What is the 13F Pro Quality Score for UAL?

13F Pro ranks United Airlines Holdings, Inc. (UAL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View UAL's current score at https://13fpro.ai/company/UAL (free sign-up required for the full ranking).

Which hedge funds own the most UAL stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of UAL include BlackRock,, VANGUARD CAPITAL MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/UAL as soon as new 13F filings post.

Where does 13F Pro source UAL data?

All United Airlines Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. United Airlines Holdings, Inc. files with the SEC under CIK 100517. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is UAL in?

United Airlines Holdings, Inc. (UAL) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives UAL's revenue?

Per United Airlines Holdings, Inc.'s latest 10-Q filed with the SEC on 2026-07-16, the biggest revenue drivers are: Passenger revenue ($16.1B, +16.4% YoY); Other operating revenue ($1.05B, +7.7% YoY); Cargo revenue ($527M, +22.6% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/UAL.

What are UAL's largest expenses?

United Airlines Holdings, Inc.'s latest 10-Q reports these as the largest expense items: Aircraft fuel ($5.1B, +84.1% YoY); Salaries and related costs ($4.7B, +6.2% YoY); Other operating expenses ($2.7B, +8.6% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is UAL research updated on 13F Pro?

UAL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

United Airlines Holdings, Inc.(UAL)Stock Analysis

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13F Pro Quality Score

60.8/100

Rank #831 of 2,961 stocksTOP 50%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

46.0/100

Profitability

50.7/100

Balance Sheet

66.7/100

Earnings Quality

80.2/100

Free Cash Flow

38.9/100

Institutional Flow

50.1/100

Revenue Scale

97.4/100

Dilution Risk

83.9/100

Email me the moment this company reports earnings

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Why UAL Scores 61/100

exact factor attribution · 2026-09-11

UAL's composite is driven by scale and earnings quality, held back by free cash flow. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+7.1 pts

97th pct

Earnings quality

+3.0 pts

80th pct

Shareholder dilution

+1.7 pts

84th pct

Capital efficiency

+1.7 pts

67th pct

Profitability

+0.1 pts

51th pct

Institutional flow

+0.0 pts

50th pct

Earnings growth

-0.4 pts

43th pct

Revenue growth

-0.8 pts

46th pct

Free cash flow

-1.7 pts

39th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

UAL Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for United Airlines Holdings, Inc. (UAL), a Industrials sector company. 13F Pro's AI-powered ranking engine scores UAL at 60.8/100 on a 32-signal composite quality model, placing it at rank #831 of 2,961 stocks — the top half of the AI-ranked universe. UAL scores in the top quartile across revenue scale (97.4), earnings quality (80.2). Areas of concern include free cash flow (38.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), United Airlines Holdings, Inc. reports quarterly revenue of $17.7B, net income of $805.0M, an operating margin of 6.2%. Top institutional holders of UAL by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, FMR, based on the most recent SEC filings. UAL trades on the Nasdaq exchange and files with the SEC under CIK 100517. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UAL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for United Airlines Holdings, Inc. directly from SEC EDGAR. United Airlines Holdings, Inc.'s 13F Pro composite quality score has ranged between 24 and 75 since 2021, currently 60.8 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

What's Driving UAL's Business? Latest 10-Q Breakdown

✓ 27/27 datapoints verified

AI-extracted from United Airlines Holdings, Inc.'s 10-Q filed 2026-07-16 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

United's Q2 2026 revenue rose 16.0% YoY to $17.7B on strong yield and traffic growth, but operating income fell 17.3% to $1.1B as fuel costs surged 84.1% amid Middle East conflict disruptions.

Biggest Revenue Drivers

Passenger revenue$16.1B+16.4% YoY

Primarily due to a 12.1% increase in yield and a 5.4% increase in the number of passengers flown

Other operating revenue$1.05B+7.7% YoY

Increase in mileage revenue from non-airline partners, including co-branded credit card spending with JPMorgan Chase, and higher United Club visitor volumes

Biggest Revenue Drivers

Total revenue: $17.7B+16.0% YoY

Passenger revenue$16.1B+16.4% YoY

Primarily due to a 12.1% increase in yield and a 5.4% increase in the number of passengers flown

Within Passenger revenue

Domestic$10.5B+20.3% YoY

Geographic breakout of passenger revenue growth

Atlantic$3.6B+7.9% YoY

Other operating revenue$1.05B+7.7% YoY

Increase in mileage revenue from non-airline partners, including co-branded credit card spending with JPMorgan Chase, and higher United Club visitor volumes

Cargo revenue$527M+22.6% YoY

Primarily due to an increase in freight yields

Largest Expense Items

Aircraft fuel$5.1B+84.1% YoY

Higher average price per gallon of fuel and increased consumption from increased flight activity

Salaries and related costs$4.7B+6.2% YoY

Increased pay from higher flying activity, a 5.6% headcount increase, and pay rate increases including the new AFA collective bargaining agreement

Other operating expenses$2.7B+8.6% YoY

Increase in flight activity and passengers, including catering, ground handling, crew-related expenses, and IT project spending

Distribution expenses$644M+32.3% YoY

Higher credit card fees and agency commissions driven by the increase in passenger revenue and refinement of credit card fee assumptions in the year-ago period

Margins: Operating margin compressed as operating expense grew 19.2% versus 16.0% revenue growth, driven mainly by an 84.1% jump in fuel expense from higher average fuel prices tied to Middle East conflict disruptions; operating income fell 17.3% YoY to $1.1B.

