UAL · XBRL financial data

United Airlines Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (UAL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	15,355	24,634	44,955	53,717	57,063	59,070
Operating income (loss)	(6,359)	(1,022)	2,337	4,211	5,096	4,713
Interest income	50	36	298	827	726	611
Interest expense	—	—	1,778	1,956	1,629	1,373
Other income (expense)	(1,327)	40	8	96	(53)	144
Income tax expense (benefit)	(1,753)	(593)	253	769	1,019	953
Net income (loss)	(7,069)	(1,964)	737	2,618	3,149	3,353
Earnings per share, basic USD per share	(25.30)	(6.10)	2.26	7.98	9.58	10.32
Earnings per share, diluted USD per share	(25.30)	(6.10)	2.23	7.89	9.45	10.20
Weighted average shares, basic millions of shares	279	322	326	328	329	325
Weighted average shares, diluted millions of shares	279	322	330	332	333	329

Fiscal years (UAL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	11,269	18,283	7,166	6,058	8,769	5,942
Short-term investments	414	123	9,248	8,330	5,706	6,298
Prepaid and other current assets	635	745	689	609	673	671
Total current assets	14,800	21,834	20,058	18,487	18,883	16,857
Property and equipment, net	—	—	—	39,815	42,908	46,121
Right-of-use asset	4,537	4,645	3,889	3,914	3,815	4,958
Goodwill	4,527	4,527	4,527	4,527	4,527	4,527
Total assets	59,548	68,175	67,358	71,104	74,083	76,448
Accounts payable	1,595	2,562	3,395	3,835	4,193	4,567
Current portion of long-term debt	1,911	3,002	2,911	4,018	2,973	4,096
Total current liabilities	12,725	18,304	19,992	22,203	23,314	26,133
Long-term debt	24,836	30,361	28,283	25,057	21,680	17,170
Lease liability, non-current	4,986	5,152	4,459	4,503	4,510	5,417
Retained earnings	2,626	625	1,265	3,831	6,880	10,092
Total stockholders' equity	5,960	5,029	6,896	9,324	12,675	15,282
Total liabilities and equity	59,548	68,175	67,358	71,104	74,083	76,448
Common shares outstanding (cover page) millions of shares	318	325	327	328	327	323

Fiscal years (UAL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(7,069)	(1,964)	737	2,618	3,149	3,353
Depreciation and amortization	2,488	2,485	2,456	2,671	2,928	2,939
Net cash from operating activities	(4,133)	2,067	6,066	6,911	9,445	8,431
Net cash from investing activities	50	(1,672)	(13,829)	(6,106)	(2,651)	(6,350)
Proceeds from issuing common stock	2,100	—	—	—	—	—
Proceeds from issuing equity	2,103	532	0	0	—	—
Share repurchases	353	0	0	0	162	637
Proceeds from long-term debt	16,044	11,096	736	2,388	6,139	—
Repayments of long-term debt	4,383	5,205	4,011	4,248	10,138	4,771
Net cash from financing activities	12,957	6,396	(3,349)	(1,892)	(4,182)	(4,945)
Net change in cash	8,874	6,791	(11,112)	(1,087)	2,612	(2,865)

SIC 4512 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4512 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
United Airlines Holdings	6,648	17,875	465*	324.9M	Q3 FY26 10-QSep 30, 2026
Delta Air Lines	3,787	20,186	1,713*	657.9M	Q3 FY26 10-QSep 30, 2026
Southwest Airlines	3,624	8,422	513	489.6M	Q3 FY26 10-QSep 30, 2026
Fedex	7,961	22,855	not reported	234.2M	Q3 FY26 10-QSep 30, 2026
American Airlines Group	1,124	16,335	(153)*	662.6M	Q3 FY26 10-QSep 30, 2026
Alaska Air Group	1,064	4,065	185*	111.6M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.