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United Airlines Holdings, Inc.

UALNasdaqAir Transportation, ScheduledFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026Score 10/3021% below fair value
$109.24+5.00 (+4.80%)

Close on Nov 2, 2026Market cap $35.46BP/E 10.2Yield –

United Airlines Consolidated Operating Expenses — GAAP by Year

Consolidated Operating Expenses — GAAP ($M) ($M)

QuarterlyAnnual

United Airlines Consolidated Operating Expenses — GAAP: $54,356M in FY2025, up 4.6% from a year earlier. That is the highest of the 18 years on record here.

Latest, FY2025
54,356
Period ended Dec 31, 2025
Change on a year earlier
+4.6%
51,967 in FY2024
History
18 years
Since FY2008
Sources
14
Documents cited below

Where the FY2025 figure comes from

Source: SEC 10-K (FY2025, 0000100517-26-000023) ↗

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedConsolidated Operating Expenses — GAAP ($M) ($M)Year on yearSource
FY2025Dec 31, 202554,356+4.6%SEC 10-K (FY2025, 0000100517-26-000023) ↗
FY2024Dec 31, 202451,967+5.0%SEC 10-K (FY2024, 0000100517-25-000046) ↗
FY2023Dec 31, 202349,506+16.2%SEC 10-K (FY2023, 0000100517-24-000027) ↗
FY2022Dec 31, 202242,618+66.1%SEC 10-K (FY2022, 0000100517-23-000048) ↗
FY2021Dec 31, 202125,656+18.2%SEC 10-K (FY2021, 0000100517-22-000009) ↗
FY2020Dec 31, 202021,714-44.3%SEC 10-K (FY2020, 0000100517-21-000016) ↗
FY2019Dec 31, 201938,958+2.3%SEC 10-K (FY2019, 0000100517-20-000010) ↗
FY2018Dec 31, 201838,074+11.4%SEC 10-K (FY2019, 0000100517-20-000010) ↗
FY2017Dec 31, 201734,166+6.1%SEC 10-K (FY2019, 0000100517-20-000010) ↗
FY2016Dec 31, 201632,214-1.5%United Airlines Holdings 10-K (filed 2019-02-28, acc 0000100517-19-000009) ↗
FY2015Dec 31, 201532,698-10.5%United Airlines Holdings 10-K (filed 2016-02-18, acc 0001193125-16-468479) ↗
FY2014Dec 31, 201436,528-1.4%United Airlines Holdings 10-K (filed 2015-02-20, acc 0001193125-15-056493) ↗
FY2013Dec 31, 201337,030-0.2%United Airlines Holdings 10-K (filed 2014-02-20, acc 0001193125-14-060695) ↗
FY2012Dec 31, 201237,113+5.2%United Airlines Holdings 10-K (filed 2013-02-25, acc 0001193125-13-074391) ↗
FY2011Dec 31, 201135,288+57.9%United Airlines Holdings 10-K (filed 2012-02-22, acc 0001193125-12-073010) ↗
FY2010Dec 31, 201022,349+35.5%United Airlines Holdings 10-K (filed 2012-02-22, acc 0001193125-12-073010) ↗

Cite this data

StockData. (2026). United Airlines Consolidated Operating Expenses — GAAP ($M), annual FY2008–FY2025 [Data set]. Compiled from United Airlines SEC filings and investor materials. https://stockdatahq.com/stocks/ual/kpis/db-costs-and-expenses

See every metric in the United Airlines KPI table. Data updated Nov 3, 2026.