UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q OR For the transition period from to (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 | Commission Exact Name of Registrant as Specified in its Charter, I.R.S. Employer | | State of | | | | | --- | --- | --- | --- | --- | --- | | File Number Principal Executive Office Address and Telephone Number Identification No. | | Incorpor ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Q2 2022 Earnings Conference Call July 21, 2022 10:30 AM ET Company Participants Kristina Munoz - Director of IR Scott Kirby - CEO Brett Hart - President Toby Enqvist - COO Andrew Nocella - EVP and Chief Commercial Officer Gerald Laderman - EVP and CFO Conference Call Participants Michael Linenberg - Deutsche Bank Helane Becker - Cowen and Company Andrew Didora - Bank of America Merrill Lynch Savanthi Syth - Raymond James Jamie Baker - JPMorgan David Vernon - Berns ...

Financial Performance - For Q2 2022, operating revenue increased by $6.6 billion, or 121.4%, compared to Q2 2021, reaching a total of $12.1 billion[95]. - The company recorded a net income of $329 million for Q2 2022, a significant recovery from a net loss of $434 million in Q2 2021[95]. - Total operating revenue reached $12.1 billion in Q2 2022, up from $5.5 billion in Q2 2021, marking a 121.4% increase[98]. - Total operating revenue increased by $10.986 billion, or 126.4%, in the first six months of 2022 compared to the same period in 2021, reaching $19.678 billion[1]. - Passenger revenue rose by $10.5 billion, or 157.1%, driven by the recovery in air travel and inflationary pressures on pricing[1]. - The operating income for the first half of 2022 was $878 million, a significant improvement from a loss of $(270) million in the same period of 2021[141]. - The adjusted operating margin for the first half of 2022 was 8.2%, compared to a negative 22.3% in the first half of 2021[141]. Capacity and Efficiency - Capacity for Q2 2022 was approximately 85% of Q2 2019 levels, compared to 54% in Q2 2021[88]. - Passenger load factor improved to 86.7% in Q2 2022, up from 72.0% in Q2 2021, indicating higher efficiency in capacity utilization[96]. - Total passengers transported increased by 74.3% to 67,256 thousand in the first six months of 2022, up from 38,583 thousand in the same period of 2021[110]. - The passenger load factor improved by 14.8 percentage points to 80.2% in the first half of 2022, compared to 65.4% in the first half of 2021[110]. Operating Expenses - Operating expenses rose by $5.5 billion, or 95.7%, compared to Q2 2021, primarily due to a $2.6 billion increase in fuel costs[90]. - Operating expenses rose to $11.2 billion in Q2 2022, a 95.7% increase from $5.7 billion in Q2 2021, primarily due to higher fuel costs and increased flight activity[100]. - Total operating expenses surged by $9.833 billion, or 95.1%, totaling $20.176 billion, largely due to increased salaries, fuel costs, and maintenance expenses[4]. - Aircraft fuel expenses skyrocketed by $3.958 billion, or 190.0%, due to higher fuel prices and increased consumption[5]. - Salaries and related costs rose by $1.123 billion, or 25.0%, attributed to increased headcount and flight activity[4]. Cash and Investments - As of June 30, 2022, unrestricted cash and short-term investments totaled $20.1 billion, an increase of approximately $14.6 billion from June 30, 2019[85]. - The company had $20.1 billion in unrestricted cash, up from $18.4 billion at the end of 2021, indicating strong liquidity[6]. - The company expects approximately $5.2 billion in adjusted capital expenditures for 2022, reflecting ongoing investment in aircraft and infrastructure[7]. - The company made principal payments of $1.8 billion for debt, finance leases, and other financing liabilities in the first half of 2022, down from $4.1 billion in the same period of 2021[134]. Future Outlook - The company expects total operating revenue to increase by approximately 11% in Q3 2022 compared to Q3 2019[91]. - Adjusted operating margin is projected to be approximately 10% for Q3 2022[93]. - The company anticipates a 16% to 17% increase in adjusted cost per available seat mile (CASM-ex) for Q3 2022 compared to Q3 2019[92]. - The company anticipates ongoing impacts from the COVID-19 pandemic and other macroeconomic factors, which may affect future financial results and strategies[142]. Risks and Challenges - The ongoing COVID-19 pandemic continues to adversely impact the company's business, operating results, financial condition, and liquidity[146]. - The company faces execution risks associated with its strategic operating plan and potential changes in network strategy, which could lead to fewer aircraft orders[146]. - The airline industry remains highly competitive, with risks related to price discounting and capacity changes due to alliances and consolidations[146]. - The company is exposed to high and volatile fuel prices, which could significantly impact operational costs[146]. - The potential impacts of geopolitical conflicts and security events remain a concern for the company's operations[146]. - The company must navigate extensive government regulations and compliance costs associated with the airline industry[146].

United Airlines Holdings, Inc. (NASDAQ:UAL) Q1 2022 Earnings Conference Call April 21, 2022 10:30 AM ET Company Participants Emily Zanetis - Manager of Investor Relations Scott Kirby - Chief Executive Officer Brett Hart - President Andrew Nocella - Executive Vice President and Chief Commercial Officer Gerald Laderman - Executive Vice President and Chief Financial Officer Gregory Hart - Executive Vice President Conference Call Participants Savanthi Syth - Raymond James Conor Cunningham - MKM Partners Duane P ...

