Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

This company has been moved to the archive! The financial data has not been updated since April 17, 2024.

Common-Size Income Statement 
Quarterly Data

United Airlines Holdings Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Passenger 90.22 91.16 92.16 91.71 89.89 90.34 90.49 89.41 83.90 83.96 85.64 79.80 71.90 70.63 66.25 46.17 88.54 91.23 92.10 91.97 90.99
Cargo 3.12 2.95 2.30 2.55 3.48 3.81 3.87 4.74 8.29 8.87 6.70 11.08 15.43 16.41 16.95 27.25 3.31 2.90 2.48 2.59 2.98
Other 6.66 5.89 5.54 5.74 6.62 5.85 5.64 5.85 7.81 7.17 7.66 9.12 12.67 12.95 16.79 26.58 8.15 5.87 5.42 5.45 6.03
Operating revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Salaries and related costs -31.36 -28.19 -27.02 -26.17 -29.07 -24.19 -22.08 -23.41 -36.84 -31.48 -32.09 -41.60 -69.05 -63.54 -89.55 -147.12 -37.03 -28.27 -26.92 -26.81 -29.96
Aircraft fuel -23.56 -24.33 -23.07 -19.89 -27.77 -26.75 -29.16 -31.46 -29.47 -23.95 -22.06 -22.52 -26.42 -19.90 -20.41 -16.27 -21.63 -20.66 -20.18 -20.92 -21.10
Landing fees and other rent -6.41 -5.82 -5.53 -5.40 -6.27 -5.30 -4.96 -5.52 -8.09 -8.31 -8.41 -10.31 -16.11 -16.85 -20.09 -29.08 -7.81 -5.97 -5.67 -5.79 -6.13
Aircraft maintenance materials and outside repairs -6.16 -4.87 -4.72 -4.84 -6.14 -4.84 -4.81 -4.35 -5.38 -4.87 -4.46 -5.52 -8.35 -5.83 -4.62 -7.46 -5.44 -4.36 -4.31 -3.69 -4.25
Depreciation and amortization -5.65 -5.02 -4.58 -4.72 -5.73 -5.03 -4.74 -5.04 -8.08 -7.56 -8.04 -11.33 -19.34 -18.43 -25.15 -41.90 -7.71 -5.57 -5.05 -4.91 -5.70
Regional capacity purchase -4.67 -4.36 -4.09 -4.22 -5.38 -4.60 -4.63 -4.68 -7.47 -7.34 -6.71 -10.00 -14.87 -14.33 -17.08 -26.31 -9.24 -6.66 -6.34 -6.27 -7.17
Distribution expenses -3.83 -4.19 -3.56 -3.43 -3.53 -3.50 -3.74 -3.24 -2.99 -2.87 -2.81 -2.54 -2.64 -2.34 -2.13 -2.10 -3.70 -3.83 -3.80 -3.88 -3.75
Aircraft rent -0.34 -0.34 -0.32 -0.35 -0.49 -0.48 -0.50 -0.55 -0.81 -0.77 -0.75 -0.95 -1.71 -1.49 -2.01 -3.19 -0.63 -0.62 -0.59 -0.64 -0.84
Special (charges) credits -0.10 -0.34 -0.20 -6.06 -0.12 -0.13 -0.16 -0.92 0.11 -0.68 14.17 17.33 42.75 4.37 43.43 98.24 -0.79 -1.19 -0.24 -0.62 -0.19
Other -17.13 -15.21 -14.90 -14.23 -15.87 -14.07 -13.90 -13.56 -19.18 -17.15 -15.45 -17.49 -27.13 -24.21 -27.28 -35.80 -18.21 -14.97 -13.98 -13.56 -15.73
Operating expense -99.21% -92.68% -87.99% -89.30% -100.38% -88.90% -88.68% -92.75% -118.19% -104.98% -86.62% -104.94% -142.87% -162.57% -164.89% -210.98% -112.18% -92.09% -87.06% -87.09% -94.84%
Operating income (loss) 0.79% 7.32% 12.01% 10.70% -0.38% 11.10% 11.32% 7.25% -18.19% -4.98% 13.38% -4.94% -42.87% -62.57% -64.89% -110.98% -12.18% 7.91% 12.94% 12.91% 5.16%
Interest expense, net of interest capitalized -3.13 -3.16 -3.07 -3.18 -3.92 -3.60 -3.32 -3.29 -5.29 -4.96 -5.56 -7.38 -10.43 -9.79 -13.22 -12.14 -1.88 -1.30 -1.49 -1.49 -1.73
Interest income 1.41 1.52 1.62 1.52 1.49 1.26 0.81 0.27 0.07 0.07 0.14 0.22 0.22 0.15 0.32 0.75 0.33 0.28 0.32 0.33 0.30
Unrealized gains (losses) on investments, net -0.30 -0.20 -0.37 0.59 0.21 0.26 0.22 -0.33 0.00 -1.53 -0.44 2.69 -0.68 2.96 0.60 0.61 -4.00 0.74 0.18 0.30 0.18
Miscellaneous, net -0.08 0.17 0.08 0.15 0.36 0.10 -0.07 -0.12 0.25 1.07 0.26 -0.90 -0.59 -0.29 -16.51 -14.03 -8.76 0.12 -0.11 -0.18 -0.08
Nonoperating expense, net -2.10% -1.67% -1.75% -0.92% -1.86% -1.99% -2.37% -3.46% -4.97% -5.33% -5.60% -5.37% -11.49% -6.98% -28.81% -24.81% -14.31% -0.16% -1.09% -1.03% -1.33%
Income (loss) before income tax (expense) benefit -1.31% 5.66% 10.25% 9.78% -2.24% 9.11% 8.95% 3.79% -23.16% -10.31% 7.78% -10.31% -54.36% -69.55% -93.69% -135.80% -26.49% 7.75% 11.85% 11.88% 3.83%
Income tax (expense) benefit 0.32 -1.25 -2.40 -2.20 0.54 -2.31 -1.64 -1.07 4.96 2.43 -1.68 2.38 12.23 13.95 19.73 25.49 5.14 -1.86 -2.86 -2.65 -0.78
Net income (loss) -0.99% 4.40% 7.85% 7.58% -1.70% 6.80% 7.32% 2.72% -18.20% -7.89% 6.10% -7.93% -42.13% -55.60% -73.97% -110.31% -21.36% 5.89% 9.00% 9.23% 3.05%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Income (loss) before income tax (expense) benefit 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 tax (expense) benefit as a percentage of operating revenue decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 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 decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.