United Airlines Holdings (UAL) Revenue — Quarter Ended Jun 30, 2023
Reported revenue for the quarter was up compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential increase reflects continued growth in passenger and other operating revenue.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Reported revenue for the quarter was up compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential increase reflects continued growth in passenger and other operating revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.2B
Revenue reported for this quarter.
Quarter-over-quarter
+24.1%
Change from the immediately preceding quarter.
Year-over-year
+17.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$50.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $12.9B | +66.2% |
| Dec 31, 2022 | $12.4B | +51.4% |
| Mar 31, 2023 | $11.4B | +51.1% |
| Jun 30, 2023 | $14.2B | +17.1% |
Revenue performance
Revenue for the quarter rose from the prior quarter, driven by increases in passenger revenue and other operating revenue, while cargo revenue declined.
Quarterly comparison
Compared with the same quarter one year earlier, total operating revenue also increased, with passenger revenue and other operating revenue higher, partially offset by lower cargo revenue. The sequential improvement from the prior quarter was supported by higher passenger revenue.
What to watch
Monitor the trajectory of cargo revenue, which declined both sequentially and year over year.