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This statistic highlights United Airlines Holdings’ Revenue by Segment, split across Cargo, Passenger and Others segments, reported on a quarterly basis from Q1 2016 onwards.
|Revenue by segment||Q3 2020||Q2 2021||Q3 2021||Revenue mix by segment in Q3 2021|
(All figures are in millions, except percentages)
United Airlines Holdings’ total revenue by segment increased from $2,489 million in Q3 2020 to $7,750 million in Q3 2021, marking a huge growth of 211%, on a year-on-year basis. It grew from $5,471 million in Q2 2021 to $7750 million in Q3 202, i.e., a growth of 41.65% on a quarter-on-quarter basis.
United Airlines Holdings revenue is further bifurcated into 3 segments namely: Cargo, Passenger, and Others.
United Airlines Holdings provides regional and international transport of Cargo. Revenue from the cargo segment is generated by the mail and shipment services. Due to the coronavirus pandemic, the company initiated only-cargo flights in 2020.
The revenue from the Cargo segment was approximately 7% of the total revenue in the latest quarter. The revenue increased by $97 million, i.e., by 22.98% between Q3 2020 and Q3 2021. Revenue from this segment fell between Q2 2021 and Q3 2021 from $606 million to $519 million respectively, marking a decline of 14.35% on a quarter-on-quarter basis.
United Airlines Holdings passenger segment includes revenue from sales of tickets for passengers. This segment also comprises revenue realized from baggage fees, inflight-facilities fees, change of ticket fees, etc.
The revenue from the passenger segment occupied 85.63% of the total revenue in Q3 2021. It rose drastically by $4,988 million between Q3 2020 and Q3 2021, which makes it 302% growth on yearly basis. It also increased from $4,366 million in Q2 2021 to $6,637 million in Q3 2021, i.e., by 52.01% on a quarter-on-quarter basis.
United Airlines Holdings categorizes the ‘Other’ revenue segment as revenue spawned by catering services, ground handling, maintenance aids, etc.
Revenue from the Others segment accounts for 7.66% of the total revenue from all segments. It increased continuously between Q3 2020 and Q3 2021. It rose from $418 million in Q3 2020 and $594 million in Q3 2021, i.e., by 42.10% in a year. It also increased between Q2 2021 and Q3 2021 by $95 million, i.e., making a quarterly growth of approximately 19%.
About United Airlines Holdings:
United Airlines Holdings is an airline holding company founded on 30 December 1968 in Chicago in The United States of America. The main aim of United Airlines Holdings is “Connecting people, Uniting the world”.
It is a holding company, which extends space stations based on Wi-Fi, which includes long-distance abroad avenues. It fetches cargo and passengers throughout North America and to south countries. The company has statutory connections with different transports to provide regional flight service stamped as United Express. It was previously known as United Continental Holdings, when the company agreed t0 change its name to United Airlines Holdings in May 2010. It is traded on the NASDAQ under the ticker UAL.
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