United Airlines Q2 FY26: where the revenue came from and where it went
The whole income statement of United Airlines for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 16, 2026
Revenue$17.67B
+16% year over year
Operating profit$1.03B
6% margin
Net profit$0.81B
5% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 17.67 | 100% | +16% |
| Passenger | 16.10 | 91% | +16% |
| Product & service other | 1.05 | 6% | +8% |
| Cargo & freight | 0.53 | 3% | +23% |
| Operating expenses | −16.65 | 94% | |
| Compensation | −4.69 | 27% | −2pp |
| D&A | −0.76 | 4% | +0pp |
| Interest | −0.34 | 2% | +0pp |
| Underwriting | −2.70 | 15% | −1pp |
| Other | −8.15 | 46% | +0pp |
| Operating profit | 1.03 | 6% margin | −2pp |
| Tax | −0.22 | ||
| Net profit | 0.81 | 5% margin | −2pp |
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