United Airlines Holdings, Inc.

UAL 10-Q · Q1 2026

UAL Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue (Q) — — —
Show Product Lines breakouts
Ancillary Services 1.2 1 +20.0%
Cargo And Freight 422 429 -1.6%
Cargo And Freight · United Airlines, Inc. 422 429 -1.6%
Passenger 13,166 11,860 +11.0%
Passenger · United Airlines, Inc. 13,166 11,860 +11.0%
Product And Service Other 1,020 923 +10.5%
Product And Service Other · Chase and Other Partner Agreements 870 774 +12.4%
Product And Service Other · United Airlines, Inc. 1,020 923 +10.5%
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Revenue 14,608 13,213 +10.6%
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United Airlines, Inc. 14,608 13,213 +10.6%
Show Airline Destinations breakouts
Atlantic Destination 2,241 1,899 +18.0%
Domestic Destination 8,848 8,034 +10.1%
Latin America Destination 1,575 1,557 +1.2%
Pacific Destination 1,945 1,722 +13.0%
Total Costs & Expenses (Q) — — —
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Total Costs & Expenses 13,611 12,605 +8.0%
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United Airlines, Inc. 13,611 12,605 +8.0%
Operating Income (Q) — — —
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Operating Income 997 607 +64.3%
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United Airlines, Inc. 998 608 +64.1%
Non-Operating Income (Expense) (Q) — — —
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Non-Operating Income (Expense) -127 -129 +1.6%
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United Airlines, Inc. -127 -129 +1.6%
Interest Expense (Q) — — —
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Interest Expense -327 -356 +8.1%
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United Airlines, Inc. -327 -356 +8.1%
Interest Income (Q) — — —
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Interest Income 135 164 -17.7%
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United Airlines, Inc. 135 164 -17.7%
Other Non-Operating Income (Expense) (Q) — — —
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Other Non-Operating Income (Expense) 24 36 -33.3%
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United Airlines, Inc. 24 36 -33.3%
Income Before Taxes (Q) — — —
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Income Before Taxes 870 478 +82.0%
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United Airlines, Inc. 871 479 +81.8%
Income Tax Expense (Benefit) (Q) — — —
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Income Tax Expense (Benefit) 172 91 +89.0%
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United Airlines, Inc. 172 91 +89.0%
Net Income (Q) — — —
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Retained Earnings 699 387 +80.6%
Retained Earnings · United Airlines, Inc. 699 388 +80.2%
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Net Income 699 387 +80.6%
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United Airlines, Inc. 699 388 +80.2%
Comprehensive Income (Q) — — —
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Comprehensive Income 674 364 +85.2%
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United Airlines, Inc. 674 365 +84.7%
EPS (Basic) (Q) — — —
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EPS (Basic) 2.16 1.18 +83.1%
EPS (Diluted) (Q) — — —
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EPS (Diluted) 2.14 1.16 +84.5%
Wtd Avg Shares (Basic) (Q) — — —
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Wtd Avg Shares (Basic) 323.9 327.7 -1.2%
Wtd Avg Shares (Diluted) (Q) — — —
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Wtd Avg Shares (Diluted) 326.8 333 -1.9%
Net Income Loss Available To Common Stockholders Basic (Q) — — —
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Net Income Loss Available To Common Stockholders Basic 699 387 +80.6%
Restructuring Settlement And Impairment Provisions (Q) — — —
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Restructuring Settlement And Impairment Provisions -389 -108 -260.2%
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United Airlines, Inc. -389 -108 -260.2%
Labor And Related Expense (Q) — — —
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Labor And Related Expense 4,562 4,155 +9.8%
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United Airlines, Inc. 4,562 4,155 +9.8%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 7,869 9,370 -16.0%
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United Airlines, Inc. 7,869 9,370 -16.0%
Short-Term Investments (Q) — — —
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Short-Term Investments 6,298 5,960 +5.7%
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United Airlines, Inc. 6,298 5,960 +5.7%
Receivables Net Current (Q) — — —
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Receivables Net Current 2,660 2,288 +16.3%
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United Airlines, Inc. 2,660 2,288 +16.3%
Prepaid Expenses & Other Current Assets (Q) — — —
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Prepaid Expenses & Other Current Assets 847 928 -8.7%
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United Airlines, Inc. 847 928 -8.7%
Total Current Assets (Q) — — —
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Total Current Assets 19,392 20,148 -3.8%
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United Airlines, Inc. 19,392 20,148 -3.8%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 47,071 43,430 +8.4%
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United Airlines, Inc. 47,071 43,430 +8.4%
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 5,740 4,092 +40.3%
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United Airlines, Inc. 5,740 4,092 +40.3%
Goodwill (Q) — — —
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Goodwill 4,527 4,527 0.0%
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United Airlines, Inc. 4,527 4,527 0.0%
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Noncurrent (Q) — — —
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Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Noncurrent 1,561 1,239 +26.0%
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United Airlines, Inc. 1,561 1,239 +26.0%
Assets Noncurrent (Q) — — —
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Assets Noncurrent 61,549 55,963 +10.0%
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United Airlines, Inc. 61,549 55,963 +10.0%
Total Assets (Q) — — —
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Total Assets 80,941 76,111 +6.3%
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United Airlines, Inc. 80,941 76,111 +6.3%
Other Assets
Airline Related Inventory Net (Q) — — —
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Airline Related Inventory Net 1,718 1,601 +7.3%
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United Airlines, Inc. 1,718 1,601 +7.3%
Intangible Assets Net Excluding Goodwill (Q) — — —
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Intangible Assets Net Excluding Goodwill 2,650 2,676 -1.0%
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United Airlines, Inc. 2,650 2,676 -1.0%
Current Liabilities
Accounts Payable (Q) — — —
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Accounts Payable 5,377 4,694 +14.6%
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United Airlines, Inc. 5,377 4,694 +14.6%
