United Airlines Holdings Inc., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Flight equipment	52,696)	48,448)	42,775)	39,584)	38,218)
Other property and equipment	11,908)	10,527)	9,334)	8,764)	8,511)
Purchase deposits for flight equipment	3,427)	3,550)	2,820)	2,215)	1,166)
Operating property and equipment, gross	68,031)	62,525)	54,929)	50,563)	47,895)
Accumulated depreciation and amortization	(25,123)	(22,710)	(20,481)	(18,489)	(16,429)
Operating property and equipment, net	42,908)	39,815)	34,448)	32,074)	31,466)

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Item	Description	The company
Operating property and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	United Airlines Holdings Inc. operating property and equipment, gross increased from 2022 to 2023 and from 2023 to 2024.
Operating property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	United Airlines Holdings Inc. operating property and equipment, net increased from 2022 to 2023 and from 2023 to 2024.

United Airlines Holdings Inc., asset age ratios

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
	Average age ratio	36.93%	36.32%	37.29%	36.57%	34.30%

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	United Airlines Holdings Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	25,123)	22,710)	20,481)	18,489)	16,429)
Operating property and equipment, gross	68,031)	62,525)	54,929)	50,563)	47,895)
Asset Age Ratio
Average age¹	36.93%	36.32%	37.29%	36.57%	34.30%

2024 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ Operating property and equipment, gross
= 100 × 25,123 ÷ 68,031 = 36.93%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	United Airlines Holdings Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

United Airlines Holdings Inc. (NASDAQ:UAL)

Analysis of Property, Plant and Equipment