United Airlines Holdings (UAL) Revenue — Quarter Ended Jun 30, 2024
Revenue in the latest quarter rose compared to both the prior quarter and the same period a year ago, driven by higher passenger and cargo revenue. The company continued to benefit from strong travel demand.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue in the latest quarter rose compared to both the prior quarter and the same period a year ago, driven by higher passenger and cargo revenue. The company continued to benefit from strong travel demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15B
Revenue reported for this quarter.
Quarter-over-quarter
+19.5%
Change from the immediately preceding quarter.
Year-over-year
+5.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$55.6B
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, 2023 | $14.5B | +12.5% |
| Dec 31, 2023 | $13.6B | +9.9% |
| Mar 31, 2024 | $12.5B | +9.7% |
| Jun 30, 2024 | $15B | +5.7% |
Revenue performance
Operating revenue increased mainly due to gains in passenger and other segments.
Quarterly comparison
Sequentially, revenue grew from the prior quarter. On a year-over-year basis, revenue also improved.
What to watch
The rise in operating expenses may warrant attention as the company balances growth with cost control.