United Airlines Holdings (UAL) Revenue — Quarter Ended Jun 30, 2025
Revenue for the quarter increased compared to both the prior quarter and the same period a year ago. The company's liquidity position was highlighted with substantial cash and short-term investments, and a significant debt prepayment occurred shortly after the quarter end.
Key takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue for the quarter increased compared to both the prior quarter and the same period a year ago. The company's liquidity position was highlighted with substantial cash and short-term investments, and a significant debt prepayment occurred shortly after the quarter end.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.2B
Revenue reported for this quarter.
Quarter-over-quarter
+15.3%
Change from the immediately preceding quarter.
Year-over-year
+1.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$58B
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, 2024 | $14.8B | +2.5% |
| Dec 31, 2024 | $14.7B | +7.8% |
| Mar 31, 2025 | $13.2B | +5.4% |
| Jun 30, 2025 | $15.2B | +1.7% |
Revenue performance
Total operating revenue rose in the current quarter, with increases in passenger, cargo, and other operating revenue.
Quarterly comparison
Sequentially, revenue increased from the immediately preceding quarter. Year-over-year, revenue also grew compared to the same quarter one year earlier.
What to watch
The voluntary prepayment of the MileagePlus senior secured notes in July 2025 is a notable post-quarter event.