UAL
United Airlines Holdings Inc
NASDAQ: UAL · INDUSTRIALS · AIRLINES
$88.62
-1.98% today
Updated 2026-04-29
Market cap
$28.76B
P/E ratio
7.93
P/S ratio
0.48x
EPS (TTM)
$11.18
Dividend yield
—
52W range
$71 – $119
Volume
8.4M
United Airlines Holdings Inc (UAL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.34B | $20.14B | $20.19B | $16.34B | $23.23B | $37.11B | $37.15B | $38.28B | $38.90B | $37.86B | $36.56B | $37.78B | $41.30B | $43.26B | $15.36B | $24.63B | $44.95B | $53.72B | $57.06B | $59.07B |
| Revenue growth (YoY) | — | +4.2% | +0.3% | -19.1% | +42.2% | +59.8% | +0.1% | +3.0% | +1.6% | -2.7% | -3.5% | +3.4% | +9.3% | +4.7% | -64.5% | +60.4% | +82.5% | +19.5% | +6.2% | +3.5% |
| Cost of revenue | $679.00M | $6.55B | $12.44B | $5.33B | $17.50B | $28.66B | $29.76B | $29.93B | $29.57B | $25.95B | $24.86B | $27.00B | $30.23B | $30.79B | $20.39B | $23.91B | $34.31B | $38.52B | $37.64B | $21.19B |
| Gross profit | $18.66B | $13.59B | $7.75B | $11.00B | $5.73B | $8.45B | $7.39B | $8.35B | $9.33B | $11.91B | $11.70B | $10.78B | $11.07B | $12.47B | $-5.03B | $721.00M | $10.64B | $15.20B | $19.42B | $37.88B |
| Gross margin | 96.5% | 67.5% | 38.4% | 67.3% | 24.7% | 22.8% | 19.9% | 21.8% | 24.0% | 31.5% | 32.0% | 28.5% | 26.8% | 28.8% | -32.8% | 2.9% | 23.7% | 28.3% | 34.0% | 64.1% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $4.27B | $7.20B | $4.31B | $3.92B | $5.00B | $10.05B | $13.98B | $15.21B | $15.45B | $16.13B | $1.30B | $1.35B | $1.56B | $20.00B | $13.47B | $677.00M | $19.63B | $1.98B | $2.23B | $2.11B |
| Operating income | $447.00M | $1.04B | $-4.44B | $-161.00M | $976.00M | $1.82B | $39.00M | $1.25B | $2.37B | $5.17B | $4.34B | $3.62B | $3.23B | $4.30B | $-6.36B | $-1.02B | $2.34B | $4.21B | $5.10B | $4.71B |
| Operating margin | 2.3% | 5.1% | -22.0% | -1.0% | 4.2% | 4.9% | 0.1% | 3.3% | 6.1% | 13.6% | 11.9% | 9.6% | 7.8% | 9.9% | -41.4% | -4.1% | 5.2% | 7.8% | 8.9% | 8.0% |
| EBITDA | $-205.00M | $2.24B | $-3.98B | $749.00M | $2.11B | $3.31B | $1.60B | $2.91B | $3.49B | $6.66B | $6.34B | $5.78B | $5.42B | $6.85B | $-5.34B | $1.50B | $5.12B | $7.83B | $8.50B | $7.54B |
| EBITDA margin | -1.1% | 11.1% | -19.7% | 4.6% | 9.1% | 8.9% | 4.3% | 7.6% | 9.0% | 17.6% | 17.3% | 15.3% | 13.1% | 15.8% | -34.8% | 6.1% | 11.4% | 14.6% | 14.9% | 12.8% |
| EBIT | $-1.09B | $1.31B | $-4.91B | $-105.00M | $1.03B | $1.76B | $74.00M | $1.22B | $1.81B | $4.84B | $4.36B | $3.63B | $3.25B | $4.56B | $-7.83B | $-980.00M | $2.66B | $5.16B | $5.57B | $4.60B |
| Interest expense | $482.00M | $642.00M | $571.00M | $577.00M | $783.00M | $917.00M | $798.00M | $734.00M | $683.00M | $620.00M | $602.00M | $552.00M | $605.00M | $646.00M | $992.00M | $1.58B | $1.67B | $1.77B | $1.40B | $1.22B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $22.88B | $403.00M | $-5.35B | $-651.00M | $253.00M | $840.00M | $-723.00M | $571.00M | $1.13B | $7.34B | $2.26B | $2.14B | $2.12B | $3.01B | $-7.07B | $-1.96B | $737.00M | $2.62B | $3.15B | $3.35B |
| Net income growth (YoY) | — | -98.2% | -1427.0% | +87.8% | +138.9% | +232.0% | -186.1% | +179.0% | +98.2% | +548.4% | -69.2% | -5.3% | -1.0% | +41.8% | -334.9% | +72.2% | +137.5% | +255.2% | +20.3% | +6.5% |
| Profit margin | 118.3% | 2.0% | -26.5% | -4.0% | 1.1% | 2.3% | -1.9% | 1.5% | 2.9% | 19.4% | 6.2% | 5.7% | 5.1% | 7.0% | -46.0% | -8.0% | 1.6% | 4.9% | 5.5% | 5.7% |