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United Airlines Holdings, Inc.

UAL

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
57,063
Cost of Revenue
37,643
Gross Profit
19,420
Gross Margin
34.0%
Operating Income
5,096
Operating Margin
8.9%
Net Income
3,149
Net Margin
5.5%
EPS (Basic)
$9.58
EPS (Diluted)
$9.45
EBITDA
8,498
EBITDA Margin
14.9%

2023

12/31/2023

Revenue
53,717
Cost of Revenue
38,518
Gross Profit
15,199
Gross Margin
28.3%
Operating Income
4,211
Operating Margin
7.8%
Net Income
2,618
Net Margin
4.9%
EPS (Basic)
$7.99
EPS (Diluted)
$7.89
EBITDA
7,832
EBITDA Margin
14.6%

2022

12/31/2022

Revenue
44,955
Cost of Revenue
34,315
Gross Profit
10,640
Gross Margin
23.7%
Operating Income
2,337
Operating Margin
5.2%
Net Income
737
Net Margin
1.6%
EPS (Basic)
$2.26
EPS (Diluted)
$2.23
EBITDA
5,119
EBITDA Margin
11.4%

2021

12/31/2021

Revenue
24,634
Cost of Revenue
23,913
Gross Profit
721
Gross Margin
2.9%
Operating Income
-1,022
Operating Margin
-4.1%
Net Income
-1,964
Net Margin
-8.0%
EPS (Basic)
$-6.10
EPS (Diluted)
$-6.10
EBITDA
1,505
EBITDA Margin
6.1%

2020

12/31/2020

Revenue
15,355
Cost of Revenue
20,385
Gross Profit
-5,030
Gross Margin
-32.8%
Operating Income
-6,359
Operating Margin
-41.4%
Net Income
-7,069
Net Margin
-46.0%
EPS (Basic)
$-25.30
EPS (Diluted)
$-25.30
EBITDA
-5,342
EBITDA Margin
-34.8%