Discontinued — last reported Q4 '25

Operating

Increase in frequent flyer deferred revenue

United Airlines Holdings Increase in frequent flyer deferred revenue remained flat by 0.0% to $84.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.8%, from $74.50M to $84.00M. Over 3 years (FY 2022 to FY 2025), Increase in frequent flyer deferred revenue shows a downward trend with a -5.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025Feb 12, 2026

How to read this metric

An increase suggests strong customer engagement and future travel demand, while a decrease may signal higher redemption rates or reduced loyalty program activity.

Detailed definition

Represents the net change in liabilities related to loyalty program points or miles issued to customers that have not ye...

Peer comparison

Common across airlines and hospitality firms with significant loyalty programs; peers often report this as deferred revenue or contract liabilities.

Metric ID: operating_increase_decrease_in_contract_with_customer_li_b0fd97

Historical Data

4 years
 FY'22FY'23FY'24FY'25
Value$393.00M$468.00M$298.00M$336.00M
YoY Change+19.1%-36.3%+12.8%
Range$298.00M$468.00M
CAGR-5.1%
Avg YoY Growth-1.5%
Median YoY Growth+12.8%

Frequently Asked Questions

What is United Airlines Holdings's increase in frequent flyer deferred revenue?
United Airlines Holdings (UAL) reported increase in frequent flyer deferred revenue of $84.00M in Q4 2025.
How has United Airlines Holdings's increase in frequent flyer deferred revenue changed year-over-year?
United Airlines Holdings's increase in frequent flyer deferred revenue increased by 12.8% year-over-year, from $74.50M to $84.00M.
What is the long-term trend for United Airlines Holdings's increase in frequent flyer deferred revenue?
Over 3 years (2022 to 2025), United Airlines Holdings's increase in frequent flyer deferred revenue has grown at a -5.1% compound annual growth rate (CAGR), from $393.00M to $336.00M.
What does increase in frequent flyer deferred revenue mean?
The net change in the company's obligation to provide future services to loyalty program members.