United Airlines Holdings annual operating expenses
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United Airlines Holdings Operating Expenses Growth & History (UAL)
United Airlines Holdings's operating expenses was $54.36B for fiscal 2025.
View full United Airlines Holdings company overviewUnited Airlines Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $54.36B | $2.39B | +4.60% |
| 2024 | 2024-12-31 | $51.97B | $2.46B | +4.97% |
| 2023 | 2023-12-31 | $49.51B | $6.89B | +16.16% |
| 2022 | 2022-12-31 | $42.62B | $16.96B | +66.11% |
| 2021 | 2021-12-31 | $25.66B | $3.94B | +18.15% |
| 2020 | 2020-12-31 | $21.71B | −$17.24B | −44.26% |
| 2019 | 2019-12-31 | $38.96B | $884.0M | +2.32% |
| 2018 | 2018-12-31 | $38.07B | $3.91B | +11.44% |
| 2017 | 2017-12-31 | $34.17B | $1.95B | +6.06% |
| 2016 | 2016-12-31 | $32.21B | −$484.0M | −1.48% |
| 2015 | 2015-12-31 | $32.70B | −$3.83B | −10.49% |
| 2014 | 2014-12-31 | $36.53B | −$502.0M | −1.36% |
| 2013 | 2013-12-31 | $37.03B | −$83.0M | −0.22% |
| 2012 | 2012-12-31 | $37.11B | $1.82B | +5.17% |
| 2011 | 2011-12-31 | $35.29B | $12.94B | +57.90% |
| 2010 | 2010-12-31 | $22.35B | $5.85B | +35.48% |
| 2009 | 2009-12-31 | $16.50B | −$8.14B | −33.03% |
| 2008 | 2008-12-31 | $24.63B | — | — |
United Airlines Holdings quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.58B | $2.67B | +19.16% |
| Q1 2026 | 2026-03-31 | $13.61B | $1.01B | +7.98% |
| Q4 2025 | 2025-12-31 | $14.01B | $818.0M | +6.20% |
| Q3 2025 | 2025-09-30 | $13.83B | $552.0M | +4.16% |
| Q2 2025 | 2025-06-30 | $13.91B | $854.0M | +6.54% |
| Q1 2025 | 2025-03-31 | $12.61B | $165.0M | +1.33% |
| Q4 2024 | 2024-12-31 | $13.19B | $564.0M | +4.47% |
| Q3 2024 | 2024-09-30 | $13.28B | $533.0M | +4.18% |
| Q2 2024 | 2024-06-30 | $13.06B | $396.0M | +3.13% |
| Q1 2024 | 2024-03-31 | $12.44B | $968.0M | +8.44% |
| Q4 2023 | 2023-12-31 | $12.63B | $1.60B | +14.56% |
| Q3 2023 | 2023-09-30 | $12.74B | $1.33B | +11.61% |
| Q2 2023 | 2023-06-30 | $12.66B | $1.43B | +12.70% |
| Q1 2023 | 2023-03-31 | $11.47B | $2.53B | +28.29% |
| Q4 2022 | 2022-12-31 | $11.02B | $2.42B | +28.17% |
| Q3 2022 | 2022-09-30 | $11.42B | $4.71B | +70.10% |
| Q2 2022 | 2022-06-30 | $11.23B | $5.49B | +95.68% |
| Q1 2022 | 2022-03-31 | $8.94B | $4.34B | +94.31% |
| Q4 2021 | 2021-12-31 | $8.60B | $3.05B | +55.04% |
| Q3 2021 | 2021-09-30 | $6.71B | $2.61B | +63.57% |
| Q2 2021 | 2021-06-30 | $5.74B | $2.63B | +84.48% |
| Q1 2021 | 2021-03-31 | $4.60B | −$4.35B | −48.59% |
| Q4 2020 | 2020-12-31 | $5.55B | −$4.48B | −44.68% |
| Q3 2020 | 2020-09-30 | $4.10B | −$5.80B | −58.57% |
