Company profile

J. Scott Kirby
Incorporated in
Fiscal year end
Former names
Continental Airlines Inc, Continental Airlines, Inc.
IRS number

UAL stock data



4 May 20
8 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 7.98B 10.89B 11.38B 11.4B
Net income -1.7B 641M 1.02B 1.05B
Diluted EPS -6.86 2.53 3.99 4.02
Net profit margin -21.36% 5.89% 9.00% 9.23%
Operating income -972M 861M 1.47B 1.47B
Net change in cash 680M -197M -262M 1.37B
Cash on hand 3.44B 2.76B 2.96B 3.22B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 43.26B 41.3B 37.74B 36.56B
Net income 3.01B 2.12B 2.14B 2.23B
Diluted EPS 11.58 7.67 7.06 6.76
Net profit margin 6.96% 5.14% 5.68% 6.11%
Operating income 4.3B 3.23B 3.62B 4.34B
Net change in cash 1.07B 212M -697M -827M
Cash on hand 2.76B 1.69B 1.48B 2.18B

Financial data from company earnings reports

Financial report summary

  • The Company has a significant amount of financial leverage from fixed obligations and intends to seek material amounts of additional financial liquidity in the short-term, and insufficient liquidity may have a material adverse effect on the Company's financial condition and business.
  • COVID-19 has materially disrupted our strategic operating plans in the near-term, and there are risks to our business, operating results and financial condition associated with executing our strategic operating plans in the long-term.
  • The mandatory grounding of the Boeing 737 MAX aircraft may have a material adverse effect on our business, operating results and financial condition.
  • 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.
  • Our significant investments in other airlines, including in other parts of the world, and the commercial relationships that we have with those carriers may not produce the returns or results we expect.
Management Discussion
  • United Airlines Holdings, Inc. (together with its consolidated subsidiaries, "UAL" or the "Company") is a holding company and its principal, wholly-owned subsidiary is United Airlines, Inc. (together with its consolidated subsidiaries, "United"). This Quarterly Report on Form 10-Q is a combined report of UAL and United including their respective consolidated financial statements. As UAL consolidates United for financial statement purposes, disclosures that relate to activities of United also apply to UAL, unless otherwise noted. United's operating revenues and operating expenses comprise nearly 100% of UAL's revenues and operating expenses. In addition, United comprises approximately the entire balance of UAL's assets, liabilities and operating cash flows. When appropriate, UAL and United are named specifically for their individual contractual obligations and related disclosures and any significant differences between the operations and results of UAL and United are separately disclosed and explained. We sometimes use the words "we," "our," "us," and the "Company" in this report for disclosures that relate to all of UAL and United.
  • The Company transports people and cargo through its mainline operations, which utilize jet aircraft with at least 126 seats, and regional operations, which utilize smaller aircraft that are operated under contract by United Express carriers. The Company serves virtually every major market around the world, either directly or through participation in Star Alliance®, the world's largest airline alliance.
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