United Airlines (UAL)
Carries passengers and cargo through a global network anchored by seven U.S. hubs.
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Carries passengers and cargo across a global hub-and-spoke network, with fares providing most revenue and MileagePlus, club memberships, and other services contributing the rest. Premium cabins, seven U.S. hubs, regional United Express feed, and airline partnerships broaden customer choice and network reach.
Operates a global hub-and-spoke passenger airline through United Airlines and contract carriers flying as United Express. The network is anchored by seven U.S. mainland hubs and reaches domestic markets and major international regions. Cabin products span Basic Economy, Economy, Economy Plus, Premium Plus, and Polaris, while United Cargo sells freight capacity and United Club serves lounge customers.
Most revenue comes from passenger travel. MileagePlus adds revenue through award travel, non-airline partners, and a co-branded card agreement with JPMorgan Chase, while Star Alliance and bilateral partners extend network reach. Scale, hub connectivity, network design, and operational reliability support the offering. Results depend on fuel availability and prices, labor agreements, aircraft deliveries, regional carriers, airport and air-traffic infrastructure, and extensive aviation regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Redburn Partners | Target | Target: $70 | Target: $150 |
| Sep 11, 2026 | Barclays | Reiterate | Rating: —Target: $175 | Target: $160 |
| Sep 10, 2026 | UBS | Reiterate | Rating: —Target: $153 | Target: $137 |
| Jul 19, 2026 | Jefferies | Reiterate | Rating: —Target: $112 | Target: $155 |
| Jul 17, 2026 | Susquehanna | Reiterate | Rating: —Target: $172 | Target: $165 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $16.64B · Total debt $33.67B · Total assets $84.57B · Shareholders' equity $16.70B
- Revenue
- $17.67B
- Operating income
- $1.10B
- Net income
- $805.0M
No dividends on record.
| Institutions | 90.18% | 292.71M shares | |
|---|---|---|---|
| 1,140 holders · as of Jun 30, 2026 | |||
| Insiders | 0.63% | 2.06M shares | |
| 12 holders · as of Aug 27, 2026 | |||
| Other | 9.19% | 29.81M shares | |
| remainder | |||
324.58M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
PRIMECAP Management CompanyInstitution | 7.19% | 23.35M | filed Feb 12, 2024 |
BlackRock, Inc.Institution | 6.91% | 22.44M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.47% | 21.01M | as of Jun 30, 2026 |
FMR LLCInstitution | 6.00% | 19.47M | as of Jun 30, 2026 |
Primecap Management Co/CA/Institution | 5.07% | 16.46M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Andrew P. Nocella | officer: EVP & Chief Commercial Officer | −5,000 | $117.00 |
| Aug 4, 2026 | Andrew P. Nocella | officer: EVP & Chief Commercial Officer | −3,000 | $132.30 |
| Aug 3, 2026 | Michael D. Leskinen | officer: EVP & Chief Financial Officer | −10,000 | $128.19 |
| Jul 28, 2026 | Brett J. Hart | officer: President | −30,108 | $120.72 |
| Jul 28, 2026 | Andrew P. Nocella | officer: EVP & Chief Commercial Officer | −4,200 | $120.48 |
- Delta Air Lines
Closest full-network rival; SkyTeam vs. Star Alliance, premium to loyalty.
- American Airlines Group
Third Big Three legacy peer; ORD hub battle and oneworld vs. Star Alliance.
- Southwest Airlines
Largest US domestic LCC; fare pressure at United's DEN, HOU, ORD, and LAX hubs.
- Alaska Air Group
5th-largest US carrier; West Coast and Pacific rivalry post-Hawaiian merger.
- JetBlue
Premium transcon rival at EWR/JFK; Mint vs. Polaris with Blue Sky interline.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| United Airlines | $115.89 | +1.31% | $37.13B | 10.7 | 9.3 | 0.6 | +16.0% |
| Delta Air Lines | $83.46 | +1.16% | $54.25B | 13.7 | 10.9 | 0.8 | +18.7% |
| American Airlines Group | $13.64 | +0.48% | $8.98B | — | 13.1 | 0.2 | +16.3% |
| Southwest Airlines | $42.39 | +1.48% | $20.43B | 25.6 | 11.0 | 0.7 | +16.4% |
| Alaska Air Group | $42.31 | +0.98% | $4.67B | — | 43.7 | 0.3 | +9.8% |
| JetBlue | $4.61 | +0.77% | $1.72B | — | — | 0.2 | +14.5% |
| Median | 19.7 | 12.0 | 0.3 | +16.3% |