United Airlines Holdings recorded net income of $1.0 billion for Q2 2025, compared with $1.3 billion for Q2 2024. Net income for the first six months of the year was $1.4 billion, compared with $1.2 billion in the year-ago period.

1. 01

   United Airlines Holdings recorded net income of $1.0 billion for Q2 2025, compared with $1.3 billion for Q2 2024. Net income for the first six months of the year was $1.4 billion, compared with $1.2 billion in the year-ago period.

2. 02

   The company said passenger revenue for Q2 2025 increased $0.2 billion, or 1.1%, compared with the year-ago period, citing a 5.9% increase in capacity and a 4.1% increase in the number of passengers as primary factors, partially offset by a 3.2% decrease in yield.

3. 03

   The company said aircraft fuel expense for Q2 2025 decreased $0.4 billion, or 11.4%, compared with the year-ago period, citing a lower average price per gallon of fuel, partially offset by increased consumption from increased flying activity.

4. 04

   As of June 30, 2025, the company held $15.6 billion in unrestricted cash, cash equivalents and short-term investments. On July 7, 2025, it said it fully prepaid the outstanding principal balance of $1.52 billion of the MileagePlus Notes as of June 30.

Key figures

Quarter ended June 30, 2025

Revenue

$15.2B

Operating income

$1.3B

Net income

$973M

EPS

$2.97

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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