Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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

US$ in millions

3 months ended:	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Passenger revenue	11,861)	13,275)	13,561)	13,680)	11,313)	12,421)	13,349)	13,002)	10,274)	11,202)	11,653)	10,829)	6,348)	6,878)	6,637)	4,366)	2,316)	2,410)	1,649)	681)	7,065)
Cargo revenue	429)	521)	417)	414)	391)	402)	333)	362)	398)	472)	498)	574)	627)	727)	519)	606)	497)	560)	422)	402)	264)
Other operating revenue	923)	899)	865)	892)	835)	803)	802)	814)	757)	726)	726)	709)	591)	587)	594)	499)	408)	442)	418)	392)	650)
Operating revenue	13,213)	14,695)	14,843)	14,986)	12,539)	13,626)	14,484)	14,178)	11,429)	12,400)	12,877)	12,112)	7,566)	8,192)	7,750)	5,471)	3,221)	3,412)	2,489)	1,475)	7,979)
Salaries and related costs	(4,155)	(4,325)	(4,323)	(4,098)	(3,932)	(3,841)	(3,914)	(3,710)	(3,322)	(3,000)	(2,843)	(2,836)	(2,787)	(2,579)	(2,487)	(2,276)	(2,224)	(2,168)	(2,229)	(2,170)	(2,955)
Aircraft fuel	(2,701)	(2,676)	(2,993)	(3,133)	(2,954)	(3,315)	(3,342)	(2,820)	(3,174)	(3,317)	(3,755)	(3,811)	(2,230)	(1,962)	(1,710)	(1,232)	(851)	(679)	(508)	(240)	(1,726)
Landing fees and other rent	(873)	(901)	(866)	(866)	(804)	(793)	(801)	(765)	(717)	(657)	(639)	(668)	(612)	(681)	(652)	(564)	(519)	(575)	(500)	(429)	(623)
Aircraft maintenance materials and outside repairs	(731)	(809)	(765)	(716)	(773)	(664)	(684)	(686)	(702)	(600)	(619)	(527)	(407)	(399)	(346)	(302)	(269)	(199)	(115)	(110)	(434)
Depreciation and amortization	(727)	(759)	(742)	(719)	(708)	(684)	(663)	(669)	(655)	(624)	(610)	(611)	(611)	(619)	(623)	(620)	(623)	(629)	(626)	(618)	(615)
Regional capacity purchase	(650)	(668)	(651)	(612)	(585)	(594)	(592)	(599)	(615)	(571)	(596)	(567)	(565)	(601)	(520)	(547)	(479)	(489)	(425)	(388)	(737)
Distribution expenses	(496)	(551)	(574)	(626)	(480)	(571)	(516)	(487)	(403)	(434)	(482)	(393)	(226)	(235)	(218)	(139)	(85)	(80)	(53)	(31)	(295)
Aircraft rent	(51)	(45)	(65)	(40)	(43)	(46)	(46)	(49)	(56)	(59)	(65)	(67)	(61)	(63)	(58)	(52)	(55)	(51)	(50)	(47)	(50)
Special (charges) credits	108)	(68)	5)	(36)	(13)	(47)	(29)	(859)	(14)	(16)	(20)	(112)	8)	(56)	1,098)	948)	1,377)	149)	1,081)	1,449)	(63)
Other operating expenses	(2,330)	(2,390)	(2,304)	(2,211)	(2,148)	(2,073)	(2,158)	(2,017)	(1,814)	(1,745)	(1,790)	(1,642)	(1,451)	(1,405)	(1,197)	(957)	(874)	(826)	(679)	(528)	(1,453)
Operating expense	(12,606)	(13,192)	(13,278)	(13,057)	(12,440)	(12,628)	(12,745)	(12,661)	(11,472)	(11,023)	(11,419)	(11,234)	(8,942)	(8,600)	(6,713)	(5,741)	(4,602)	(5,547)	(4,104)	(3,112)	(8,951)
Operating income (loss)	607)	1,503)	1,565)	1,929)	99)	998)	1,739)	1,517)	(43)	1,377)	1,458)	878)	(1,376)	(408)	1,037)	(270)	(1,381)	(2,135)	(1,615)	(1,637)	(972)
Interest expense, net of interest capitalized	(308)	(316)	(326)	(367)	(393)	(430)	(445)	(451)	(448)	(447)	(428)	(398)	(400)	(406)	(431)	(404)	(336)	(334)	(329)	(179)	(150)
Interest income	164)	172)	187)	190)	177)	207)	234)	216)	170)	156)	104)	33)	5)	6)	11)	12)	7)	5)	8)	11)	26)
Unrealized gains (losses) on investments, net	(21)	(39)	(90)	(33)	(37)	(27)	(54)	84)	24)	32)	28)	(40)	—)	(125)	(34)	147)	(22)	101)	15)	9)	(319)
Miscellaneous, net	36)	(13)	(50)	20)	(10)	23)	11)	21)	41)	12)	(9)	(14)	19)	88)	20)	(49)	(19)	(10)	(411)	(207)	(699)
Nonoperating expense, net	(129)	(196)	(279)	(190)	(263)	(227)	(254)	(130)	(213)	(247)	(305)	(419)	(376)	(437)	(434)	(294)	(370)	(238)	(717)	(366)	(1,142)
Income (loss) before income taxes	478)	1,307)	1,286)	1,739)	(164)	771)	1,485)	1,387)	(256)	1,130)	1,153)	459)	(1,752)	(845)	603)	(564)	(1,751)	(2,373)	(2,332)	(2,003)	(2,114)
Income tax (expense) benefit	(91)	(322)	(321)	(416)	40)	(171)	(348)	(312)	62)	(287)	(211)	(130)	375)	199)	(130)	130)	394)	476)	491)	376)	410)
Net income (loss)	387)	985)	965)	1,323)	(124)	600)	1,137)	1,075)	(194)	843)	942)	329)	(1,377)	(646)	473)	(434)	(1,357)	(1,897)	(1,841)	(1,627)	(1,704)

Download chart

Income statement item	Description	The company
Operating revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	United Airlines Holdings Inc. operating revenue decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	United Airlines Holdings Inc. operating income (loss) decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
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 increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
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) increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.

United Airlines Holdings Inc. (NASDAQ:UAL)

Income StatementQuarterly Data

Income Statement
Quarterly Data