Financial insights of UAL

MyFinsight

For the year ending 2025-12-31, UAL made $59,070M in revenue. $3,353M in net income. Net profit margin of 5.68%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total operating revenue	59,070	57,063	53,717	44,955
Salaries and related costs	17,647	16,678	14,787	11,466
Aircraft fuel	11,396	11,756	12,651	13,113
Landing fees and other rent	3,849	3,437	3,076	2,576
Aircraft maintenance materials and outside repairs	3,294	3,063	2,736	2,153
Depreciation and amortization	2,939	2,928	2,671	2,456
Regional capacity purchase	2,693	2,516	2,400	2,299
Distribution expenses	2,109	2,231	1,977	1,535
Aircraft rent	252	193	197	252
Special charges	259	112	949	140
Other operating expenses	9,919	9,053	8,062	6,628
Total operating expense	54,356	51,967	49,506	42,618
Operating income	4,713	5,096	4,211	2,337
Interest expense	1,373	1,629	1,956	1,778
Interest income	611	726	827	298
Interest capitalized	206	227	182	105
Unrealized gains (losses) on investments, net	4	-199	27	20
Miscellaneous, net	144	-53	96	8
Total nonoperating expense, net	-408	-928	-824	-1,347
Income before income taxes	4,306	4,168	3,387	990
Total income tax expense	953	1,019	769	253
Net income	3,353	3,149	2,618	737

Basic weighted-average shares outstanding (in shares)	324,900,000	328,600,000	327,800,000	326,400,000
Diluted weighted-average shares outstanding (in shares)	328,500,000	333,200,000	331,900,000	330,100,000
Earnings per share, basic (in dollars per share)	10.32	9.58	7.98	2.26
Earnings per share, diluted (in dollars per share)	10.2	9.45	7.89	2.23