United Airlines Holdings (UAL)
Industrials · Full-service airline carrier
United Airlines operates North America's most comprehensive hub-and-spoke network, monetizing passenger revenue, cargo services, and loyalty programs while modernizing its fleet with over 630 new aircraft through 2034.
What United Airlines Holdings does
United Airlines Holdings operates a comprehensive air transportation network connecting passengers and cargo across North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company maintains seven U.S. mainland hubs (Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington D.C.) plus service to Guam, organizing operations through a hub-and-spoke model. The company generates revenue through passenger transportation, cargo operations, and ancillary services including seat upgrades, frequent flyer programs, and media advertising through its Kinective Media platform.
Themes: ["aviation/airlines","North American hub operations","passenger revenue","cargo logistics","frequent flyer loyalty programs","aircraft fleet modernization","connectivity/Wi-Fi services","premium cabin products","international expansion"]
Fundamentals
- Price$126.22 as of 2026-07-08 close
- Market cap$40.9B as of 2026-07-09
- 1-year return+55.4% as of 2026-07-08 close
- P/E11.18 as of 2026-07-09
- Net margin+6.1% as of 2026-07-09
- Gross margin+63.5% as of 2026-07-09
- ROE+24.9% as of 2026-07-09
- Debt / equity1.52 as of 2026-07-09
- Revenue growth (YoY)+4.7% as of 2026-07-09
- Revenue CAGR (3y)+9.5% SEC XBRL
- Beta1.31 as of 2026-07-09
Key risks (from latest filing)
["Exposure to volatile aircraft fuel costs (fuel represented $3,041M of Q1 2026 operating expenses, up from $2,701M YoY)","High fixed operating cost structure including salaries ($4,562M Q1 2026), landing fees, and aircraft maintenance with significant debt obligations ($21.9B long-term debt as of March 31, 2026)","Dependence on capital-intensive fleet modernization plan (United Next) requiring over 630 aircraft deliveries through 2034, exposing the company to aircraft delivery delays and financing risks"]
Competitors & peers
- American Airlines Group
- Delta Air Lines
- Southwest Airlines
- Alaska Airlines
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.