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The story
Founded by Walter Varney on Apr 6, 1926, in Boise.1
UAL on Nasdaq
United Airlines
Logo: United Airlines, Inc., Public domain, via Wikimedia Commons6
Airline of the United States
United Airlines, Inc. is a major airline in the United States headquartered in Chicago, Illinois. It operates an extensive domestic and international route network across the United States and to destinations on six continents. Regional service is provided by independent carriers operating under the United Express brand, and the Star Alliance, of which United was one of the five founding airlines, extends its network throughout the world.3 It was founded by Walter Varney.1 Its chief executive is Scott Kirby (since 2020).1 It is part of UAL Corporation.1 Its shares trade on Nasdaq under the symbol UAL.1 Wikipedia text CC BY-SA 4.0
$96.19 down 5.12 (5.05%)Price as of Oct 16, 2026 at 19:58 UTC
Last updated Oct 21, 2026.
Overview
Apr 6, 1926Founded1
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- TickerUAL on Nasdaq1
- Industryair transport1
- HeadquartersChicago1
- Founded inBoise1
- Websitewww.united.com
- Legal formlimited company1
- LEIK1OQBWM7XEOO08LDNP294
- StatusActive4
- LEI statusIssued and current4
- Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 8900804
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United Airlines, Inc. is a major airline in the United States headquartered in Chicago, Illinois. It operates an extensive domestic and international route network across the United States and to destinations on six continents. Regional service is provided by independent carriers operating under the United Express brand, and the Star Alliance, of which United was one of the five founding airlines, extends its network throughout the world.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
8.0%Operating margin10
5.7%Net margin10
3.5%Revenue growth, 202510
21.9%Return on equity10
1.12×Debt to equity10
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Passenger brought in 84% of the revenue United Airlines broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Passenger | $49.0B | $51.8B | $53.4B |
| Passenger, Ancillary Fees | $4.1B | $4.5B | $4.8B |
| Product and Service, Other | $3.2B | $3.5B | $3.9B |
| Cargo and Freight | $1.5B | $1.7B | $1.8B |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs93¢$54.8B
- Income tax2¢$953.0M
- Profit6¢$3.4B
Out of $59.1B in revenue.10
Where each dollar of operating cash went, fiscal 2025
- Share buybacks8¢$637.0M
- Kept or used elsewhere92¢$7.8B
Out of $8.4B of cash from operations.10
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenue | $59.1B | $57.1B | $53.7B |
| Salaries and related costs | $17.6B | $16.7B | $14.8B |
| Aircraft fuel | $11.4B | $11.8B | $12.7B |
| Landing fees and other rent | $3.8B | $3.4B | $3.1B |
| Aircraft maintenance materials and outside repairs | $3.3B | $3.1B | $2.7B |
| Depreciation and amortization | $2.9B | $2.9B | $2.7B |
| Regional capacity purchase | $2.7B | $2.5B | $2.4B |
| Distribution expenses | $2.1B | $2.2B | $2.0B |
| Aircraft rent | $252.0M | $193.0M | $197.0M |
| Special charges | $259.0M | $112.0M | $949.0M |
| Other operating expenses | $9.9B | $9.1B | $8.1B |
| Total operating expense | $54.4B | $52.0B | $49.5B |
| Operating income | $4.7B | $5.1B | $4.2B |
| Interest expense | -$1.4B | -$1.6B | -$2.0B |
| Interest income | $611.0M | $726.0M | $827.0M |
| Interest capitalized | $206.0M | $227.0M | $182.0M |
| Unrealized gains (losses) on investments, net | $4.0M | -$199.0M | $27.0M |
| Miscellaneous, net | $144.0M | -$53.0M | $96.0M |
| Total nonoperating expense, net | -$408.0M | -$928.0M | -$824.0M |
| Income before income taxes | $4.3B | $4.2B | $3.4B |
| Total Income Tax Expense | $953.0M | $1.0B | $769.0M |
| Net income | $3.4B | $3.1B | $2.6B |
| Earnings per share, basic (in dollars per share) | $10.32 | $9.58 | $7.98 |
| Earnings per share, diluted (in dollars per share) | $10.20 | $9.45 | $7.89 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $5.9B | $8.8B | $6.1B | |
| Short-term investments | $6.3B | $5.7B | ||
| Receivables, net | $2.4B | $2.2B | ||
| Aircraft fuel, spare parts and supplies, net | $1.6B | $1.6B | ||
| Prepaid expenses and other | $671.0M | $673.0M | ||
| Total current assets | $16.9B | $18.9B | ||
| Operating property and equipment, net | $46.1B | $42.9B | ||
| Operating lease right-of-use assets | $5.0B | $3.8B | ||
| Goodwill | $4.5B | $4.5B | ||
| Intangible assets, net | $2.7B | $2.7B | ||
| Investments in affiliates and other, net | $1.3B | $1.3B | ||
| Total noncurrent assets | $59.6B | $55.2B | ||
| Total assets | $76.4B | $74.1B | ||
| Accounts payable | $4.6B | $4.2B | ||
| Accrued salaries and benefits | $3.9B | $3.3B | ||
| Advance ticket sales | $8.1B | $7.6B | ||
| Frequent flyer deferred revenue | $3.7B | $3.4B | ||
| Current maturities of long-term debt, finance leases, and other financial liabilities | $4.4B | $3.5B | ||
| Current maturities of operating leases | $631.0M | $467.0M | ||
| Other | $757.0M | $948.0M | ||
| Total current liabilities | $26.1B | $23.3B | ||
| Long-term debt, finance leases, and other financial liabilities | $20.6B | $25.2B | ||
| Long-term obligations under operating leases | $5.4B | $4.5B | ||
| Frequent flyer deferred revenue | $4.1B | $4.0B | ||
| Pension and postretirement benefit liability | $1.1B | $1.2B | ||
| Deferred income taxes | $2.5B | $1.6B | ||
| Other | $1.5B | $1.5B | ||
| Total noncurrent liabilities | $35.0B | $38.1B | ||
| Preferred stock | $0 | $0 | ||
| Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 323,470,682 and 327,899,771 shares at December 31, 2025 and 2024, respectively | $4.0M | $4.0M | ||
| Additional capital invested | $8.9B | $9.0B | ||
| Stock held in treasury, at cost | -$3.8B | -$3.4B | ||
| Retained earnings | $10.1B | $6.9B | ||
| Accumulated other comprehensive income | $48.0M | $188.0M | ||
| Total stockholders' equity | $15.3B | $12.7B | $9.3B | $6.9B |
| Total liabilities and stockholders' equity | $76.4B | $74.1B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common shares, authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common shares, issued (in shares) | 323.5M shares | 327.9M shares | ||
| Common shares, outstanding (in shares) | 323.5M shares | 327.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $5.9B | $8.8B | $6.1B | |
| Short-term investments | $6.3B | $5.7B | ||
| Receivables, net | $2.4B | $2.2B | ||
| Aircraft fuel, spare parts and supplies, net | $1.6B | $1.6B | ||
| Prepaid expenses and other | $671.0M | $673.0M | ||
| Total current assets | $16.9B | $18.9B | ||
| Operating property and equipment, net | $46.1B | $42.9B | ||
| Operating lease right-of-use assets | $5.0B | $3.8B | ||
| Goodwill | $4.5B | $4.5B | ||
| Intangible assets, net | $2.7B | $2.7B | ||
| Investments in affiliates and other, net | $1.3B | $1.3B | ||
| Total noncurrent assets | $59.6B | $55.2B | ||
| Total assets | $76.4B | $74.1B | ||
| Accounts payable | $4.6B | $4.2B | ||
