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United Airlines Holdings

UALNASDAQStock Fundamentals

United Airlines Holdings, Inc. is a major global airline operator that transports passengers and cargo across six continents through its primary subsidiary, United Airlines, Inc. The company operates a comprehensive hub-and-spoke network centered in large North American population centers, providing extensive domestic and international connectivity. Its core value proposition focuses on a diverse product range from basic economy to premium global services, supported by a leading loyalty program and strategic international alliances.

Market Cap$31.2B
Revenue TTM$60.5B
Net Income TTM$3.7B
P/E Ratio8.50
Net Margin6.06%
EPS TTM$11.18
Free Cash Flow TTM$6.3B
Employees106.0K
CEOJ. Scott Kirby
CountryUnited States of America
Industrials
Airlines, Airports & Air Services
SegmentsAirlines, Air Freight, Logistics
Business ModelsHub-and-spoke transportation, Loyalty program monetization, Capacity purchase agreements, Advertising network
Most Recent EarningsApr 21, 2026 · 26 days agoQ1 2026
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Next EarningsJul 15, 2026 · in 2 monthsAfter Market Close · Q2 2026

Financials

Based on Q1 2026 filing

Op. Margin8.44%
ROE25.73%
D/E195.08%
Current Ratio0.698
Total Debt$31.0B
Cash$8.0B
CapEx TTM$6.3B

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Passenger Transportation

primary

The primary business of the company, providing scheduled air travel services across a vast domestic and international network. This includes mainline operations and regional services branded as United Express.

Products

Basic Economy, United Polaris, United Express, United Club

Customers

Leisure travelers, Business travelers, Corporate accounts

Loyalty and Ancillary Services

major

Manages the MileagePlus loyalty program and generates revenue through third-party business services including maintenance, ground handling, and media advertising.

Products

MileagePlus, Kinective Media, United Airlines Ventures, United Aviate Academy

Customers

Frequent flyers, Credit card issuers, Retail merchants, Other airlines

Air Cargo

moderate

Provides freight and mail transportation services globally using cargo capacity on regularly scheduled passenger flights and dedicated charter arrangements.

Products

Freight transportation, Mail services

Customers

Commercial businesses, Freight forwarders, Logistics firms, National postal services

Segment Financials

Passenger revenue — Revenue from Contract with Customer, Excluding Assessed Tax

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Passenger, Advance Ticket Sales — Revenue recognized

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Ancillary Services — Revenue from Contract with Customer, Excluding Assessed Tax

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Cargo revenue — Revenue from Contract with Customer, Excluding Assessed Tax

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Business Overview

Competitive Position

United maintains the most comprehensive route network among North American carriers and is a founding member of the world's largest airline alliance.

Geographies

North America, Asia, Europe, Africa, Pacific, Middle East, Latin America

Customer Segments

Consumer, Enterprise, Government

Upstream Dependencies

Aircraft manufacturers (Boeing, Airbus), Fuel suppliers, Airport authorities, Regional carrier partners, Global distribution systems (GDS)

Downstream Customers

Individual travelers, Corporate travel departments, Freight and logistics companies, E-commerce and postal entities

Competitors & Partners

Subsidiaries

U

United Airlines, Inc.

Principal operating subsidiary

U

United Ground Express, Inc.

Ground handling and airport services subsidiary

U

United Airlines Ventures, Ltd.

Corporate venture capital arm focused on sustainable technology

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United Airlines Holdings FAQ

Common questions about United Airlines Holdings

United Airlines Holdings, Inc. is a major global airline operator that transports passengers and cargo across six continents through its primary subsidiary, United Airlines, Inc. The company operates a comprehensive hub-and-spoke network centered in large North American population centers, providing extensive domestic and international connectivity. Its core value proposition focuses on a diverse product range from basic economy to premium global services, supported by a leading loyalty program and strategic international alliances.

United Airlines Holdings (UAL) has a market capitalization of $31.2B and trades on NASDAQ.

United Airlines Holdings generated $60.5B in trailing twelve-month revenue with net income of $3.7B, representing a net margin of 6.1%, with free cash flow of $6.3B. These figures are based on the Q1 2026 filing.

United Airlines Holdings's key competitors include Delta Air Lines, Inc., Southwest Airlines Co., American Airlines Group Inc., and others. These companies compete in similar markets and product categories.

United Airlines Holdings has approximately 106,000 employees.