Stock Analysis on Net
Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

Common-Size Income Statement

United Airlines Holdings Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Passenger revenue 90.83 91.30 89.05 81.99 76.88
Cargo 3.05 2.78 4.83 9.54 10.73
Other operating revenue 6.12 5.91 6.12 8.48 12.39
Operating revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Salaries and related costs -29.23 -27.53 -25.51 -38.83 -62.01
Aircraft fuel -20.60 -23.55 -29.17 -23.36 -20.53
Landing fees and other rent -6.02 -5.73 -5.73 -9.81 -13.85
Aircraft maintenance materials and outside repairs -5.37 -5.09 -4.79 -5.34 -5.59
Depreciation and amortization -5.13 -4.97 -5.46 -10.09 -16.20
Regional capacity purchase -4.41 -4.47 -5.11 -8.72 -13.28
Distribution expenses -3.91 -3.68 -3.41 -2.75 -2.99
Aircraft rent -0.34 -0.37 -0.56 -0.93 -1.29
Gains (losses) on sale of assets and other special charges -0.20 -0.25 -0.31 -0.48 -0.18
Labor contract ratification bonuses 0.00 -1.52 0.00 0.00 0.00
CARES Act grant 0.00 0.00 0.00 16.32 23.03
Severance and benefit costs 0.00 0.00 0.00 -1.78 -3.74
Impairment of assets 0.00 0.00 0.00 -0.39 -2.07
Special (charges) credits -0.20% -1.77% -0.31% 13.67% 17.04%
Other operating expenses -15.86 -15.01 -14.74 -18.00 -22.70
Operating expense -91.07% -92.16% -94.80% -104.15% -141.41%
Operating income (loss) 8.93% 7.84% 5.20% -4.15% -41.41%
Interest expense, net of interest capitalized -2.46 -3.30 -3.72 -6.40 -6.46
Interest income 1.27 1.54 0.66 0.15 0.33
Unrealized gains (losses) on investments, net -0.35 0.05 0.04 -0.14 -1.26
Miscellaneous, net -0.09 0.18 0.02 0.16 -8.64
Nonoperating expense, net -1.63% -1.53% -3.00% -6.23% -16.04%
Income (loss) before income taxes 7.30% 6.31% 2.20% -10.38% -57.45%
Income tax (expense) benefit -1.79 -1.43 -0.56 2.41 11.42
Net income (loss) 5.52% 4.87% 1.64% -7.97% -46.04%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. United Airlines Holdings Inc. operating income (loss) as a percentage of operating revenue increased from 2022 to 2023 and from 2023 to 2024.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. United Airlines Holdings Inc. income (loss) before income taxes as a percentage of operating revenue increased from 2022 to 2023 and from 2023 to 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. United Airlines Holdings Inc. net income (loss) as a percentage of operating revenue increased from 2022 to 2023 and from 2023 to 2024.