UALNasdaqAir Transportation, ScheduledFiscal year ends December 31

United Airlines Holdings, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026

$95.60−0.50 (-0.52%)

Close on Oct 19, 2026

Market cap: $31.22B
P/E (TTM): 8.9
Dividend yield: –

United Airlines Holdings, Inc. balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Cash & Equivalents	5,942	8,946	6,058	7,421	18,533	11,742	2,868	1,799	1,591	2,303	3,212	2,002	3,220	4,770	6,246	8,069	3,042	2,039	1,259
Short-Term Investments	6,298	5,706	8,330	9,248	123	414	2,182	2,256	2,316	2,249	2,190	2,382	1,901	1,773	1,516	611	–	–	–
Cash & Short-Term Investments	12,240	14,652	14,388	16,669	18,656	12,156	5,050	4,055	3,907	4,552	5,402	4,384	5,121	6,543	7,762	8,680	3,042	2,039	1,259
Receivables	2,391	2,163	1,898	1,801	1,663	1,295	1,364	1,426	1,340	1,176	1,128	1,146	1,503	1,338	1,358	1,613	743	–	–
Inventory	–	–	–	–	–	–	–	–	–	–	7.00	–	–	–	–	–	–	–	–
Prepaid Expenses & Other	671	673	640	689	745	635	814	733	1,071	832	740	774	704	865	607	658	–	–	–
Total Current Assets	16,857	18,883	18,487	20,058	21,834	14,800	8,194	7,094	7,133	7,309	7,828	7,547	8,702	10,049	10,997	12,045	5,105	–	–
Property, Plant & Equipment	46,121	42,908	39,815	34,448	32,074	31,466	30,170	27,399	26,208	23,318	21,580	19,467	18,047	17,292	16,419	16,945	9,840	–	–
Gross Property, Plant & Equipment	73,586	68,031	62,525	–	–	–	44,707	40,665	–	–	–	–	–	–	–	–	–	–	–
Accumulated Depreciation	-27,466	-25,123	-22,710	–	–	–	-14,537	-13,266	–	–	–	–	–	–	–	–	–	–	–
Long-Term Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	103	88	–	–
Equity Method Investments	273	241	230	188	171	139	126	144	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Right-of-Use Assets	4,958	3,815	3,914	3,889	4,645	4,537	4,758	5,262	–	–	–	–	–	–	–	–	–	–	–
Goodwill	4,527	4,527	4,527	4,527	4,527	4,527	4,523	4,523	4,523	4,523	4,523	4,523	4,523	4,523	4,523	4,523	–	–	–
Intangible Assets	2,655	2,683	2,725	2,762	2,803	2,838	3,009	3,159	3,539	3,632	4,136	4,284	4,436	4,597	4,750	4,917	2,455	–	–
Deferred Tax Assets	–	–	0	91	659	131	0	–	–	–	–	–	–	–	–	–	–	–	–
Other Long-Term Assets	–	–	8,888	8,963	9,622	8,745	9,489	9,269	9,005	9,513	11,453	9,581	10,063	10,287	10,572	818	983	–	–
Total Assets	76,448	74,083	71,104	67,358	68,175	59,548	52,611	49,024	42,346	40,140	40,861	36,595	36,812	37,628	37,988	39,598	18,684	–	–
Accounts Payable	4,567	4,193	3,835	3,395	2,562	1,595	2,703	2,363	2,196	2,139	1,869	1,882	2,087	2,312	1,998	1,805	803	–	–
Current Portion of Long-Term Debt	4,426	2,973	4,018	2,911	3,002	1,911	1,407	1,230	1,565	849	1,224	1,313	1,368	1,812	1,186	2,411	545	–	–
Current Debt	4,426	2,973	4,018	2,911	3,002	1,911	1,407	1,230	1,565	849	1,224	1,313	1,368	1,812	1,186	2,411	545	–	–