| Accrued salaries and benefits | $3.9B | $3.3B | ||
| Advance ticket sales | $8.1B | $7.6B | ||
| Frequent flyer deferred revenue | $3.7B | $3.4B | ||
| Current maturities of long-term debt, finance leases, and other financial liabilities | $4.4B | $3.5B | ||
| Current maturities of operating leases | $631.0M | $467.0M | ||
| Other | $757.0M | $948.0M | ||
| Total current liabilities | $26.1B | $23.3B | ||
| Long-term debt, finance leases, and other financial liabilities | $20.6B | $25.2B | ||
| Long-term obligations under operating leases | $5.4B | $4.5B | ||
| Frequent flyer deferred revenue | $4.1B | $4.0B | ||
| Pension and postretirement benefit liability | $1.1B | $1.2B | ||
| Deferred income taxes | $2.5B | $1.6B | ||
| Other | $1.5B | $1.5B | ||
| Total noncurrent liabilities | $35.0B | $38.1B | ||
| Preferred stock | $0 | $0 | ||
| Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 323,470,682 and 327,899,771 shares at December 31, 2025 and 2024, respectively | $4.0M | $4.0M | ||
| Additional capital invested | $8.9B | $9.0B | ||
| Stock held in treasury, at cost | -$3.8B | -$3.4B | ||
| Retained earnings | $10.1B | $6.9B | ||
| Accumulated other comprehensive income | $48.0M | $188.0M | ||
| Total stockholders' equity | $15.3B | $12.7B | $9.3B | $6.9B |
| Total liabilities and stockholders' equity | $76.4B | $74.1B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common shares, authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common shares, issued (in shares) | 323.5M shares | 327.9M shares | ||
| Common shares, outstanding (in shares) | 323.5M shares | 327.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $3.4B | $3.1B | $2.6B |
| Deferred income tax | $925.0M | $935.0M | $756.0M |
| Depreciation and amortization | $2.9B | $2.9B | $2.7B |
| Operating and non-operating special charges, non-cash portion | $13.0M | $158.0M | $84.0M |
| Unrealized (gains) losses on investments | -$4.0M | $199.0M | -$27.0M |
| Amortization of debt discount and debt issuance costs | $77.0M | $166.0M | $139.0M |
| Other operating activities | -$62.0M | $9.0M | $6.0M |
| (Increase) decrease in receivables | -$297.0M | $280.0M | -$100.0M |
| Increase in prepaids and other assets | -$264.0M | -$166.0M | -$463.0M |
| Increase (decrease) in advance ticket sales | $570.0M | $857.0M | -$851.0M |
| Increase in frequent flyer deferred revenue | $336.0M | $298.0M | $468.0M |
| Increase in accounts payable | $674.0M | $178.0M | $572.0M |
| Increase in other liabilities | $171.0M | $454.0M | $1.0B |
| Net cash provided by operating activities | $8.4B | $9.4B | $6.9B |
| Capital expenditures, net of flight equipment purchase deposit returns | -$5.9B | -$5.6B | -$7.2B |
| Purchases of short-term and other investments | -$7.8B | -$5.8B | -$9.5B |
| Proceeds from sale of short-term and other investments | $7.3B | $8.7B | $10.5B |
| Proceeds from sale of property and equipment | $98.0M | $109.0M | $39.0M |
| Other, net | -$96.0M | $3.0M | -$23.0M |
| Net cash used in investing activities | -$6.3B | -$2.7B | -$6.1B |
| Proceeds from issuance of debt and other financial liabilities, net of discounts and fees | $578.0M | $6.1B | $2.4B |
| Payments of long-term debt, finance leases and other financial liabilities | -$4.8B | -$10.1B | -$4.2B |
| Repurchases of common stock | -$637.0M | -$162.0M | $0 |
| Other, net | -$115.0M | -$21.0M | -$32.0M |
| Net cash used in financing activities | -$4.9B | -$4.2B | -$1.9B |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -$2.9B | $2.6B | -$1.1B |
| Right-of-use assets acquired or modified through operating leases | $1.9B | $625.0M | $761.0M |
| Property and equipment acquired through the issuance or modification of debt, finance leases and other financial liabilities | -$25.0M | $409.0M | $819.0M |
| Operating leases converted to finance leases | $417.0M | $239.0M | $295.0M |
| Investment interests received in exchange for loans, goods and services | $45.0M | $24.0M | $33.0M |
| Interest | $1.3B | $1.5B | $1.8B |
| Income taxes | $62.0M | $88.0M | $7.0M |
No quarter-by-quarter statement was filed.
Corporate structure
United Airlines is part of a group headed by United Airlines Holdings. 50 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of United Airlines
- Capital International Investors Filed SCHEDULE 13G/A on United Airlines, latest May 14, 2026 (4 filings since Feb 9, 2024)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on United Airlines, latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on United Airlines, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
- PRIMECAP MANAGEMENT CO/CA/ Filed SCHEDULE 13G/A on United Airlines, latest Feb 11, 2026 (5 filings since Feb 10, 2022)
- FMR LLC Filed SCHEDULE 13G on United Airlines, latest Feb 5, 2026
- BlackRock Filed SC 13G/A on United Airlines, latest Jan 29, 2024 (3 filings since Feb 1, 2022)
- United Airlines Holdings Wilmington, Delaware, United States
- United Airlines Wilmington, Delaware, United States
- Airlines Reporting Corporation Subsidiary · Arlington
- CommuteAir Subsidiary · Westlake
- Shuttle by United Subsidiary
- United Club Subsidiary
- Archer Aviation Stake · Wilmington, Delaware, United States
- AZUL SA Stake · D5
- Clear Secure Stake · New York, New York
- Republic Airways Holdings Stake · Indianapolis
- ● Air Wis Services, Inc. Subsidiary · Wisconsin, United States
- ● Air Wisconsin, Inc. Subsidiary · Wisconsin, United States
- ● CAL Cargo, S.A. de C.V. Subsidiary · Mexico
- ● CALFINCO Caymans Ltd. Subsidiary · Cayman Islands
- ● CALFINCO Inc. Subsidiary · Delaware, United States
- ● Century Casualty Company Subsidiary · Vermont, United States
- ● Continental Airlines de Mexico, S.A. Subsidiary · Mexico
- ● Continental Airlines, Inc. Supplemental Retirement Plan for Pilots Trust Agreement Subsidiary · Delaware, United States
- ● Covia LLC Subsidiary · Delaware, United States
- ● Domicile Management Services, Inc. Subsidiary · Delaware, United States
- ● Mileage Plus Holdings, LLC Subsidiary · Delaware, United States
- ● Mileage Plus Intellectual Property Assets Aggregator, Ltd. Subsidiary · Cayman Islands
- ● Mileage Plus Intellectual Property Assets GP S.à r.l. Subsidiary · Luxembourg
- ● Mileage Plus Intellectual Property Assets Holdings MIP, Ltd. Subsidiary · Cayman Islands
- ● Mileage Plus Intellectual Property Assets Holdings UIP, Ltd. Subsidiary · Cayman Islands
- ● Mileage Plus Intellectual Property Assets Lux 1 SCS Subsidiary · Luxembourg
- ● Mileage Plus Intellectual Property Assets Lux 2 SCS Subsidiary · Luxembourg
- and 17 more
- Continental Airlines Subsidiary · Los Angeles
- Continental Lite Subsidiary
- Continental Micronesia Subsidiary · Tamuning
- United Express Subsidiary · Chicago
- Chelsea Food Services Subsidiary
- RIVIAN, LLC Subsidiary · Wilmington, Delaware, United States
- UNITED AIRLINES BUSINESS SERVICES PRIVATE LIMITED Subsidiary · New Delhi, India
- United p.s. Subsidiary
- United Airlines Wilmington, Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (4 companies). Each entity in the chart links to its source.
