United Airlines Holdings Inc
For the period ended Jun 30, 2024. Filed Jul 18, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 18, 2024
UAL$120.56+0.1%Stored close · as of Nov 10, 2026
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United Airlines Holdings, Inc.:
STATEMENTS OF CONSOLIDATED OPERATIONS (UNAUDITED)
(In millions, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating revenue: | ||||
| Passenger | $13,680 | $13,002 | $24,993 | $23,276 |
| Cargo | 414 | 362 | 805 | 760 |
| Other | 892 | 814 | 1,727 | 1,571 |
| Total operating revenue | 14,986 | 14,178 | 27,525 | 25,607 |
| Operating expense: | ||||
| Salaries and related costs | 4,098 | 3,710 | 8,030 | 7,032 |
| Aircraft fuel | 3,133 | 2,820 | 6,087 | 5,994 |
| Landing fees and other rent | 866 | 765 | 1,670 | 1,482 |
| Aircraft maintenance materials and outside repairs | 716 | 686 | 1,489 | 1,388 |
| Depreciation and amortization | 719 | 669 | 1,427 | 1,324 |
| Regional capacity purchase | 612 | 599 | 1,197 | 1,214 |
| Distribution expenses | 626 | 487 | 1,106 | 890 |
| Aircraft rent | 40 | 49 | 83 | 105 |
| Special charges | 36 | 859 | 49 | 873 |
| Other | 2,211 | 2,017 | 4,359 | 3,831 |
| Total operating expense | 13,057 | 12,661 | 25,497 | 24,133 |
| Operating income | 1,929 | 1,517 | 2,028 | 1,474 |
| Nonoperating income (expense): | ||||
| Interest expense | (427) | (493) | (881) | (979) |
| Interest income | 190 | 216 | 367 | 386 |
| Interest capitalized | 60 | 42 | 121 | 80 |
| Unrealized gains (losses) on investments, net | (33) | 84 | (70) | 108 |
| Miscellaneous, net | 20 | 21 | 10 | 62 |
| Total nonoperating expense, net | (190) | (130) | (453) | (343) |
| Income before income tax expense | 1,739 | 1,387 | 1,575 | 1,131 |
| Income tax expense | 416 | 312 | 376 | 250 |
| Net income | $1,323 | $1,075 | $1,199 | $881 |
| Earnings per share, basic | $4.02 | $3.28 | $3.65 | $2.69 |
| Earnings per share, diluted | $3.96 | $3.24 | $3.60 | $2.66 |
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