UALUnited Airlines Holdings

Industrials · Airlines · Nasdaq

United Airlines Holdings, Inc. (together with its consolidated subsidiaries, "UAL" or the "Company") is a holding company and its wholly-owned subsidiary is United Airlines, Inc. (together with its consolidated subsidiaries, "United"). 10-K, Item 1

Headquarters: Chicago, IL
CEO: J. Scott Kirby
Next results: around Jan 19, 2027

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Key numbers

Latest fiscal year, with ten years behind each

RevenueFY2016–25 $59.1B+3.5% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $3.4B+6.5% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.6B−33.2% FY2024: $3.8B 10-K FY2025 · XBRL Operating marginFY2016–25 8.0%−1.0 pts 11.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 12, 2026 against Feb 27, 2025

Area	What changed	Source
Risk factors	6 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	10 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-27. Quoted as filed.

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.
10-K, Item 1A

All 6 new paragraphs →

Accounting checks

latest 10-K

10 of 10 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +10.5% vs revenue +3.5% (+7.0 pts)
✓
Cash from operations $8.4B vs net income $3.4B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Indefinite-lived Intangible Asset (China Route Authority) Impairment Analysis
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 21, 2026Offering Shelf registration: shares and other securities, amount not fixed S-3ASR · may offer and sell, from time to time, securities held by them in such amounts as set forth in such prospectus supplement.
Oct 21, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 20, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01

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Work on UAL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/UAL/export.csv") into a cell.