What it owns
What United Airlines reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Properties, in its own words
Fleet. As of December 31, 2025, United's mainline and regional fleets consisted of the following:
Aircraft Type · Total · Owned · Leased · Seats in Standard Configuration · Average Age(In Years)
The rest of Item 2
Mainline:
777-300ER · 22 · 22 · — · 350 · 8.0
777-200ER · 55 · 54 · 1 · 276-362 · 25.8
777-200 · 19 · 19 · — · 364 · 28.5
787-10 · 21 · 21 · — · 318 · 5.2
787-9 · 48 · 48 · — · 257 · 6.7
787-8 · 12 · 12 · — · 243 · 12.5
767-400ER · 16 · 16 · — · 231 · 24.3
767-300ER · 37 · 37 · — · 167-203 · 29.8
757-300 · 21 · 21 · — · 234 · 23.3
757-200 · 40 · 39 · 1 · 176 · 28.9
737 MAX 9 · 120 · 76 · 44 · 179 · 2.9
737 MAX 8 · 123 · 107 · 16 · 166 · 2.4
737-900ER · 136 · 136 · — · 179 · 13.0
737-900 · 12 · 12 · — · 179 · 24.3
737-800 · 141 · 130 · 11 · 166 · 21.8
737-700 · 40 · 38 · 2 · 126 · 26.8
A321neo · 59 · 51 · 8 · 200 · 0.9
A320-200 · 68 · 68 · — · 150 · 25.7
A319-100 · 76 · 51 · 25 · 126 · 23.9
Total mainline · 1,066 · 958 · 108 · 15.3
Aircraft Type · Total · Owned · Owned or Leased by Regional Carrier · Regional Carrier Operator · Number of Aircraft · Seats in Standard Configuration
Regional:
E175 · 241 · 117 · 124 · SkyWestMesaRepublic · 1196062 · 70/76
E170 · 4 · — · 4 · Republic · 4 · 70
CRJ700 · 10 · — · 10 · SkyWest · 10 · 70
CRJ550 · 80 · 20 · 60 · GoJetSkyWest · 5426 · 50
CRJ200 · 30 · — · 30 · SkyWest · 30 · 50
ERJ145XR · 59 · 59 · — · CommuteAir · 59 · 50
Total regional · 424 · 196 · 228
In addition to the aircraft presented in the table above, United owned the following regional aircraft as of December 31, 2025:
• 29 ERJ145XRs that are temporarily grounded; and
• Two CRJ700s awaiting conversion to CRJ550s.
Firm Order and Option Aircraft. As of December 31, 2025, United had firm commitments to purchase aircraft from Boeing and Airbus presented in the table below:
Contractual Aircraft Deliveries · Expected Aircraft Deliveries (b)
Aircraft Type · Number of Firm Commitments (a) · 2026 · 2027 · After 2027 · 2026 · 2027 · After 2027
787 · 150 · 48 · 9 · 93 · 20 · 26 · 104
737 MAX 9 · 103 · 103 · — · — · 76 · 27 · —
737 MAX 10 · 167 · 3 · 44 · 120 · — · 21 · 146
A321neo · 119 · 18 · 1 · 100 · 16 · 3 · 100
A321XLR · 50 · 8 · 26 · 16 · 8 · 16 · 26
A350 · 45 · — · — · 45 · — · — · —
(a) United also has options and purchase rights for additional aircraft.
(b) Expected aircraft deliveries reflect adjustments communicated by Boeing and Airbus or estimated by United.
The aircraft listed in the table above are scheduled for delivery through 2034. The amount and timing of the Company's future capital commitments could change to the extent that: (i) the Company and the aircraft manufacturers, with whom the Company has existing orders for new aircraft, agree to modify (or further modify) the contracts governing those orders; (ii) rights are exercised pursuant to the relevant agreements to cancel deliveries or modify the timing of deliveries; or (iii) the aircraft manufacturers are unable to deliver in accordance with the terms of those orders.
See Note 12 to the financial statements included in Part II, Item 8 of this report for additional information.
Facilities. United has major terminal facility leases at SFO, IAD, ORD, LAX, DEN, EWR, IAH and GUM. United leases gates, hangar sites, terminal buildings and other airport facilities in the municipalities it serves with lease expiration dates ranging from 2026 through 2057. Substantially all of these facilities are leased on a net-rental basis, resulting in the Company having financial responsibility for maintenance, insurance and other facility-related expenses and services.
United also maintains administrative, catering, cargo, training, maintenance and other facilities to support its operations in the cities it serves. United's leases for its principal executive office and operations center in downtown Chicago and administrative offices in downtown Houston expire from 2029 through 2033.
Item 2 of the 10-K filed Feb 12, 2026.18
Stakes and holdings (Wikidata)
- Boeing 787 #363
- Hemispheres
Things Wikidata records the company as owning, with the share when stated.1
Leadership
Who has led United Airlines, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
197019801990200020102020
- FounderWalter Varney1
- Chief executive officerScott Kirby 2020 to now1
- Chief executive officerBrett Hart Feb 19, 2016 to Mar 1, 201619
- Chief executive officerScott Kirby Aug 2016 to now20
- Chief executive officerOscar Munoz Sep 8, 2015 to 202021
- Chief executive officerJeff Smisek 2012 to Sep 8, 201522
- Chief executive officerJeff Smisek Oct 5, 2010 to Oct 5, 201023
- Chief executive officerLarry Kellner Apr 25, 2006 to Jan 8, 200824
- Chief executive officerGlenn Tilton 2002 to 201225
- Chief executive officerJohn W. Creighton, Jr. 2001 to 20021
- Chief executive officerStephen M. Wolf 1987 to 19941
- Chief executive officerRichard J. Ferris 1979 to Jun 19871
- Chief executive officerEdward Carlson 1971 to 19791
- Chief executive officerWilliam A. Patterson 1934 to 19661
- Chief executive officerPhilip G. Johnson until 19341
- ChairOscar Munoz Nov 20, 2020 to Mar 2, 202126
- ChairJeff Smisek Feb 5, 2013 to Mar 3, 201527
- ChairJeff Smisek Oct 5, 2010 to Oct 5, 201023
- ChairSara A. Fields Aug 4, 2006 to Jan 4, 200728
- ChairGlenn Tilton Sep 4, 2003 to Jul 30, 201029
- PresidentBrett Hart May 22, 2020 to now30
- PresidentOscar Munoz Feb 19, 2016 to Sep 23, 201631
- PresidentScott Kirby Aug 31, 2016 to Mar 3, 202032
- PresidentJeff Smisek Oct 5, 2010 to Mar 3, 201533
- PresidentJeff Smisek Apr 25, 2006 to Oct 5, 201034
- PresidentGlenn Tilton Sep 4, 2003 to Jul 30, 201029
- Chief financial officerMichael D. Leskinen Sep 27, 2023 to now35
- Chief financial officerGerald Laderman Aug 7, 2015 to Jul 26, 202336
- Chief financial officerJohn D. Rainey Apr 18, 2012 to Mar 3, 201537
- Chief financial officerZane Rowe Oct 5, 2010 to Feb 28, 201238
- Chief financial officerJeffrey Joseph Misner Jan 8, 2008 to Jan 8, 200839
- Chief financial officerZane Rowe Sep 5, 2008 to Oct 5, 201040
- Chief financial officerKathryn A. Mikells Nov 4, 2008 to Oct 5, 201041
- Chief financial officerFrederic F. Brace Nov 5, 2003 to Nov 4, 200842
- Chief operating officerJonathan Roitman Jun 5, 2020 to Jun 15, 202243
