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UNITED AIRLINES, INC.

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

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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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

Fleet. As of December 31, 2025, United's mainline and regional fleets consisted of the following:

Aircraft Type · Total · Owned · Leased · Seats in Standard Configuration · Average Age(In Years)
Mainline:
777-300ER2222—3508.0
777-200ER55541276-36225.8
777-2001919—36428.5
787-102121—3185.2
787-94848—2576.7
787-81212—24312.5
767-400ER1616—23124.3
767-300ER3737—167-20329.8
757-3002121—23423.3
757-2004039117628.9
737 MAX 912076441792.9
737 MAX 8123107161662.4
737-900ER136136—17913.0
737-9001212—17924.3
737-8001411301116621.8
737-7004038212626.8
A321neo595182000.9
A320-2006868—15025.7
A319-10076512512623.9
Total mainline1,06695810815.3
Aircraft TypeTotalOwnedOwned or Leased by Regional CarrierRegional Carrier OperatorNumber of AircraftSeats in Standard Configuration
Regional:
E175241117124SkyWestMesaRepublic119606270/76
E1704—4Republic470
CRJ70010—10SkyWest1070
CRJ550802060GoJetSkyWest542650
CRJ20030—30SkyWest3050
ERJ145XR5959—CommuteAir5950
Total regional424196228

In addition to the aircraft presented in the table above, United owned the following regional aircraft as of December 31, 2025:

29 ERJ145XRs that are temporarily grounded; and

Two CRJ700s awaiting conversion to CRJ550s.

Firm Order and Option Aircraft. As of December 31, 2025, United had firm commitments to purchase aircraft from Boeing and Airbus presented in the table below:

Contractual Aircraft Deliveries · Expected Aircraft Deliveries (b)
Aircraft TypeNumber of Firm Commitments (a)20262027After 202720262027After 2027
787150489932026104
737 MAX 9103103——7627—
737 MAX 10167344120—21146
A321neo119181100163100
A321XLR508261681626
A35045——45———
(a) United also has options and purchase rights for additional aircraft.
(b) Expected aircraft deliveries reflect adjustments communicated by Boeing and Airbus or estimated by United.

The aircraft listed in the table above are scheduled for delivery through 2034. The amount and timing of the Company's future capital commitments could change to the extent that: (i) the Company and the aircraft manufacturers, with whom the Company has existing orders for new aircraft, agree to modify (or further modify) the contracts governing those orders; (ii) rights are exercised pursuant to the relevant agreements to cancel deliveries or modify the timing of deliveries; or (iii) the aircraft manufacturers are unable to deliver in accordance with the terms of those orders.

See Note 12 to the financial statements included in Part II, Item 8 of this report for additional information.

Facilities. United has major terminal facility leases at SFO, IAD, ORD, LAX, DEN, EWR, IAH and GUM. United leases gates, hangar sites, terminal buildings and other airport facilities in the municipalities it serves with lease expiration dates ranging from 2026 through 2057. Substantially all of these facilities are leased on a net-rental basis, resulting in the Company having financial responsibility for maintenance, insurance and other facility-related expenses and services.

United also maintains administrative, catering, cargo, training, maintenance and other facilities to support its operations in the cities it serves. United's leases for its principal executive office and operations center in downtown Chicago and administrative offices in downtown Houston expire from 2029 through 2033.

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