UNITED AIRLINES, INC.
For the period ended Oct 20, 2026. Filed Oct 20, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 20, 2026 · Filed Oct 20, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · NOTES (UNAUDITED)
NOTES (UNAUDITED)
Special charges (credits) and unrealized (gains) losses on investments, net include the following:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in millions) | 2026 | 2025 | 2026 | 2025 |
| Operating: | ||||
| Labor contract ratification bonuses | $(2) | $— | $182 | $561 |
| (Gains) losses on sale of assets and other special charges | (213) | (73) | (931) | (295) |
| Total operating special charges (credits) | (215) | (73) | (749) | 266 |
| Nonoperating: | ||||
| Nonoperating unrealized (gains) losses on investments, net | 13 | 13 | (13) | 8 |
| Nonoperating debt extinguishment and modification fees | — | 20 | 6 | 20 |
| Total nonoperating special charges and unrealized (gains) losses on investments, net | 13 | 33 | (8) | 28 |
| Total operating and nonoperating special charges (credits) and unrealized (gains) losses on investments, net | (202) | (40) | (757) | 295 |
| Income tax expense (benefit), net of valuation allowance | 6 | — | 95 | (127) |
| Total operating and nonoperating special charges (credits) and unrealized (gains) losses on investments, net of income taxes | $(197) | $(40) | $(662) | $168 |
During the nine months ended September 30, 2026, the company recorded $182 million of expense associated with the recently ratified agreements with the company's flight attendants represented by the Association of Flight Attendants ("AFA") and the company's fleet technical instructors, storekeepers, maintenance instructors and security officers represented by the International Association of Machinists and Aerospace Workers. During the nine months ended September 30, 2025, the company recorded a $561 million special charge in connection with the then-existing tentative agreement with its flight attendants represented by the AFA.
During the three and nine months ended September 30, 2026, the company recorded $213 million and $931 million, respectively, of net gains on sale of assets and other special charges, which were primarily comprised of $294 million and $1.1 billion, respectively, of gains on various aircraft sale-leaseback transactions. During the three and nine months ended September 30, 2025, the company recorded $73 million and $295 million, respectively, of net gains on sale of assets and other special charges, which were primarily comprised of $75 million and $336 million, respectively, of gains on various aircraft sale-leaseback transactions.
The company's effective tax rates were as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Effective tax rate | 21.5% | 24.4% | 21.0% | 22.5% |
The provision for income taxes is based on the estimated annual effective tax rate, which represents a blend of federal, state and foreign taxes and includes the impact of certain nondeductible items. The decrease in the effective tax rates in the three and nine months ended September 30, 2026, as compared to the same period in 2025, was primarily due to a release of valuation allowance related to realized capital gains.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.