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United Airlines Holdings (UAL) Revenue by Segment

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Revenue by Segment

Breaks down revenue from different business areas, such as passenger and cargo, revealing diversification and growth opportunities.

$0.00$5.00B$10.00B$15.00BMar 21Jun 21Sep 21Dec 21Mar 22Jun 22Sep 22Dec 22Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Chart Insights

Passenger revenue has driven a full recovery and is now accelerating (notably into Q2 2026), signalling strong pricing power from premium and business demand that aligns with management’s double‑digit RASM thesis; however, near‑term capacity trims and sold inventory constrain volume upside even as they defend yields. “Other” (loyalty/ancillary) is a steady, growing margin buffer helping absorb fuel shocks, while Cargo is smaller and cyclically variable—helpful in pockets but insufficient to offset the recent jet‑fuel headwind alone.

UAL Revenue by Segment

DateOtherPassengerCargo
Sep 30, 2026$1.11B$16.24B$529.00M
Jun 30, 2026$1.04B$16.10B$527.00M
Mar 31, 2026$1.02B$13.17B$422.00M
Dec 31, 2025$981.00M$13.93B$490.00M
Sep 30, 2025$979.00M$13.81B$431.00M
Jun 30, 2025$970.00M$13.84B$430.00M
Mar 31, 2025$923.00M$11.86B$429.00M
Dec 31, 2024$899.00M$13.28B$521.00M
Sep 30, 2024$865.00M$13.56B$417.00M
Jun 30, 2024$892.00M$13.68B$414.00M
Mar 31, 2024$835.00M$11.31B$391.00M
Dec 31, 2023$803.00M$12.42B$402.00M
Sep 30, 2023$802.00M$13.35B$333.00M
Jun 30, 2023$814.00M$13.00B$362.00M
Mar 31, 2023$757.00M$10.27B$398.00M
Dec 31, 2022$726.00M$11.20B$472.00M
Sep 30, 2022$726.00M$11.65B$498.00M
Jun 30, 2022$709.00M$10.83B$574.00M
Mar 31, 2022$591.00M$6.35B$627.00M
Dec 31, 2021$726.00M$6.88B$727.00M
Sep 30, 2021$594.00M$6.64B$519.00M
Jun 30, 2021$499.00M$4.37B$606.00M
Mar 31, 2021$408.00M$2.32B$497.00M
Dec 31, 2020$442.00M$2.41B$560.00M
Sep 30, 2020$418.00M$1.65B$422.00M
Jun 30, 2020$392.00M$681.00M$402.00M
Mar 31, 2020$650.00M$7.07B$264.00M