United Airlines Holdings (UAL) Q3 2025 10-Q Quarterly Report

Filed: Oct 16, 2025Period ending Sep 30, 2025
Industrials
Air Transportation, ScheduledSEC EDGAR

United Airlines Holdings (UAL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 16, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

United Airlines Holdings Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $15.23B Q3 2025, up 2.6% YoY from $14.84B Q3 2024, driven by 1.9% passenger revenue growth and 13.2% other revenue increase
  • Operating income $1.40B Q3 2025, down 10.8% YoY from $1.57B; operating margin 9.2% vs 10.5% YoY (calculated from revenue and operating income)
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Risk Factors

  • No material changes in risk factors since 2024 Form 10-K reported
  • Carried-forward risk: Exposure to volatile fuel prices impacting operating costs
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United Airlines Holdings Q3 2025 Quarterly Financials
XBRL

Revenue

$15.2B

+2.6% YoY -0.1% QoQ

Net Income

$948M

-1.8% YoY -2.7% QoQ

Net Margin

6.2%

-27bp YoY -17bp QoQ

Source: XBRL data from United Airlines Holdings Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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