- Chief operating officerGregory L. Hart Apr 16, 2014 to Mar 3, 202044
- Chief operating officerJohn P. Tague Jun 13, 2008 to Jun 12, 200945
- Chief operating officerPeter D. McDonald Feb 3, 2006 to Feb 27, 201446
Board members and other officers (92)
- Vice President & ControllerBrigitte Bokemeier Mar 5, 2024 to now47
- EVP & Chief Customer OfficerTorbjorn J. Enqvist Jun 7, 2021 to now48
- EVP and Chief Revenue OfficerAndrew P. Nocella Mar 1, 2017 to now49
- EVP HR and Labor RelationsKate Gebo Dec 15, 2017 to now50
- EVP & Chief Commerial OfficerJulia Haywood Aug 24, 2016 to Mar 2, 201751
- SVP Finance, Proc & TreasurerGerald Laderman Dec 9, 2016 to Dec 9, 201652
- EVP and CIOLinda Jojo Nov 5, 2014 to Nov 26, 202453
- SVP OperationsGregory L. Hart Dec 6, 2013 to Jun 16, 202354
- SVP Comm & Gov AffairsIrene E. Foxhall Jan 8, 2010 to Oct 5, 201055
- Sr VP HR & Labor RelationsMichael P. Bonds Jan 8, 2010 to Oct 5, 201056
- SVP, Gen Counsel and Corp SecThomas J. Sabatino Jr. Mar 31, 2010 to Oct 5, 201057
- Vice President & ControllerChris Kenny Oct 5, 2010 to Mar 1, 202458
- Exec VP Comm & Gov AffairsIrene E. Foxhall Oct 5, 2010 to Mar 3, 201559
- Exec VP & Chief Rev. OffJames E. Compton Oct 5, 2010 to Apr 29, 201660
- EVP - President, Mileage PlusJeffrey T. Foland Oct 5, 2010 to Dec 12, 201461
- Exec VP HR and Labor RelationsMichael P. Bonds Oct 5, 2010 to May 11, 201762
- EVP -Chief Information OfficerR. Keith Halbert Oct 5, 2010 to Mar 1, 201163
- SVP, Gen Counsel and Corp SecBrett Hart Dec 17, 2010 to Mar 3, 202064
- EVP Marketing Sales/RevenueJohn P. Tague Feb 3, 2006 to Oct 5, 201065
- VP & ControllerChris Kenny Feb 6, 2006 to Jan 8, 200866
- SVP,Gen Couns&Corp Compl OfficJennifer L. Vogel Feb 16, 2006 to Oct 5, 201067
- Executive VPMark J. Moran Feb 17, 2006 to Oct 5, 201068
- Exec VPJames E. Compton May 3, 2006 to Oct 5, 201069
- Exec VP & Chief Fincl OfficerJeffrey Joseph Misner May 3, 2006 to May 3, 200670
- SVP, CIO, Strategic SourcingGerald F. Kelly Jr. May 12, 2006 to Oct 3, 200671
- SVP-HR/United Air Lines, Inc.Jane G. Allen Jul 28, 2006 to Sep 5, 200672
- EVP&Chief Customer Officer/UAGraham W. Atkinson Oct 3, 2006 to Jan 4, 200773
- Senior VP-Corp & Gov AffairsRosemary Moore May 13, 2004 to Feb 5, 200774
- Sr.V.P.- Gen. Counsel and SecyPaul R. Lovejoy Jul 1, 2003 to Jun 8, 200975
- Executive V.P. - OperationsPeter D. McDonald Aug 26, 2003 to Oct 5, 201076
- Executive VP-StrategyDouglas A. Hacker Nov 5, 2003 to Jun 3, 200477
- Sr.VP-People United Air LinesSara A. Fields Nov 5, 2003 to Mar 6, 200678
- Board memberBrian Noyes Mar 25, 2025 to Mar 25, 202579
- Board memberAnne Worster Mar 8, 2024 to Mar 8, 202480
- Board memberRosalind Brewer Mar 8, 2024 to now81
- Board memberMichelle Freyre Apr 2, 2024 to now82
- Board memberGarth Thompson Feb 2, 2023 to Feb 2, 202383
- Board memberMichael Jason Hamilton Mar 22, 2022 to Mar 22, 202284
- Board memberLaysha Ward Mar 5, 2021 to now85
- Board memberRichard Johnsen Jul 16, 2021 to Jul 16, 202186
- Board memberMatthew Friend Dec 15, 2021 to now87
- Board memberScott Kirby May 22, 2020 to now88
- Board memberMichele J. Hooper Mar 14, 2018 to now89
- Board memberSito Pantoja Mar 11, 2016 to Mar 11, 201690
- Board memberTodd M. Insler Mar 11, 2016 to Mar 11, 201691
- Board memberJames A. C. Kennedy Mar 14, 2016 to Nov 8, 202392
- Board memberJim Whitehurst Mar 14, 2016 to now93
- Board memberRobert A. Milton Mar 14, 2016 to Oct 26, 201794
- Board memberEdward Shapiro Apr 25, 2016 to now95
- Board memberBarney Harford Apr 28, 2016 to now96
- Board memberEdward M. Philip Jul 22, 2016 to now97
- Board memberRichard A. Delaney Jun 16, 2014 to Jun 16, 201498
- Board memberWilliam Nuti Dec 6, 2013 to May 29, 201899
- Board memberJames J. Heppner Jan 9, 2012 to Apr 27, 2012100
- Board memberWendy J. Morse Jan 8, 2010 to Jan 8, 2010101
- Board memberCarolyn Corvi Oct 5, 2010 to May 30, 2023102
- Board memberCharles Yamarone Oct 5, 2010 to Jun 10, 2016103
- Board memberGlenn Tilton Oct 5, 2010 to Jun 14, 2013104
- Board memberHenry L. Meyer Iii. Oct 5, 2010 to Jun 10, 2016105
- Board memberJeff Smisek Oct 5, 2010 to Aug 13, 201233
- Board memberKirbyjon H. Caldwell Oct 5, 2010 to Jun 10, 2011106
- Board memberL. E. Simmons Oct 5, 2010 to Apr 2, 2018107
- Board memberOscar Munoz Oct 5, 2010 to Mar 3, 2020108
- Board memberJane C. Garvey Sep 25, 2009 to May 28, 2019109
- Board memberL. E. Simmons Nov 18, 2009 to Oct 5, 2010110
- Board memberCarolyn Corvi Dec 23, 2009 to Oct 5, 2010111
- Board memberDavid J. Vitale Feb 3, 2006 to Jun 1, 2021112
- Board memberJanet Carrig Feb 3, 2006 to Feb 3, 2006113
- Board memberRichard J. Almeida Feb 3, 2006 to Jun 14, 2010114
- Board memberRobert D. Krebs Feb 3, 2006 to Jun 14, 2010115
- Board memberWalter Isaacson Feb 3, 2006 to now116
- Board memberJeff Smisek Apr 25, 2006 to Jan 8, 200834
- Board memberLarry Kellner Apr 25, 2006 to Jan 8, 200824
- Board memberThomas J. Barrack, Jr. May 15, 2006 to Jun 13, 2007117
- Board memberCharles Yamarone May 31, 2006 to Oct 5, 2010118
- Board memberDouglas H. McCorkindale Jun 7, 2006 to Jun 12, 2009119
- Board memberHenry L. Meyer Iii. Jun 7, 2006 to Oct 5, 2010120
- Board memberKaren Hastie Williams Jun 7, 2006 to Oct 5, 2010121
- Board memberKirbyjon H. Caldwell Jun 7, 2006 to Oct 5, 2010122
- Board memberOscar Munoz Jun 7, 2006 to Oct 5, 2010123
- Board memberRonald B. Woodard Jun 7, 2006 to Oct 5, 2010124
- Board memberMary K. Bush Sep 14, 2006 to Jun 14, 2010125
- Board memberHazel R. Oleary Jan 8, 2004 to Feb 10, 2004126
- Board memberMark A. Bathurst Jan 8, 2004 to Jan 26, 2007127
- Board memberGeorge B. Weiksner Jr. Jul 1, 2003 to Jul 28, 2003128
- Board memberW. James Farrell Nov 12, 2003 to Jun 12, 2012129
- Board memberPaul R. Whiteford Jr. Nov 19, 2003 to Nov 19, 2003130
- Board memberJohn Walker Nov 21, 2003 to Jun 10, 2016131
- Board memberPaul E. Tierney Dec 5, 2003 to Dec 10, 2003132
- Board memberJames J. Oconnor Dec 10, 2003 to Jun 12, 2012133
- Board memberW. Douglas Ford Dec 12, 2003 to Dec 12, 2003134
- General counselBrett Hart Apr 27, 2016 to Mar 2, 2017135
Products and brands
Network
Destinations
As of 2026, United Airlines flies (or has flown) to the following destinations. This table does not include destinations served by United's regional subsidiary, United Express.