Financial Performance - For Q1 2022, operating revenue increased by $4.3 billion, or 134.9%, compared to Q1 2021, primarily due to recovery from the COVID-19 pandemic [82]. - The company recorded a net loss of $1.4 billion for both Q1 2022 and Q1 2021, with operating loss also at $1.4 billion for the same periods [87]. - Passenger revenue increased by $4.0 billion, or 174.1%, in Q1 2022 compared to the previous year, driven by the recovery in air travel [91]. - Cargo revenue increased by $130 million, or 26.2%, in Q1 2022 compared to the same period last year, driven by higher yields from strong global demand [92]. - Other operating revenue rose by $183 million, or 44.9%, in Q1 2022, primarily due to increased mileage revenue from non-airline partners [92]. Operating Expenses - Operating expenses rose by $4.3 billion, or 94.3%, in Q1 2022, largely due to a $1.4 billion increase in fuel costs [83]. - Total operating expenses surged by $4.34 billion, or 94.3%, in Q1 2022, with significant increases in salaries, aircraft fuel, and other operating expenses [93]. - Aircraft fuel expense increased by $1.4 billion, or 162.0%, in Q1 2022, influenced by higher fuel prices and consumption due to the Russia-Ukraine conflict [94]. - Salaries and related costs rose by $563 million, or 25.3%, in Q1 2022, attributed to increased headcount and flight activity [93]. Capacity and Revenue Projections - Capacity for Q1 2022 was approximately 81% of Q1 2019 levels, up from 46% in Q1 2021 [82]. - The company expects scheduled capacity to decrease by approximately 13% in Q2 2022 compared to Q2 2019 [84]. - Total revenue per available seat mile (TRASM) is projected to increase by approximately 17% in Q2 2022 compared to the same period in 2019 [84]. - The company anticipates an operating margin of approximately 10% for Q2 2022 [85]. Cash and Capital Expenditures - As of March 31, 2022, unrestricted cash and short-term investments totaled $18.7 billion, an increase of approximately $14.6 billion from March 31, 2019 [80]. - Cash flows from operating activities increased by $1.0 billion in Q1 2022, primarily due to a rise in advance ticket sales as air travel demand recovered [112]. - The company expects approximately $5.3 billion in adjusted capital expenditures for 2022, reflecting ongoing investments in operations [103]. - The company has total capital commitments of approximately $34.7 billion related to aircraft acquisitions and improvements, with significant amounts due in the coming years [111]. Risks and Guidance - Forward-looking statements indicate potential impacts from the COVID-19 pandemic, with risks that could materially affect future financial results [120]. - The company highlighted execution risks associated with its strategic operating plan and reliance on a limited number of suppliers for aircraft [123]. - There are significant risks related to geopolitical conflicts, such as the Russia-Ukraine conflict, which could impact fuel prices and supply [123]. - The company noted that actual results may differ materially from projections due to changes in customer behavior and demand for air travel [124]. - The company has not identified any material changes in market risk from previous disclosures [126]. Cost Management - CASM (GAAP) for Q1 2022 was 16.79 cents, up from 15.15 cents in Q1 2021, while CASM-ex (Non-GAAP) decreased to 12.55 cents from 16.80 cents [119]. - Fuel expenses increased significantly to 4.19 cents in Q1 2022 from 2.80 cents in Q1 2021, indicating a rise of approximately 49.8% [119]. - The CASM (GAAP) for the year ended December 31, 2019, was 13.67 cents, while CASM-ex (Non-GAAP) was 10.21 cents, showing a trend in cost management [119]. - Profit sharing expenses were recorded at 0.05 cents in 2019, indicating a potential area for future cost adjustments [119].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number Exact Name of Registrant as Specified in its Charter, Principal Executive Office Address and Telephone Number State of Incorporation I.R.S. Employer I ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Q4 2021 Results Conference Call January 20, 2022 10:30 AM ET Company Participants Kristina Munoz - Director, IR Scott Kirby - CEO Brett Hart - President Andrew Nocella - EVP and Chief Commercial Officer Gerry Laderman - EVP and CFO Conference Call Participants Conor Cunningham - MKM Partners Jamie Baker - JP Morgan Savi Syth - Raymond James David Vernon - Bernstein Helane Becker - Cowen and Company Duane Pfennigwerth - Evercore ISI Sheila Kahyaoglu - Jefferies Cat ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Q3 2021 Earnings Conference Call October 22, 2021 10:30 AM ET Company Participants Scott Kirby – Chief Executive Officer Kristina Munoz – Director of Investor Relations Brett Hart – President Andrew Nocella – Executive Vice President and CCO Gerry Laderman – Executive Vice President and CFO Conference Call Participants Brandon Oglenski – Barclays Andrew Didora – Bank of America Jamie Baker – JP Morgan Stephen Trent - Citigroup Duane Pfennigwerth – Evercore ISI Cat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Exact Name of Registrant as Specified in its Charter, I.R.S. Employer | Commission | | State of | | | | | | --- | --- | --- | --- | --- | --- | --- | ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Q2 2021 Earnings Conference Call July 21, 2021 10:30 AM ET Corporate Participants Kristina Munoz - Director of Investor Relations Mike Leskinen - Vice President Corporate Development and Investor Relations Scott Kirby - Chief Executive Officer Brett Hart - President Andrew Nocella - Executive Vice President and Chief Commercial Officer Gerry Laderman - Executive Vice President and Chief Financial Officer Conference Call Participants Savanthi Syth - Raymond James A ...