United Airlines Holdings (UAL) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased compared with the prior quarter. Revenue increased compared with the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased compared with the prior quarter. Revenue increased compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.5B
Revenue reported for this quarter.
Quarter-over-quarter
-8.0%
Change from the immediately preceding quarter.
Year-over-year
+9.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$54.8B
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 |
|---|---|---|
| Jun 30, 2023 | $14.2B | +17.1% |
| Sep 30, 2023 | $14.5B | +12.5% |
| Dec 31, 2023 | $13.6B | +9.9% |
| Mar 31, 2024 | $12.5B | +9.7% |
Revenue performance
Total operating revenue fell from the immediately preceding quarter. The decrease was driven by a decline in passenger revenue, while cargo and other revenue also contributed to the downward move.
Quarterly comparison
Compared with the same quarter last year, revenue was higher, with passenger revenue showing notable growth and other revenue categories also increasing. The sequential decline reflects a typical seasonal pattern after the year-end period.
What to watch
Monitor whether the sequential decline in revenue persists in the upcoming quarter or stabilizes.