Hubs
As of 2026, United operates eight hubs:
Chicago–O'Hare
Denver
Read the full text
Guam
Houston–Intercontinental
Los Angeles
Newark
San Francisco
Washington–Dulles
Alliance and codeshare agreements
United Airlines is a member of the Star Alliance that has 26 member airlines that operate a combined fleet of over 5,000 aircraft, with more than 19,000 flights, serving more than 1,150 airports with access to over 1,000 lounges in 190 countries.
United has codeshare agreements with the following airlines:
United First and United Business
United First is the highest cabin offered on domestically configured aircraft. When these aircraft operate internationally, the cabin is marketed as United Business. Seats on narrowbody aircraft have a 38-inch (970 mm) seat pitch, while domestically configured Boeing 777-200ERs feature fully flat seats in a staggered layout. Amenities include priority services, complimentary alcoholic beverages and meals on longer flights, and dedicated check-in areas.
United introduced a redesigned domestic first-class seat in 2015, initially on Airbus A320 family aircraft, subsequently rolling it out across the mainline fleet.
In 2019, United announced a fleet-wide increase in first and business class seating, including the introduction of the premium-configured CRJ550 and later the CRJ450 regional aircraft.
United's newest narrowbody interiors debuted on the Airbus A321neo in 2023.
From Wikipedia’s article on United Airlines, shared under CC BY-SA 4.0.7
Subsidiaries and ownership
Parent company
Owners
Subsidiaries
Divisions
- Chelsea Food Services
- MileagePlus
- United p.s.
Also owns
- Boeing 787 #363
- Hemispheres
Former owners and parents
- UAL Corporation until 2010
Subsidiaries (Exhibit 21)
- United Airlines, Inc. Delaware8
- ● Air Wis Services, Inc. Wisconsin8
- ● Air Wisconsin, Inc. Wisconsin8
- ● CAL Cargo, S.A. de C.V. Mexico8
- ● CALFINCO Caymans Ltd. Cayman Islands8
- ● CALFINCO Inc. Delaware8
- ● Century Casualty Company Vermont8
- ● Continental Airlines de Mexico, S.A. Mexico8
- ● Continental Airlines, Inc. Supplemental Retirement Plan for Pilots Trust Agreement Delaware8
- ● Covia LLC Delaware8
- ● Domicile Management Services, Inc. Delaware8
- ● MPH I, LLC Delaware8
- ● Mileage Plus Holdings, LLC Delaware8
- ● Mileage Plus Intellectual Property Assets Aggregator, Ltd. Cayman Islands8
- ● Mileage Plus Intellectual Property Assets GP S.à r.l. Luxembourg8
- ● Mileage Plus Intellectual Property Assets Holdings MIP, Ltd. Cayman Islands8
- ● Mileage Plus Intellectual Property Assets Holdings UIP, Ltd. Cayman Islands8
- ● Mileage Plus Intellectual Property Assets Lux 1 SCS Luxembourg8
- ● Mileage Plus Intellectual Property Assets Lux 2 SCS Luxembourg8
- ● Mileage Plus Intellectual Property Assets SPV Partner, Ltd. Cayman Islands8
- ● Mileage Plus Intellectual Property Assets, Ltd. Cayman Islands8
- ● Mileage Plus Marketing, Inc. Delaware8
- ● Mileage Plus, LLC Delaware8
- ● Presidents Club of Guam, Inc. Delaware8
All 34 listed subsidiaries
- ● UABSPL Holdings, Inc. Delaware8
- ● UAL Benefits Management, Inc. Delaware8
- ● United Airlines Business Services Private Limited India8
- ● United Airlines Ventures Management LLC Delaware8
- ● United Airlines Ventures, Ltd. Cayman Islands8
- ● United Aviation Fuels Corporation Delaware8
- ● United Ground Express, Inc. Delaware8
- ● United Travel Services, LLC Delaware8
- ● United Vacations, Inc. Delaware8
- ● Westwind School of Aeronautics, Phoenix, LLC Delaware8
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Acquisitions
- Succeeded Varney Air Lines1
Controversies and legal
Accidents and incidents
United Airlines has been involved in numerous accidents and incidents since its founding, including Flight 175 and Flight 93 as part of the September 11 attacks, in which roughly 1000 were killed. The deadliest non-terrorism accident was in 1989, when Flight 232 crash-landed at Sioux Gateway Airport, following an uncontained engine failure leading to total loss of flight controls. 112 of the 296 on board were killed.
Controversies and passenger incidents
2017 passenger removal
On the evening of April 9, 2017, a passenger was forcibly removed by law enforcement from United Airlines flight 3411 at Chicago-O'Hare, bound for Louisville. United announced that it needed four seats for airline staff on the sold-out flight. When no passengers volunteered after being offered vouchers worth $800, United staff selected four passengers to leave. Three of them did so, but the fourth, a doctor named David Dao, declined as he said that he had patients to treat the following morning. He was pulled from his seat by Chicago Department of Aviation security officers and dragged by his arms down the aisle after his head was hit against an armrest and he was rendered unconscious. Dao sustained a concussion, broken teeth and a broken nose among other injuries. The incident was captured on smartphone cameras and posted on social media, triggering angry public backlash. Afterwards, United's then-chief executive officer, Oscar Munoz, described Dao as "disruptive and belligerent", apologized for "re-accommodating" the paying customers, and defended and praised staff for "following established procedures". He was widely criticized as "tone-deaf". Munoz later issued a second statement calling what happened a "truly horrific event" and accepting "full responsibility" for it. After a lawsuit, Dao reached an undisclosed settlement with United and airport police. In the aftermath, United's board of directors decided that Munoz would not become its chairman and that executive compensation would be tied to customer satisfaction. Following this incident, passenger complaints increased by 70 percent.