| Q2 2020 | 2020-06-30 | $3.11B | −$6.82B | −68.66% |
| Q1 2020 | 2020-03-31 | $8.95B | −$143.0M | −1.57% |
| Q4 2019 | 2019-12-31 | $10.03B | $171.0M | +1.73% |
| Q3 2019 | 2019-09-30 | $9.91B | $91.0M | +0.93% |
| Q2 2019 | 2019-06-30 | $9.93B | $298.0M | +3.09% |
| Q1 2019 | 2019-03-31 | $9.09B | $324.0M | +3.69% |
| Q4 2018 | 2018-12-31 | $9.86B | $1.13B | +12.92% |
| Q3 2018 | 2018-09-30 | $9.82B | $1.05B | +12.04% |
| Q2 2018 | 2018-06-30 | $9.63B | $1.06B | +12.38% |
| Q1 2018 | 2018-03-31 | $8.77B | $664.0M | +8.19% |
| Q4 2017 | 2017-12-31 | $8.73B | $685.0M | +8.52% |
| Q3 2017 | 2017-09-30 | $8.76B | $472.0M | +5.69% |
| Q2 2017 | 2017-06-30 | $8.57B | $235.0M | +2.82% |
| Q1 2017 | 2017-03-31 | $8.11B | $560.0M | +7.42% |
| Q4 2016 | 2016-12-31 | $8.04B | $88.0M | +1.11% |
| Q3 2016 | 2016-09-30 | $8.29B | −$118.0M | −1.40% |
| Q2 2016 | 2016-06-30 | $8.34B | −$133.0M | −1.57% |
| Q1 2016 | 2016-03-31 | $7.55B | −$321.0M | −4.08% |
| Q4 2015 | 2015-12-31 | $7.96B | −$733.0M | −8.44% |
| Q3 2015 | 2015-09-30 | $8.41B | −$965.0M | −10.30% |
| Q2 2015 | 2015-06-30 | $8.47B | −$954.0M | −10.12% |
| Q1 2015 | 2015-03-31 | $7.87B | −$1.18B | −13.02% |
| Q4 2014 | 2014-12-31 | $8.69B | −$406.0M | −4.46% |
| Q3 2014 | 2014-09-30 | $9.37B | −$348.0M | −3.58% |
| Q2 2014 | 2014-06-30 | $9.42B | $192.0M | +2.08% |
| Q1 2014 | 2014-03-31 | $9.04B | $60.0M | +0.67% |
| Q4 2013 | 2013-12-31 | $9.09B | −$73.0M | −0.80% |
| Q3 2013 | 2013-09-30 | $9.72B | $11.0M | +0.11% |
| Q2 2013 | 2013-06-30 | $9.23B | −$133.0M | −1.42% |
| Q1 2013 | 2013-03-31 | $8.98B | $112.0M | +1.26% |
| Q4 2012 | 2012-12-31 | $9.17B | $284.0M | +3.20% |
| Q3 2012 | 2012-09-30 | $9.71B | $473.0M | +5.12% |
| Q2 2012 | 2012-06-30 | $9.36B | $363.0M | +4.03% |
| Q1 2012 | 2012-03-31 | $8.87B | $705.0M | +8.63% |
| Q4 2011 | 2011-12-31 | $8.88B | $295.0M | +3.44% |
| Q3 2011 | 2011-09-30 | $9.24B | $4.36B | +89.42% |
| Q2 2011 | 2011-06-30 | $9.00B | $4.28B | +90.70% |
| Q1 2011 | 2011-03-31 | $8.17B | $4.00B | +96.11% |
| Q4 2010 | 2010-12-31 | $8.59B | — | — |
| Q3 2010 | 2010-09-30 | $4.88B | $531.0M | +12.22% |
| Q2 2010 | 2010-06-30 | $4.72B | $809.0M | +20.69% |
| Q1 2010 | 2010-03-31 | $4.17B | — | — |
| Q3 2009 | 2009-09-30 | $4.34B | — | — |
| Q2 2009 | 2009-06-30 | $3.91B | — | — |
United Airlines Holdings operating expenses trends
Over the last five fiscal years, United Airlines Holdings's operating expenses increased from $21.71B to $54.36B, a change of $32.64B. The latest reported quarter, Q2 2026, shows $16.58B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review United Airlines Holdings source filings ↗