United Airlines Holdings Inc (UAL)
Pretax margin
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,306,000 | 4,287,000 | 4,318,000 | 4,809,000 | 4,167,000 | 3,632,000 | 3,831,000 | 3,479,000 | 3,387,000 | 3,746,000 | 3,414,000 | 2,486,000 | 990,000 | -985,000 | -1,535,000 | -2,558,000 | -2,557,000 | -4,085,000 | -7,020,000 | -8,459,000 |
| Revenue (ttm) | US$ in thousands | 59,070,000 | 58,368,000 | 57,986,000 | 57,736,000 | 57,063,000 | 55,994,000 | 55,635,000 | 54,827,000 | 53,717,000 | 52,491,000 | 50,884,000 | 48,818,000 | 44,955,000 | 40,747,000 | 35,620,000 | 28,979,000 | 24,634,000 | 19,854,000 | 14,593,000 | 10,597,000 |
| Pretax margin | 7.29% | 7.34% | 7.45% | 8.33% | 7.30% | 6.49% | 6.89% | 6.35% | 6.31% | 7.14% | 6.71% | 5.09% | 2.20% | -2.42% | -4.31% | -8.83% | -10.38% | -20.58% | -48.11% | -79.82% |
December 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,306,000K ÷ $59,070,000K
= 7.29%
Peer comparison
Dec 31, 2025
Company name
Symbol
Pretax margin
United Airlines Holdings Inc
UAL
7.29%
Alaska Air Group Inc
ALK
1.03%
American Airlines Group
AAL
0.35%
Delta Air Lines Inc
DAL
9.76%
JetBlue Airways Corp
JBLU
-7.08%
SkyWest Inc
SKYW
14.44%
Southwest Airlines Company
LUV
2.01%