United Airlines Holdings, Inc. (UAL)
SEC filings, insider trading & institutional ownership from EDGAR.
United Airlines Holdings, Inc. (UAL) is a holding company whose principal operating subsidiary is United Airlines, Inc., providing scheduled passenger and cargo air transportation across six continents, connecting people in North America to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The company operates a hub-and-spoke network anchored by U.S. mainland hubs in Chicago (ORD), Denver (DEN), Houston (IAH), Los Angeles (LAX), New York/Newark (EWR), San Francisco (SFO) and Washington, D.C. (IAD), plus a hub in Guam (GUM), and holds the most comprehensive route network among North American carriers. Its "United Next" fleet renewal strategy involves ordering and retrofitting over 700 new narrow-body and widebody aircraft (including Boeing 787-9s and Airbus A321neos) by 2033 to increase seating capacity, enhance premium offerings (United Polaris and Premium Plus cabins), improve fuel efficiency, and reduce per-seat carbon emissions.
Regional service, branded United Express and comprising about 6% of total capacity, is provided through capacity purchase agreements with regional carriers including CommuteAir, GoJet, Mesa, Republic and SkyWest, feeding traffic into United's hubs and smaller markets. United is a founding member of Star Alliance, the world's largest airline alliance, and maintains additional bilateral alliances and four passenger joint business arrangements (with Air Canada/Lufthansa Group, ANA, Air New Zealand, and Air Canada for transborder routes) as well as cargo joint ventures with ANA and Lufthansa, enabling expanded international network reach, codesharing, and reciprocal frequent flyer benefits. The company's MileagePlus loyalty program, supported by a co-branded credit card partnership with JPMorgan Chase, drives customer retention through mileage earning and redemption for flights, upgrades, merchandise, and other awards, with millions of award redemptions annually.
United also generates revenue from air cargo services for commercial shippers, freight forwarders, logistics firms and postal customers, as well as third-party business lines such as aircraft maintenance, ground handling, and flight training academy services. Its customer base includes leisure and business travelers, corporate accounts, and cargo shippers, distributed through direct channels (its website and mobile app), traditional and online travel agencies, and global distribution systems. The company competes domestically and internationally with other airlines and alternative transportation modes, with pricing and route decisions shaped by regulatory frameworks, bilateral aviation agreements, and competitive dynamics including low-cost carriers and foreign airlines.
United also emphasizes environmental, social and governance initiatives, including a commitment to net-zero greenhouse gas emissions by 2050 without reliance on carbon offsets, adoption of sustainable aviation fuel, fleet modernization for fuel efficiency, and safety culture programs under its Safety Management System.
AI-summarized from Item 1 (Business) of the company's most recent 10-K filing.
Financials
As reported to the SEC via XBRL, no adjustments
| Operating income | $4.71B |
| Diluted EPS | $10.20 |
| Net margin | 5.7% |
Revenue by region
FY2025 geographic segments • from the 10-K
Latest filings
10-K, 10-Q, 8-K, Form 4 & 13D/G. Sourced directly from SEC EDGAR
| Form | Filed |
|---|---|
| 4Nocella Andrew P | Aug 27, 2026 |
| 4SHAPIRO EDWARD | Aug 21, 2026 |
| 4Leskinen Michael D. | Aug 5, 2026 |
| 4Nocella Andrew P | Aug 5, 2026 |
| 4Enqvist Torbjorn J | Jul 29, 2026 |
| 4Nocella Andrew P | Jul 29, 2026 |
Insider trading
From Form 4 filings
| Insider | Date | Type |
|---|---|---|
| Nocella Andrew P | Aug 25, 2026 | Sell |
| SHAPIRO EDWARD | Aug 19, 2026 | Gift |
| Nocella Andrew P | Aug 4, 2026 | Sell |
| Leskinen Michael D. | Aug 3, 2026 | Sell |
| Gebo Kate | Jul 28, 2026 | Gift |
Top holders
13F & 13D/G • latest quarter
| Holder | Stake | Filed | Value |
|---|---|---|---|
| BlackRock, Inc. | 7.1% | Aug 7, 2026 | $3.12B |
| Vanguard Capital Management | 6.5% | Aug 13, 2026 | $2.86B |
| FMR LLC | 6.0% | Aug 13, 2026 | $2.65B |
| PRIMECAP MANAGEMENT CO/CA/ | 5.1% | Aug 14, 2026 | $2.24B |
| Vanguard Portfolio Management | 4.4% | Aug 13, 2026 | $1.93B |
Executive pay and the vote
From the FY2025 proxy statement (DEF 14A), filed Apr 7, 2026, and the annual meeting’s vote on May 19, 2026
Figures come from the company’s proxy statement, and the vote count from its 8-K.
The Summary Compensation Table for every named officer, the board with tenure and committees, and each proposal with its count, verified against the filings.
Sign up free →Latest 10-Q takeaways
filed Jul 16, 2026United reports strong revenue growth (+16% in Q2) and improved liquidity and credit ratings, but a sharp fuel price spike tied to Middle East conflicts compressed operating income by 17% in the quarter. The tone is factual and backward-looking, with a cautiously positive long-term outlook offset by substantial discussion of fuel volatility, leverage, and regulatory and geopolitical risks. Automated screens found no red flags in this filing.
Written by Scrutar's AI from UAL's SEC filings. Check anything you rely on against the filing. Not investment advice.
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Companies related to UAL
Peers identified from UAL's own SEC filings.
Data as of Oct 16, 2026Source: SEC EDGAR.