United Airlines HoldingsUALEarnings & Financial Report
United Airlines, Inc. is a major airline in the United States headquartered in Chicago, Illinois. It operates an extensive domestic and international route network across the United States and to destinations on six continents. Regional service is provided by independent carriers operating under the United Express brand, and the Star Alliance, of which United was one of the five founding airlines, extends its network throughout the world.
Revenue
$13.2B
Gross Profit
N/A
Operating Profit
$607.0M
Net Profit
$387.0M
Gross Margin
N/A
Operating Margin
4.6%
Net Margin
2.9%
YoY Growth
5.4%
EPS
$1.16
United Airlines Holdings Q1 FY2025 Financial Summary
United Airlines Holdings reported revenue of $13.2B (up 5.4% YoY) for Q1 FY2025, with a net profit of $387.0M (up 412.1% YoY) (2.9% margin).
Key Financial Metrics
| Total Revenue | $13.2B |
|---|---|
| Net Profit | $387.0M |
| Gross Margin | N/A |
| Operating Margin | 4.6% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
United Airlines Holdings Q1 FY2025 revenue of $13.2B breaks down across 3 segments, led by Passenger at $11.9B (89.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Passenger | $11.9B | 89.8% |
| Ancillary Services | $1.0B | 7.6% |
| Cargo And Freight | $429.0M | 3.2% |
United Airlines Holdings Revenue by Segment — Quarterly Trend
United Airlines Holdings revenue by segment across the last 4 reported quarters, showing how each business line (such as Passenger and Ancillary Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Passenger | — | $13.9B | $13.8B | $13.8B |
| Cargo And Freight | — | $489.0M | $431.0M | $430.0M |
United Airlines Holdings Annual Revenue by Year
United Airlines Holdings annual revenue history includes year-by-year totals (for example, 2025 revenue was $59.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $59.1B |
| 2024 | $57.1B |
| 2023 | $53.7B |
| 2022 | $45.0B |
United Airlines Holdings Quarterly Revenue & Net Profit History
United Airlines Holdings results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $14.6B | +10.6% | $699.0M | 4.8% |
| Q4 FY2025 | $15.4B | +4.8% | $1.0B | 6.8% |
| Q3 FY2025 | $15.2B | +2.6% | $949.0M | 6.2% |
| Q2 FY2025 | $15.2B | +1.7% | $973.0M | 6.4% |
| Q1 FY2025 | $13.2B | +5.4% | $387.0M | 2.9% |
| Q4 FY2024 | $14.7B | +7.8% | $985.0M | 6.7% |
| Q3 FY2024 | $14.8B | +2.5% | $965.0M | 6.5% |
| Q2 FY2024 | $15.0B | +5.7% | $1.3B | 8.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.99B | $14.84B | $14.70B | $13.21B | $15.24B | $15.22B | $15.40B | $14.61B |
| YoY Growth | 5.7% | 2.5% | 7.8% | 5.4% | 1.7% | 2.6% | 4.8% | 10.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $73.25B | $72.64B | $74.08B | $76.11B | $77.16B | $76.31B | $76.45B | $80.94B |
| Liabilities | $62.73B | $61.20B | $61.41B | $63.49B | $63.79B | $62.00B | $61.17B | $65.06B |
| Equity | $10.53B | $11.44B | $12.68B | $12.62B | $13.37B | $14.31B | $15.28B | $15.88B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.88B | $1.50B | $2.22B | $3.71B | $2.22B | $1.22B | $1.29B | $4.80B |