Current Portion of Leases	631	467	576	561	556	612	686	719	–	–	–	–	–	–	–	–	–	–	–
Other Current Liabilities	757	948	806	779	560	706	566	553	–	–	–	–	–	–	–	–	–	–	–
Total Current Liabilities	26,133	23,314	22,203	19,992	18,304	12,725	14,938	13,839	12,763	12,286	12,414	12,508	12,107	12,818	11,394	12,645	6,473	–	–
Long-Term Debt	20,562	21,680	25,057	28,283	30,361	24,836	13,145	12,215	11,703	9,918	9,673	9,953	10,171	10,440	10,496	11,434	6,378	–	–
Long-Term Leases	5,417	4,510	4,503	4,459	5,152	4,986	4,946	5,276	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	6,048	4,977	5,079	5,020	5,708	5,598	5,632	5,995	–	–	–	–	–	–	–	–	–	–	–
Deferred Tax Liabilities	2,463	1,580	594	0	–	0	1,736	828	204	–	–	1,000	1,662	1,543	1,603	1,585	551	–	–
Other Long-Term Liabilities	1,478	1,530	1,414	1,369	1,284	1,156	1,024	1,010	8,150	8,455	9,081	11,167	10,797	1,366	1,395	1,333	1,001	–	–
Total Liabilities	61,166	61,408	61,780	60,462	63,146	53,588	41,080	38,982	33,558	31,566	31,895	34,199	33,828	37,147	36,182	37,871	21,495	–	–
Total Debt	24,988	24,653	29,075	31,194	33,363	26,747	14,552	13,445	13,268	10,767	10,897	11,266	11,539	12,252	11,682	13,845	6,923	–	–
Preferred Stock	0	0	0	0	0	0	0	0	0	–	–	0	–	–	–	–	–	–	–
Common Stock	4.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	3.00	3.00	4.00	4.00	4.00	3.00	3.00	3.00	2.00	–	–
Additional Paid-In Capital	8,911	8,980	8,992	8,986	9,156	8,366	6,129	6,120	6,098	6,569	7,946	7,721	7,425	7,145	7,114	7,071	3,136	–	–
Retained Earnings	10,092	6,880	3,831	1,265	625	2,626	9,716	6,715	4,549	3,427	3,457	-3,883	-5,015	-5,586	-4,863	-5,703	-5,956	–	–
Treasury Stock	-3,773	-3,377	-3,441	-3,534	-3,814	-3,897	-3,599	-1,993	-769	-511	-1,610	-367	-38	-35	-31	-31	-28	–	–
Comprehensive Income & Other	48	188	-62	175	-942	-1,139	-718	-803	-1,147	-829	-831	-1,079	608	-1,046	-417	387	35	93	–
Shareholders' Equity	15,282	12,675	9,324	6,896	5,029	5,960	11,531	10,042	8,788	8,574	8,966	2,396	2,984	481	1,806	1,727	-2,811	-2,321	2,610
Total Equity	15,282	12,675	9,324	6,896	5,029	5,960	11,531	10,042	8,788	8,574	8,966	2,396	2,984	481	1,806	1,727	-2,811	-2,321	2,610
Total Liabilities & Equity	76,448	74,083	71,104	67,358	68,175	59,548	52,611	49,024	42,346	40,140	40,861	36,595	36,812	37,628	37,988	39,598	18,684	–	–
Shares Outstanding(shares)	323	328	328	327	324	312	251	270	287	315	365	375	362	332	331	328	168	–	–
Loans, Net	54	72	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Allowance for Credit Losses	–	–	38	21	622	522	–	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 7.7%
Net margin: 5.6%
Return on equity, FY2025: 24.0%

Financial strength

Current ratio: 0.78
Debt to equity: 1.58
Debt to assets: 31.3%
Cash to current liabilities: 36.6%

Valuation

P/E ratio: 8.9
Price to sales: 0.50
Price to book: 1.87
Dividend yield: –