Mail-scan fraud
In February 2021, United Airlines was fined $49 million by the United States Department of Justice on charges of fraud on postal service contracts for transportation of international mail. According to investigators, between 2012 and 2015 United submitted delivery scan data to make it appear that United and its partner airlines complied with International Commercial Air requirements with accurate delivery times when in fact they were automated delivery scans with aspirational delivery times. Some employees within United worked to hide this fact from the United States Postal Service.
From Wikipedia’s article on United Airlines, shared under CC BY-SA 4.0.7
Timeline
- Jul 15, 20268-K Results of operations; Regulation FD disclosure136
- May 22, 20268-K Shareholder vote137
- Apr 27, 20268-K Regulation FD disclosure138
- Apr 21, 20268-K Results of operations; Regulation FD disclosure139
- Feb 6, 20268-K Entered a material agreement; New debt or obligation; Other events140
- Feb 2, 20268-K Entered a material agreement; New debt or obligation; Other events141
- Jan 20, 20268-K Results of operations; Regulation FD disclosure142
- Oct 15, 20258-K Results of operations; Regulation FD disclosure143
- Jul 16, 20258-K Results of operations; Regulation FD disclosure144
- Jul 9, 20258-K Ended a material agreement; Results of operations145
- May 28, 20258-K Shareholder vote146
- May 28, 20258-K Executive or director change147
- Aug 2016New chief executive Scott Kirby becomes CEO1
- Feb 19, 2016New chief executive Brett Hart becomes CEO19
- Sep 8, 2015New chief executive Oscar Munoz becomes CEO1
- Oct 5, 2010New chief executive Jeff Smisek becomes CEO23
- Apr 25, 2006New chief executive Larry Kellner becomes CEO24
- 2002New chief executive Glenn Tilton becomes CEO1
- 2001New chief executive John W. Creighton, Jr. becomes CEO1
- 1987New chief executive Stephen M. Wolf becomes CEO1
- Apr 7, 1980Parent Directly consolidated by United Airlines Holdings4
- 1979New chief executive Richard J. Ferris becomes CEO1
- 1971New chief executive Edward Carlson becomes CEO1
- 1968Went public Listed on NASDAQ1
- 1934New chief executive William A. Patterson becomes CEO1
- Apr 6, 1926Founded Founded in Boise1
Calendar
Coming up
- Oct 20, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.78 a share, on Oct 15, 2025.148
When it reported results
- Jul 15, 2026Reported quarterly or annual results136
- Apr 21, 2026Reported quarterly or annual results139
- Jan 20, 2026Reported quarterly or annual results142
- Oct 15, 2025Reported quarterly or annual results143
- Jul 16, 2025Reported quarterly or annual results144
- Jul 9, 2025Reported quarterly or annual results145
- Apr 15, 2025Reported quarterly or annual results149
- Jan 21, 2025Reported quarterly or annual results150
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
506 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 315 insider forms, 18 large holders, 84 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 25, 2026144 EDGAR
- Aug 21, 20264 EDGAR
- Aug 14, 202613F-HR EDGAR
- Aug 14, 202613F-NT EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Aug 4, 2026144 EDGAR
- Aug 3, 2026144 EDGAR
- Jul 28, 2026144 EDGAR
- Jul 28, 2026144 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
- Jul 28, 20264 EDGAR
The 506 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Capital International InvestorsSCHEDULE 13G/A, 4 filings Feb 9, 2024 to May 14, 2026151
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026152
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 2026153
- PRIMECAP MANAGEMENT CO/CA/SCHEDULE 13G/A, 5 filings Feb 10, 2022 to Feb 11, 2026154
- FMR LLCSCHEDULE 13G, 1 filing Feb 5, 2026155
- BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Jan 29, 2024156
Stakes it holds
United Airlines has told the SEC it owns more than 5% of 4 companies, latest first (Schedules 13D and 13G).
- AZUL SASCHEDULE 13D Feb 27, 2026157
- Republic Airways HoldingsSCHEDULE 13D/A Jan 23, 2023 to Feb 5, 2026158
- Archer AviationSC 13G/A Feb 14, 2022159
- Clear SecureSC 13G/A Dec 27, 2021 to Feb 14, 2022160
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 22,436,107 | $3.1B | 0.0% | +1,544,993 |
| Vanguard Capital Management LLC | 21,008,797 | $2.9B | 0.1% | +22,851 |
| Fmr LLC | 19,473,813 | $2.6B | 0.1% | +2,453,195 |
| Primecap Management Co/ca/ | 16,461,630 | $2.2B | 1.3% | +711,020 |
| Sanders Capital, LLC | 15,027,948 | $2.0B | 2.0% | −176,603 |
| Vanguard Portfolio Management LLC | 14,162,813 | $1.9B | 0.1% | +94,974 |
| State Street Corp | 11,788,111 | $1.6B | 0.0% | +162,283 |
| Capital World Investors | 11,353,742 | $1.5B | 0.2% | +241,131 |
| Geode Capital Management, LLC | 9,536,361 | $1.3B | 0.1% | +232,232 |
| Capital International Investors | 6,247,343 | $849.6M | 0.2% | −191,232 |
| Dimensional Fund Advisors LP | 5,385,982 | $732.4M | 0.1% | −278,556 |
| Par Capital Management Inc | 5,359,741 | $728.9M | 18.1% | +362,891 |
| Boston Partners | 4,379,941 | $591.4M | 0.5% | +862,907 |
| Citadel Advisors LLC | 4,331,239 | $589.0M | 0.3% | +236,448 |
| Morgan Stanley | 4,048,901 | $550.6M | 0.0% | −436,812 |
| Jpmorgan Chase & Co | 3,620,362 | $489.4M | 0.0% | +1,438,545 |
| Invesco Ltd. | 3,481,627 | $473.5M | 0.0% | −442,560 |
| Goldman Sachs Group Inc | 3,445,226 | $468.5M | 0.0% | −1,319,106 |
| Slate Path Capital LP | 3,325,452 | $452.2M | 6.3% | +212,400 |
| Newport Trust Company, LLC | 3,141,879 | $427.3M | 1.0% | −78,011 |
| SRS Investment Management, LLC | 2,942,727 | $400.2M | 3.7% | +30,243 |
| Capital Research Global Investors | 2,859,344 | $388.8M | 0.1% | +1,560,682 |
| Aqr Capital Management LLC | 2,631,391 | $357.8M | 0.1% | −1,048,317 |
| Northern Trust Corp | 2,433,370 | $330.9M | 0.0% | −341 |
| Charles Schwab Investment Management Inc | 2,158,857 | $293.6M | 0.0% | +20,093 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Sale | $1,001 - $15,000 | +24.4% | Report |
| Dec 19, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −24.5% | Report |
| Apr 10, 2023 | Daniel S. GoldmanDemocratic, House | Buy | $1,001 - $15,000 | +46.5% | Report |
| Apr 10, 2023 | Daniel S. GoldmanDemocratic, House | Partial sale | $1,001 - $15,000 | −46.5% | Report |
| Jan 31, 2023 | Daniel S. GoldmanDemocratic, House | Buy | $1,001 - $15,000 | +17.1% | Report |
| Mar 17, 2020 | Josh GottheimerDemocratic, House | Buy | $15,001 - $50,000 | +25.0% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How United Airlines is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARUNITED AIRLINES, INC.2
- CIK0000319687
- Employer ID (EIN)36-267520718
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
- Incorporated inDelaware18
- Fiscal year endsDecember 312
- Industry code (SIC)4512 Air Transportation, Scheduled2
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
- Business address233 South Wacker Drive 11Th Fl Whqld, Chicago, IL 606062
- Phone872-825-40002
- Shares outstanding323,430,419 shares; 1,000 United Air Lines Inc shares as of Feb 5, 202618
- Public float$25.6B as of Jun 30, 202518
- AuditorErnst & Young LL, Chicago, Illinois PCAOB ID 42; it also attests to the company’s internal control over financial reporting18
- On EDGAR sinceFeb 14, 19942
- Filings1,997 in all: 8-K (776), 4 (176), 425 (130), 424B3 (110), SC 13G/A (110), 10-Q (96), FWP (61), SC 13D/A (59)2
All 53 form types
424B2 (54), SC 13G (45), CT ORDER (34), 10-K (32), POS AM (25), UPLOAD (22), 3 (19), S-3 (17), DEF 14A (16), S-4/A (16), S-8 (15), S-3/A (13), S-8 POS (13), 4/A (12), 8-K/A (12), SC 13D (12), 10-K/A (10), CORRESP (10), EFFECT (9), S-4 (9), 10-Q/A (8), 11-K (7), 8-A12B/A (7), ARS (7), DEFA14A (7), S-3ASR (7), 424B5 (6), 3/A (4), NO ACT (4), 13F-NT (3), 5 (3), 8-A12B (3), PRE 14A (3), 25-NSE (2), 424B1 (2), SC TO-I/A (2), 15-12B (1), 15-12G (1), DEFM14A (1), DEFR14A (1), DEFS14A (1), NT 10-K (1), POSASR (1), PRES14A (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Feb 12, 2026
