United Airlines Holdings UAL
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
UAL among Industrials peers
Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.
What changed
6 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 27, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 10 checks found nothing to note
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Receivables +10.5% vs revenue +3.5% (+7.0 pts)
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Cash from operations $8.4B vs net income $3.4B (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Ernst & Young LLP
7 more checks with nothing to note
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Indefinite-lived Intangible Asset (China Route Authority) Impairment Analysis
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
6 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
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.
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Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
As discussed in Part I, Item 1. Business—Our Approach to Corporate Citizenship and Value Creation—Environmental Sustainability Strategy, the Company has made commitments to reduce its GHG emissions by 100% by 2050 and its carbon emission intensity by 50% by 2035 compared to 2019. The Company has incurred, and expects to continue to…
New risk paragraphs, against peers
Latest 10-K of each, Industrials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $45.0B | $53.7B | $57.1B | $59.1B |
| Net income | $737.0M | $2.6B | $3.1B | $3.4B |
| Operating cash flow | $6.1B | $6.9B | $9.4B | $8.4B |
| Free cash flow | $1.2B | −$260.0M | $3.8B | $2.6B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$59.1B ▲ 3.5% in FY2025$3.4B ▲ 6.5% in FY2025$2.6B ▼ 33.2% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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OfferingOct 21, 2026Shelf 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.
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10-QOct 21, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 20, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
About the company
United Airlines Holdings, Chicago, IL · from the 10-K filed Feb 12, 2026
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"). United's shared purpose is "Connecting People. Uniting the World." United has the most comprehensive route network among North American carriers, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C.
- Headquarters
- Chicago, IL
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Oct 20, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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