United Airlines Holdings UAL Frequent Flyer Program — Contract with Customer, Liability

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FAQ

What is United Airlines Holdings's frequent flyer program — contract with customer, liability?

United Airlines Holdings (UAL) reported frequent flyer program — contract with customer, liability of $7.93B in Q1 2026.

How has United Airlines Holdings's frequent flyer program — contract with customer, liability changed year-over-year?

United Airlines Holdings's frequent flyer program — contract with customer, liability increased by 4.5% year-over-year, from $7.59B to $7.93B.

What is the long-term trend for United Airlines Holdings's frequent flyer program — contract with customer, liability?

Over 4 years (2021 to 2025), United Airlines Holdings's frequent flyer program — contract with customer, liability has grown at a 5.5% compound annual growth rate (CAGR), from $24.79B to $30.74B.

What does frequent flyer program — contract with customer, liability mean?

This represents the total deferred revenue obligation arising from loyalty program miles earned by customers that have not yet been redeemed. It reflects the company's future performance obligation to provide travel or other benefits to loyalty program members.