Employee Related Liabilities Current (Q) — — —
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Employee Related Liabilities Current 3,071 2,394 +28.3%
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United Airlines, Inc. 3,071 2,394 +28.3%
Long Term Debt And Capital Lease Obligations Current (Q) — — —
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Long Term Debt And Capital Lease Obligations Current 2,253 3,265 -31.0%
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United Airlines, Inc. 2,253 3,265 -31.0%
Operating Lease Liability Current (Q) — — —
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Operating Lease Liability Current 748 506 +47.8%
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United Airlines, Inc. 748 506 +47.8%
Other Liabilities Current (Q) — — —
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Other Liabilities Current 830 990 -16.2%
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United Airlines, Inc. 828 983 -15.8%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 27,781 25,798 +7.7%
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United Airlines, Inc. 27,778 25,791 +7.7%
Non-Current Liabilities
Operating Lease Liabilities (Q) — — —
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Operating Lease Liabilities 6,030 4,756 +26.8%
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United Airlines, Inc. 6,030 4,756 +26.8%
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent (Q) — — —
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Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent 1,077 1,252 -14.0%
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United Airlines, Inc. 1,077 1,252 -14.0%
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 2,617 1,624 +61.1%
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United Airlines, Inc. 2,647 1,654 +60.0%
Other Non-Current Liabilities (Q) — — —
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Other Non-Current Liabilities 1,518 1,549 -2.0%
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United Airlines, Inc. 1,518 1,549 -2.0%
Liabilities Noncurrent (Q) — — —
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Liabilities Noncurrent 37,284 37,697 -1.1%
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United Airlines, Inc. 37,315 37,727 -1.1%
Long-Term Debt (Q) — — —
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Floating Rate Debt 8.5 — —
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UAL And United 20,758 — —
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Carrying Reported Amount Fair Value Disclosure 20,627 — —
Other Liabilities
Contract With Customer Liability Current Advance Ticket Sales (Q) — — —
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Contract With Customer Liability Current Advance Ticket Sales 11,670 10,477 +11.4%
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United Airlines, Inc. 11,670 10,477 +11.4%
Contract With Customer Liability Current Frequent Flyer (Q) — — —
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Contract With Customer Liability Current Frequent Flyer 3,832 3,473 +10.3%
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United Airlines, Inc. 3,832 3,473 +10.3%
Long Term Debt And Capital Lease Obligations (Q) — — —
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Long Term Debt And Capital Lease Obligations 21,940 24,398 -10.1%
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United Airlines, Inc. 21,940 24,398 -10.1%
Contract With Customer Liability Noncurrent Frequent Flyer (Q) — — —
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Contract With Customer Liability Noncurrent Frequent Flyer 4,103 4,118 -0.4%
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United Airlines, Inc. 4,103 4,118 -0.4%
Stockholders' Equity
Common Stock (Q) — — —
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Common Stock 4 4 0.0%
Additional Paid In Capital Common Stock (Q) — — —
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Additional Paid In Capital Common Stock 8,843 8,813 +0.3%
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United Airlines, Inc. 794 645 +23.1%
Retained Earnings (Q) — — —
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Retained Earnings 10,730 7,137 +50.3%
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United Airlines, Inc. 13,541 9,875 +37.1%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income 23 164 -86.0%
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United Airlines, Inc. 23 164 -86.0%
Payable To Shareholders Or Affiliates For Issuance Of Capital Stock (Q) — — —
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United Airlines, Inc. 1,489 1,909 -22.0%
Total Stockholders' Equity (Q) — — —
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Accumulated Other Comprehensive Income 23 164 -86.0%
Accumulated Other Comprehensive Income · United Airlines, Inc. 23 164 -86.0%
Additional Paid In Capital 8,843 8,813 +0.3%
Additional Paid In Capital · United Airlines, Inc. 794 645 +23.1%
Common Stock 4 4 0.0%
Receivables From Stockholder · United Airlines, Inc. 1,489 1,909 -22.0%
Retained Earnings 10,730 7,137 +50.3%
Retained Earnings · United Airlines, Inc. 13,541 9,875 +37.1%
Treasury Stock Common -3,724 -3,502 -6.3%
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Total Stockholders' Equity 15,876 12,616 +25.8%
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United Airlines, Inc. 15,848 12,593 +25.8%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 80,941 76,111 +6.3%
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United Airlines, Inc. 80,941 76,111 +6.3%
Treasury Stock Common Value (Q) — — —
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Treasury Stock Common Value -3,724 -3,502 -6.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization (Q) — — —
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Depreciation & Amortization 756 727 +4.0%
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United Airlines, Inc. 756 727 +4.0%
Net Cash from Operations (Q) — — —
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Net Cash from Operations 4,799 3,710 +29.4%
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United Airlines, Inc. 4,684 3,267 +43.4%
Investing Activities
Other Investing Activities (Q) — — —
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Other Investing Activities -144 -35 -311.4%
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United Airlines, Inc. -144 -35 -311.4%
Net Cash from Investing (Q) — — —
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Net Cash from Investing -1,894 -1,462 -29.5%
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United Airlines, Inc. -1,894 -1,462 -29.5%
Financing Activities
Share Repurchases (Q) — — —
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Share Repurchases -27 -349 +92.3%
Net Cash from Financing (Q) — — —
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Net Cash from Financing -976 -1,457 +33.0%
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United Airlines, Inc. -860 -1,014 +15.2%
Other Cash Flow
Net Change in Cash (Q) — — —
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Net Change in Cash 1,929 791 +143.9%
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United Airlines, Inc. 1,929 791 +143.9%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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