10-Q quarterly report · filed Jul 17, 2025

United Airlines Holdings (UAL) Q2 2025 10-Q Quarterly Report

Short answer

United Airlines Holdings (UAL) filed its Q2 2025 10-Q quarterly report on Jul 17, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $15.2B (up 1.7% year over year) with net income of $974M.

Q2 2025 key financials · XBRL

Revenue
$15.2B
+1.7% YoY · +15.3% QoQ
Net income
$974M
−26.4% YoY · +151.7% QoQ
Operating margin
8.7%
EPS (diluted)
$2.96
−25.6% YoY · +155.2% QoQ

Source: XBRL data from the United Airlines Holdings (UAL) Q2 2025 10-Q on SEC EDGAR. USD.

United Airlines Holdings Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Escalation of military conflicts causing airspace closures, such as suspension over Russian airspace due to Russia-Ukraine conflict impacting operations
  • Material update: Increase in special charges to $447M vs $36M prior year, driven by operational and compliance costs (Note 10 referenced)
  • Regulatory risk: FAA increased oversight and delays in 737 MAX 10 certification affecting fleet expansion and operational costs
  • Market risk: Passenger yield declined 3.2% YoY to 19.74 cents amid 4.1% passenger growth and 5.9% capacity increase, pressuring near-term revenues
  • Financial risk: Aircraft rent increased 67.2% ($27M) due to new leased aircraft, impacting operating expense and liquidity needs

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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