Quarterly report (10-Q) Jul 16, 2026
Proxy statement (DEF 14A) Apr 23, 2010
Latest 8-K (8-K) Jul 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | UAL | The Nasdaq Stock Market LLC |
| Preferred Stock Purchase Rights |
From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks United Airlines names in Item 1A of its 10-K filed Feb 12, 2026: 32 risks under these headings, as written.18
- Any of the risks and uncertainties described below could significantly and negatively affect our business operations, financial condition, operating results (including components of our financial results), cash flows, prospects, reputation or credit ratings, which could cause the trading price of our common stock to decline significantly. Additional risks and uncertainties that are not presently known to us, or risks that we currently consider immaterial, could also impair our business operations, financial condition, operating results, cash flows, prospects, reputation or credit ratings.
- Strategic and Business Development Risks
- We may not be successful in executing elements of our strategic operating plan, which may have a material adverse impact on our business, financial results and market capitalization.
- Changes in the Company's network strategy over time or other factors outside of the Company's control may make aircraft on order less economical for the Company, result in costs related to modification or termination of aircraft orders or cause the Company to enter into orders for new aircraft on less favorable terms, and any inability to accept or integrate new aircraft into the Company's fleet as planned could increase costs or affect the Company's flight schedules.
- The failure to effectively manage acquisitions, divestitures, investments, joint ventures and other portfolio actions could adversely impact our operating results. In addition, any businesses or assets that we acquire in the future increase our exposure to unknown liabilities or other issues and also may underperform as compared to expectations.
- Business, Operational and Industry Risks
- The Company could experience adverse publicity, increased regulatory scrutiny, harm to its brand, reduced travel demand, potential tort liability and operational restrictions as a result of an accident, catastrophe or incident involving its aircraft or its operations or the aircraft or operations of another airline, which may result in a material adverse effect on the Company's business, operating results or financial condition.
- The global airline industry is highly competitive and susceptible to price discounting and changes in capacity, which could have a material adverse effect on our business, operating results and financial condition.
- Our MileagePlus loyalty program plays a significant role in our business, and unfavorable developments affecting the program could adversely affect our business and results of operations.
- Substantially all of the Company's aircraft, engines and certain parts are sourced from a limited number of suppliers; therefore, the Company would be materially and adversely affected if it were unable to obtain timely deliveries, additional equipment or support from any of these suppliers.
- Unfavorable economic and political conditions, in the United States and globally, may have a material adverse effect on our business, operating results and financial condition.
- The Company's business relies extensively on third-party service providers, including certain technology providers. Failure of these parties to perform as expected, or interruptions in the Company's relationships with these providers or their
The other 22 risks
- provision of services to the Company, could have a material adverse effect on the Company's business, operating results and financial condition.
- Extended interruptions or disruptions in service at major airports where we operate could have a material adverse impact on our operations, including our ability to operate our existing flight schedule and to expand or change our route network in the future, and space, facility and infrastructure constraints at our hubs or other airports may prevent the Company from maintaining existing service and/or implementing new service in a commercially viable manner.
- Geopolitical conflict, terrorist attacks or security events may adversely affect our business, financial condition and results of operations.
- Managing our reputation and brand image is critical to our business success and if our reputation or brand image is damaged, it could adversely affect our business or financial results.
- Disruptions to our regional network and United Express flights provided by third-party regional carriers could adversely affect our business, operating results and financial condition.
- Information Technology, Cybersecurity and Data Privacy Risks
- The Company relies heavily on technology and automated systems to operate its business and any significant failure or disruption of, or failure to effectively integrate and implement, these technologies or systems could materially harm its business or business strategy.
- Increasing privacy, data security and cybersecurity obligations or a significant data breach may adversely affect the Company's business.
- Increased use of social media platforms present risks and challenges.
- Human Capital Management Risks
- Union disputes, employee strikes or slowdowns and other labor-related disruptions as well as increased employee and retiree health, pension, labor and regulatory compliance costs could adversely affect the Company's business, operations and results of operations.
- If we are unable to recruit, hire, develop or retain skilled personnel, including our senior management team or other key employees, our business could be adversely affected.
- Regulatory, Tax, Litigation and Legal Compliance Risks
- The airline industry is subject to extensive government regulation, which imposes significant costs and may adversely impact our business, operating results and financial condition.
- Current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or agreement relating to these actions, could have a material adverse impact on the Company.
- We are subject to many forms of environmental regulation and liability as well as risks associated with climate change and may incur substantial costs as a result.
- Market, Liquidity, Accounting and Financial Risks
- High and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel could have a material adverse impact on the Company's strategic plans, operating results, financial condition and liquidity.
- The Company has a significant amount of financial leverage from fixed obligations and insufficient liquidity may have a material adverse effect on the Company's financial condition and business.
- Agreements governing our debt include financial and other covenants. Failure to comply with these covenants could result in events of default.
- The Company's ability to use its net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes may be significantly limited due to various circumstances, including certain possible future transactions involving the sale or issuance of UAL common stock, or if taxable income does not reach sufficient levels.
- The Company may never realize the full value of its intangible assets or its long-lived assets causing it to record impairments that may negatively affect its financial condition and operating results.
- The price of our common stock may fluctuate significantly.
- The Company's operating results fluctuate due to seasonality and other factors associated with the airline industry, many of which are beyond the Company's control.
- Increases in insurance costs or inadequate insurance coverage may materially and adversely impact our business, operating results and financial condition.
- We cannot guarantee that our share repurchase program will enhance long-term stockholder value.
