United Airlines Holdings (UAL) Operating Income (2009 - 2026)
United Airlines Holdings' Operating Income was $1.1 billion in Q2 2026, down 17.3% from $1.33 billion a year earlier but up 9.9% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, United Airlines Holdings' Operating Income was $4.87 billion through Jun 30, 2026, down 2.5% year-over-year; for FY2025, it came in at $4.71 billion, down 7.5% from FY2024.
- In earlier years, Operating Income was $5.1 billion in FY2024 (+21.0%), $4.21 billion in FY2023 (+80.2%), $2.34 billion in FY2022 and -$1.02 billion in FY2021.
- Quarterly Operating Income has moved between -$1.38 billion (Q1 2022) and $1.93 billion (Q2 2024) over five years.
- Compared with a year earlier, Operating Income was higher in three of the last eight quarters, with growth averaging 68.8%.
- The best year-over-year quarter for Operating Income over five years was Q1 2025 (growth of 513.1%); the worst was Q2 2025 (a decline of 31.3%).
- Per Business Quant data, UAL's Operating Income in the three quarters before Q2 2026 was $997 million (Q1 2026), $1.39 billion (Q4 2025) and $1.4 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 2.94 Bn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.57 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 1.06 Bn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 930.00 Mn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 1.15 Bn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 1.55 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 1.45 Bn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 465.30 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 1.45 Bn |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 668.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.45 Bn |
| Jun 30, 2026 | 1.10 Bn |
| Mar 31, 2026 | 997.00 Mn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.40 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 607.00 Mn |
| Dec 31, 2024 | 1.50 Bn |
| Sep 30, 2024 | 1.57 Bn |
| Jun 30, 2024 | 1.93 Bn |
| Mar 31, 2024 | 99.00 Mn |
| Dec 31, 2023 | 998.00 Mn |
| Sep 30, 2023 | 1.74 Bn |
| Jun 30, 2023 | 1.52 Bn |
| Mar 31, 2023 | -43.00 Mn |
| Dec 31, 2022 | 1.38 Bn |
| Sep 30, 2022 | 1.46 Bn |
| Jun 30, 2022 | 878.00 Mn |
| Mar 31, 2022 | -1.38 Bn |
| Dec 31, 2021 | -408.00 Mn |
API Access
United Airlines Holdings Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "UAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();