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United Airlines Holdings, Inc. 10-Q Filings

UAL NASDAQ

Every 10-Q that United Airlines Holdings, Inc. (UAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow UAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UAL filings page.

Rhea-AI Summary

United Airlines Holdings, Inc. reported strong top-line growth but mixed profitability for the quarter ended June 30, 2026. Operating revenue rose 16.0% to $17.7 billion, driven by a 12.1% increase in passenger yield and 5.4% more passengers, with gains across all regions and a 22.6% increase in cargo revenue. Net income declined 17.3% to $805 million as the average fuel price jumped to $4.19 per gallon, lifting aircraft fuel expense 84.1%, while labor and other operating costs also increased.

For the first six months of 2026, operating revenue increased 13.5% to $32.3 billion and net income rose 10.5% to $1.5 billion, reflecting higher fares, strong load factors and growth in ancillary and loyalty revenues. Liquidity includes $16.6 billion in cash, cash equivalents and short‑term investments plus a $3.0 billion undrawn revolver, against $33.7 billion of debt, lease and other financial obligations, $3.0 billion of which come due within 12 months. The company continues to refinance and prepay debt, add new aircraft and notes that geopolitical conflicts in the Middle East are pressuring fuel costs even as demand remains solid.

Rhea-AI Summary

United Airlines Holdings, Inc. posted sharply stronger first‑quarter 2026 results, driven by higher demand and pricing. Operating revenue rose to $14.6 billion, up 10.6% from 2025, as passenger revenue grew 11.0% on more capacity, higher yields and more travelers.

Net income increased to $699 million from $387 million, with diluted EPS rising to $2.14 from $1.16. Results benefited from $389 million of net gains in special charges, mainly aircraft sale‑leaseback gains. United ended the quarter with $14.2 billion in unrestricted cash, cash equivalents and short‑term investments and reported strong operating cash flow of $4.8 billion.

Rhea-AI Summary

United Airlines Holdings (UAL) reported steady Q3 2025 results. Operating revenue rose 2.6% to $15.225B, with operating income of $1.395B. Net income was $949M and diluted EPS was $2.90, roughly flat year over year. Capacity increased 7.2% while PRASM fell 5.0%, reflecting lower yields amid higher flying.

Costs were mixed: salaries rose 5.4% on headcount and pay, while fuel expense was flat as the average price fell to $2.43 per gallon. Nonoperating expense improved on lower interest expense and smaller investment losses. Cash and cash equivalents were $6.73B and short‑term investments $6.599B. Long‑term debt stood at $20.807B with $3.0B available under the revolver.

Year to date, operating cash flow was $7.145B, capex net of deposits $3.984B, and share repurchases totaled $612M for 7.8M shares. UAL redeemed $1.52B MileagePlus notes due 2027, fully repaying debt secured by loyalty assets. Purchase commitments were $54.3B. Load factor was 84.4% and headcount reached 111,900.