United Airlines Holdings, Inc. Q2 FY2026 10-Q, explained in plain English
Key financials — as reported
| Total revenue | $17.7B |
| Gross margin | — not reported |
| Operating income | $1.1B |
| Net income | $805.0M |
| Diluted EPS | $2.46 |
| Cash & equivalents | $10.2B |
| Total assets | $84.6B |
| Long-term debt | $24.3B |
Key takeaway
Second-quarter 2026 revenue grew 16% year-over-year to $17.67B, led by a 16% jump in passenger revenue to $16.1B.
🔒 4 more takeaways in the full analysis
Beneath the surface
Operating cash flow of $6.41B for the six months far exceeds net income of $1.50B for the same period, largely reflecting a $2.6B rise in advance ticket sales (to $10.75B) that has not yet been recognized as revenue.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for UAL.
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- United Airlines Holdings, Inc. FY 2025 10-Kperiod ending 2025-12-31