UNITED AIRLINES, INC.

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

UAL$120.38+6.8%Stored close · as of Nov 9, 2026

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Contents

Financial Statements and Supplementary Data

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

	Page
Report of Independent Registered Public Accounting Firm (PCAOB ID: 42)	52
United Airlines Holdings, Inc.:
Statements of Consolidated Operations	56
Statements of Consolidated Comprehensive Income (Loss)	57
Consolidated Balance Sheets	58
Statements of Consolidated Cash Flows	59
Statement of Consolidated Stockholders' Equity	60
United Airlines, Inc.:
Statements of Consolidated Operations	61
Statements of Consolidated Comprehensive Income (Loss)	62
Consolidated Balance Sheets	63
Statements of Consolidated Cash Flows	64
Statement of Consolidated Stockholder's Equity	65
Combined Notes to Consolidated Financial Statements	66
Note 1 - Basis of Presentation and Significant Accounting Policies	66
Note 2 - Revenue Recognition	70
Note 3 - Common Stockholders' Equity and Preferred Securities	73
Note 4 - Earnings Per Share	74
Note 5 - Share-Based Compensation Plans	74
Note 6 - Accumulated Other Comprehensive Income (Loss) ("AOCI")	76
Note 7 - Income Taxes	76
Note 8 - Pension, Postretirement and Other Employee Benefit Plans	78
Note 9 - Fair Value Measurements, Investments and Notes Receivable	84
Note 10 - Debt	86
Note 11 - Leases	87
Note 12 - Commitments, Contingencies and Guarantees	90
Note 13 - Special Charges (Credits)	92

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.