Watch Items from the Filing

Fuel price per gallon rose 79.4% YoY to $4.19, driven by Middle East geopolitical conflicts disrupting regional flying and global fuel markets; further escalation could pressure costs.
The Company recorded $184M in Special charges for labor contract ratification bonuses tied to the new AFA flight attendant agreement, with total ratification liability reaching $742M as of June 30, 2026.
Debt, finance lease, operating lease and other financial liabilities totaled $33.7B as of June 30, 2026, including $3.0B due within 12 months, alongside substantial noncancelable aircraft capital commitments.
Credit ratings were upgraded across S&P, Moody's, and Fitch (all now BB+) with positive/stable outlooks, reflecting improved credit profile.
Company recognized $329M in net gains on sale of assets in Q2, primarily from aircraft sale-leaseback transactions, which boosted special charges (credits) favorably by $592M YoY.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$17.7B

Net Income

Q2 2026

$805.0M

Free Cash Flow

Q2 2026

$267.0M

Operating Margin

Q2 2026

6.2%

ROIC

Q2 2026

10.2%

D/E Ratio

Q2 2026

1.58

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+3.5% YoY

$59.07BFY 2025

FY22 $44.95BFY23 $53.72BFY24 $57.06BFY25 $59.07B

Net Income

+6.5% YoY

$3.35BFY 2025

FY22 $737.0MFY23 $2.62BFY24 $3.15BFY25 $3.35B

Operating Income

-7.5% YoY

$4.71BFY 2025

FY22 $2.34BFY23 $4.21BFY24 $5.10BFY25 $4.71B

EPS (Diluted)

+7.9% YoY

$10.20FY 2025

FY22 $2.23FY23 $7.89FY24 $9.45FY25 $10.20

Total Assets

+3.2% YoY

$76.45BFY 2025

FY22 $67.36BFY23 $71.10BFY24 $74.08BFY25 $76.45B

Total Debt

-8.0% YoY

$29.08BFY 2025

FY22 $31.19BFY23 $35.68BFY24 $31.63BFY25 $29.08B

Op. Cash Flow

-10.7% YoY

$8.43BFY 2025

FY22 $6.07BFY23 $6.91BFY24 $9.45BFY25 $8.43B

Free Cash Flow

-33.2% YoY

$2.56BFY 2025

FY22 $1.25BFY23 $-260.0MFY24 $3.83BFY25 $2.56B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$59.07B +3.5%	$57.06B +6.2%	$53.72B +19.5%	$44.95B +82.5%	$24.63B +60.4%	$15.36B
Net Income	$3.35B +6.5%	$3.15B +20.3%	$2.62B +255.2%	$737.0M +137.5%	$-1.96B +72.2%	$-7.07B
Operating Income	$4.71B -7.5%	$5.10B +21.0%	$4.21B +80.2%	$2.34B +328.7%	$-1.02B +83.9%	$-6.36B
EPS (Diluted)	$10.20 +7.9%	$9.45 +19.8%	$7.89 +253.8%	$2.23 +136.6%	$-6.10 +75.9%	$-25.30
Total Assets	$76.45B +3.2%	$74.08B +4.2%	$71.10B +5.6%	$67.36B -1.2%	$68.17B +14.5%	$59.55B
Total Debt	$29.08B -8.0%	$31.63B -11.3%	$35.68B +14.4%	$31.19B -6.5%	$33.36B +24.7%	$26.75B
Operating Cash Flow	$8.43B -10.7%	$9.45B +36.7%	$6.91B +13.9%	$6.07B +193.5%	$2.07B +150.0%	$-4.13B
Free Cash Flow	$2.56B -33.2%	$3.83B +1573.1%	$-260.0M -120.9%	$1.25B +3217.5%	$-40.0M +99.3%	$-5.86B

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13F Pro tracks comprehensive data for United Airlines Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of UAL

BlackRock, Inc.
$3.1B22,436,107 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.9B21,008,797 sh
FMR LLC
$2.6B19,473,813 sh
PRIMECAP MANAGEMENT CO/CA/
$2.2B16,461,630 sh
Sanders Capital, LLC
$2.0B15,027,948 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.9B14,162,813 sh
STATE STREET CORP
$1.6B11,788,111 sh
Capital World Investors
$1.5B11,353,742 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.3B9,536,361 sh
JANE STREET GROUP, LLC
$1.1B8,025,000 sh

Fund	Value	Shares
BlackRock, Inc.	$3.1B	22,436,107
VANGUARD CAPITAL MANAGEMENT LLC	$2.9B	21,008,797
FMR LLC	$2.6B	19,473,813
PRIMECAP MANAGEMENT CO/CA/	$2.2B	16,461,630
Sanders Capital, LLC	$2.0B	15,027,948
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.9B	14,162,813
STATE STREET CORP	$1.6B	11,788,111
Capital World Investors	$1.5B	11,353,742
GEODE CAPITAL MANAGEMENT, LLC	$1.3B	9,536,361
JANE STREET GROUP, LLC	$1.1B	8,025,000

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Is UAL a good stock to buy?

13F Pro's AI-powered analysis of United Airlines Holdings, Inc. (UAL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for UAL are available on the UAL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. UAL is classified as a large company.

Which hedge funds own UAL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling UAL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of United Airlines Holdings, Inc.'s investment landscape.