Products & Services · Miles earned

Frequent Flyer Program — Miles earned

United Airlines Holdings Frequent Flyer Program — Miles earned increased by 2.9% to $1.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $919.00M to $1.03B. Over 4 years (FY 2021 to FY 2025), Frequent Flyer Program — Miles earned shows an upward trend with a 25.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ2 2018
Last reportedQ1 2026

How to read this metric

Higher issuance indicates strong customer engagement and successful partnership monetization, though it also increases future liability.

Detailed definition

This metric tracks the total volume of loyalty program miles issued to customers through flight activity, credit card pa...

Peer comparison

Commonly reported by major airlines; peers with larger credit card co-brand portfolios typically show higher issuance volumes.

Metric ID: ual_segment_frequent_flyer_program_miles_earned

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$360.00M$439.00M$474.00M$477.00M$666.00M$705.00M$710.00M$747.00M$902.00M$816.00M$832.00M$840.00M$919.00M$884.00M$920.00M$919.00M$991.00M$968.00M$1.01B$1.03B
QoQ Change+21.9%+8.0%+0.6%+39.6%+5.9%+0.7%+5.2%+20.7%-9.5%+2.0%+1.0%+9.4%-3.8%+4.1%-0.1%+7.8%-2.3%+3.8%+2.9%
YoY Change+85.0%+60.6%+49.8%+56.6%+35.4%+15.7%+17.2%+12.4%+1.9%+8.3%+10.6%+9.4%+7.8%+9.5%+9.2%+12.5%
Range$360.00M$1.03B
CAGR+24.9%
Avg YoY Growth+25.1%
Median YoY Growth+12.5%
Current Streak2 quarters growth

Frequently Asked Questions

What is United Airlines Holdings's frequent flyer program — miles earned?
United Airlines Holdings (UAL) reported frequent flyer program — miles earned of $1.03B in Q1 2026.
How has United Airlines Holdings's frequent flyer program — miles earned changed year-over-year?
United Airlines Holdings's frequent flyer program — miles earned increased by 12.5% year-over-year, from $919.00M to $1.03B.
What is the long-term trend for United Airlines Holdings's frequent flyer program — miles earned?
Over 4 years (2021 to 2025), United Airlines Holdings's frequent flyer program — miles earned has grown at a 25.9% compound annual growth rate (CAGR), from $1.55B to $3.88B.
What does frequent flyer program — miles earned mean?
The total number of loyalty miles generated by customers during the period.