2026

All right. Folks moving right along. Apparently, fresh from the Magic Kingdom, I'd like to introduce Scott Kirby, also joined by Andrew Nocella, Mike Leskinen on stage, and Kristina [indiscernible] Kristina do you have to read some safe harbor stuff or -- before I turn it over?

Yes.

I'll turn it over to you Scott, welcome back.

Thank you, Jamie.

Awesome. All right. Well, good afternoon, everyone. Thanks for joining us.

Our presentation today might contain forward-looking statements with information currently available to the company. Unless otherwise noted, the financial [indiscernible] non-GAAP basis. Please refer to our latest earnings release for definitions and reconciliations to the most directly comparable GAAP figures. On to you, Scott.

Thank you, Kristina. Thank you all for joining us today. My last -- are we the last airline? Saved the best for last.

That's important. So good to see. Okay. U.S. airlines.

We -- all right. We're -- second best for last. So here's the second to last. Well, thanks for having us here.

It's good to be here. It's always a fun conference though, Jamie. Hey, Bob, you come here how things go in the airline industry, come on in. Jamie, you've got to stop doing these conferences on this day because 6 years ago, we did it on the phone, and we always have something going on.

It seems like. But we -- you've heard a lot already today about the short term [indiscernible] so I'll hit a few of those highlights.

But we feel really good about how things are going at United, both in the short term and how it sets up for the long term. We've talked about in the past having a goal of adding 1 point of margin per year, and we believe that we could get ourselves into the low double-digit margins on that path. We remain on that path. Prior to the fuel price spike, you've heard some of the revenue stuff like we were likely going to get -- not just the full point this year, but make up the point from last year and be in the low double digits.

Even this year had this not happened. But we also [indiscernible] solidly on the path. And I think this has the potential if it lasts longer to actually accelerate some of the industry restructuring that moves you into the mid-double-digit