United Airlines Holdings (UAL) Revenue — Quarter Ended Dec 31, 2025
United Airlines reported revenue growth for the quarter, with increases compared to both the prior quarter and the same period last year. The company's revenue trend has been steadily rising throughout the fiscal year.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
United Airlines reported revenue growth for the quarter, with increases compared to both the prior quarter and the same period last year. The company's revenue trend has been steadily rising throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$59.1B
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 |
|---|---|---|
| Mar 31, 2025 | $13.2B | +5.4% |
| Jun 30, 2025 | $15.2B | +1.7% |
| Sep 30, 2025 | $15.2B | +2.6% |
| Dec 31, 2025 | $15.4B | +4.8% |
Revenue performance
Revenue for the quarter increased from the preceding quarter, continuing the upward trajectory seen earlier in the fiscal year. The year-over-year comparison also showed a positive gain.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, though the pace of sequential growth moderated slightly. Versus the same quarter one year earlier, revenue was higher, reflecting sustained demand.
What to watch
The company highlighted its strong liquidity position and share repurchase program, which may support future capital allocation decisions.