Legal proceedings
The Company is involved, both as a plaintiff and a defendant, in various legal proceedings, including, without limitation, litigation, arbitration and other claims, and investigations, inspections, subpoenas, audits, inquiries and similar actions involving its passengers, customers, suppliers, employees and stockholders, as well as government agencies, among others, arising in the ordinary course of business and that have not been fully resolved. Legal proceedings, in general, and securities, class action and multi-district litigation, in particular, can be expensive and disruptive. Some of these suits may purport or may be determined to be class actions and/or involve parties seeking large and/or indeterminate amounts, including punitive or exemplary damages, and may remain unresolved for several years. Additionally, from time to time, the Company becomes aware of potential non-compliance with applicable environmental regulations, which have either been identified by the Company (through internal compliance programs such as its environmental compliance audits) or through notice from a governmental entity. In some instances, these matters could potentially become the subject of an administrative or judicial proceeding and could potentially involve monetary sanctions.
The opening of Item 3, Legal Proceedings.18
Links
- Websitewww.united.com1
- Websitewww.united.com1
- X (Twitter)x.com/united1
- Facebookwww.facebook.com/United1
- Instagramwww.instagram.com/united1
- YouTubewww.youtube.com/channel/UCmPCDirz9wCBghJLZ-HL3BQ1
- LinkedInwww.linkedin.com/company/united-airlines1
- WikipediaUnited Airlines
- More imagesWikimedia Commons
- WikidataQ174769
- SEC EDGARCIK 319687
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataUnited Airlines on Wikidata
- 2SEC EDGARUnited Airlines filings on SEC EDGAR
- 3WikipediaUnited Airlines on Wikipedia
- 4
- 5Yahoo FinanceUAL quote
- 6Wikimedia CommonsUnited Airlines logo by United Airlines, Inc., Public domain
- 7
- 8
- 9
- 10SEC EDGARUnited Airlines 10-K for fiscal 2025
- 11SEC EDGARUnited Airlines 10-K for fiscal 2019
- 12SEC EDGARUnited Airlines 10-K for fiscal 2020
- 13SEC EDGARUnited Airlines 10-K for fiscal 2021
- 14SEC EDGARUnited Airlines 10-K for fiscal 2022
- 15SEC EDGARUnited Airlines 10-Q for fiscal 2026
- 16SEC EDGARUnited Airlines 10-Q for fiscal 2026
- 17SEC EDGARUnited Airlines 10-K for fiscal 2019
- 18
- 19SEC EDGARBrett Hart, Chief executive officer
- 20Wikidata and SEC EDGARScott Kirby, Chief executive officer
- 21Wikidata and SEC EDGAROscar Munoz, Chief executive officer
- 22Wikidata and SEC EDGARJeff Smisek, Chief executive officer
- 23SEC EDGARJeff Smisek, Chief executive officer
- 24
- 25Wikidata and SEC EDGARGlenn Tilton, Chief executive officer
- 26SEC EDGAROscar Munoz, Chair
- 27SEC EDGARJeff Smisek, Chair
- 28SEC EDGARSara A. Fields, Chair
- 29SEC EDGARGlenn Tilton, Chair
- 30SEC EDGARBrett Hart, President
- 31SEC EDGAROscar Munoz, President
- 32SEC EDGARScott Kirby, President
- 33SEC EDGARJeff Smisek, President
- 34SEC EDGARJeff Smisek, President
- 35
- 36
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- 38SEC EDGARZane Rowe, Chief financial officer
- 39
- 40SEC EDGARZane Rowe, Chief financial officer
- 41
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- 46
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- 48
- 49
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- 51
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- 53SEC EDGARLinda Jojo, EVP and CIO
- 54SEC EDGARGregory L. Hart, SVP Operations
- 55
- 56
- 57
- 58
- 59
- 60
- 61
- 62
- 63
- 64
- 65
- 66SEC EDGARChris Kenny, VP & Controller
- 67
- 68SEC EDGARMark J. Moran, Executive VP
- 69SEC EDGARJames E. Compton, Exec VP
- 70
- 71
- 72
- 73
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- 75
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- 77
- 78
- 79SEC EDGARBrian Noyes, Board member
- 80SEC EDGARAnne Worster, Board member
- 81SEC EDGARRosalind Brewer, Board member
- 82SEC EDGARMichelle Freyre, Board member
- 83SEC EDGARGarth Thompson, Board member
- 84SEC EDGARMichael Jason Hamilton, Board member
- 85SEC EDGARLaysha Ward, Board member
- 86SEC EDGARRichard Johnsen, Board member
- 87SEC EDGARMatthew Friend, Board member
- 88SEC EDGARScott Kirby, Board member
- 89SEC EDGARMichele J. Hooper, Board member
- 90SEC EDGARSito Pantoja, Board member
- 91SEC EDGARTodd M. Insler, Board member
- 92SEC EDGARJames A. C. Kennedy, Board member
- 93SEC EDGARJim Whitehurst, Board member
- 94SEC EDGARRobert A. Milton, Board member
- 95SEC EDGAREdward Shapiro, Board member
- 96SEC EDGARBarney Harford, Board member
- 97SEC EDGAREdward M. Philip, Board member
- 98SEC EDGARRichard A. Delaney, Board member
- 99SEC EDGARWilliam Nuti, Board member
- 100SEC EDGARJames J. Heppner, Board member
- 101SEC EDGARWendy J. Morse, Board member
- 102SEC EDGARCarolyn Corvi, Board member
- 103SEC EDGARCharles Yamarone, Board member
- 104SEC EDGARGlenn Tilton, Board member
- 105SEC EDGARHenry L. Meyer Iii., Board member
- 106SEC EDGARKirbyjon H. Caldwell, Board member
- 107SEC EDGARL. E. Simmons, Board member
- 108SEC EDGAROscar Munoz, Board member
- 109SEC EDGARJane C. Garvey, Board member
- 110SEC EDGARL. E. Simmons, Board member
- 111SEC EDGARCarolyn Corvi, Board member
- 112SEC EDGARDavid J. Vitale, Board member
- 113SEC EDGARJanet Carrig, Board member
- 114SEC EDGARRichard J. Almeida, Board member
- 115SEC EDGARRobert D. Krebs, Board member
- 116SEC EDGARWalter Isaacson, Board member
- 117SEC EDGARThomas J. Barrack, Jr., Board member
- 118SEC EDGARCharles Yamarone, Board member
- 119
- 120SEC EDGARHenry L. Meyer Iii., Board member
- 121SEC EDGARKaren Hastie Williams, Board member
- 122SEC EDGARKirbyjon H. Caldwell, Board member
- 123SEC EDGAROscar Munoz, Board member
- 124SEC EDGARRonald B. Woodard, Board member
- 125SEC EDGARMary K. Bush, Board member
- 126SEC EDGARHazel R. Oleary, Board member
- 127SEC EDGARMark A. Bathurst, Board member
- 128SEC EDGARGeorge B. Weiksner Jr., Board member
- 129SEC EDGARW. James Farrell, Board member
- 130SEC EDGARPaul R. Whiteford Jr., Board member
- 131SEC EDGARJohn Walker, Board member
- 132SEC EDGARPaul E. Tierney, Board member
- 133SEC EDGARJames J. Oconnor, Board member
- 134SEC EDGARW. Douglas Ford, Board member
- 135SEC EDGARBrett Hart, General counsel
- 136
- 137SEC EDGARShareholder vote
- 138SEC EDGARRegulation FD disclosure
- 139
- 140
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- 146SEC EDGARShareholder vote
- 147SEC EDGARExecutive or director change
- 148NasdaqNasdaq calendar
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