TTM
64.2%
YoY change
+30.09pp
Trough year (2020)
-32.8%
Peak year (2006)
96.5%
Latest annual
64.1%
Gross Margin history chart for United Airlines Holdings (UAL) from 1983 to 2025
Latest: 64.1%
Gross Margin change chart for United Airlines Holdings (UAL) from 1983 to 2025
Latest: +30.09pp
Gross Margin history table for United Airlines Holdings (UAL) from 1983 to 2025
| 2025 | 64.1% | +30.09pp | ||
| 2024 | 34.0% | +5.74pp | ||
| 2023 | 28.3% | +4.63pp | ||
| 2022 | 23.7% | +20.74pp | ||
| 2021 | 2.9% | +35.68pp | ||
| 2020 | -32.8% | -61.59pp | ||
| 2019 | 28.8% | +2.02pp | ||
| 2018 | 26.8% | -1.71pp | ||
| 2017 | 28.5% | -3.48pp | ||
| 2016 | 32.0% | +0.55pp | ||
| 2015 | 31.5% | +7.47pp | ||
| 2014 | 24.0% | +2.17pp | ||
| 2013 | 21.8% | +1.92pp | ||
| 2012 | 19.9% | -2.87pp | ||
| 2011 | 22.8% | -1.88pp | ||
| 2010 | 24.7% | -42.69pp | ||
| 2009 | 67.3% | +28.95pp | ||
| 2008 | 38.4% | -29.10pp | ||
| 2007 | 67.5% | -29.00pp | ||
| 2006 | 96.5% | +58.54pp | ||
| 2005 | 38.0% | -5.61pp | ||
| 2004 | 43.6% | -49.13pp | ||
| 2003 | 92.7% | +1.37pp | ||
| 2002 | 91.3% | +15.87pp | ||
| 2001 | 75.4% | -19.19pp | ||
| 2000 | 94.6% | — | ||
| 1993 | 74.8% | +1.23pp | ||
| 1992 | 73.6% | +21.48pp | ||
| 1991 | 52.1% | -2.46pp | ||
| 1990 | 54.5% | -5.88pp | ||
| 1989 | 60.4% | -3.27pp | ||
| 1988 | 63.7% | -1.46pp | ||
| 1987 | 65.1% | +0.74pp | ||
| 1986 | 64.4% | +2.93pp | ||
| 1985 | 61.5% | +28.26pp | ||
| 1984 | 33.2% | +4.80pp | ||
| 1983 | 28.4% | — |
- 202564.1%+30.09pp
- 202434.0%+5.74pp
- 202328.3%+4.63pp
- 202223.7%+20.74pp
- 20212.9%+35.68pp
- 2020-32.8%-61.59pp
- 201928.8%+2.02pp
- 201826.8%-1.71pp
- 201728.5%-3.48pp
- 201632.0%+0.55pp
- 201531.5%+7.47pp
- 201424.0%+2.17pp
- 201321.8%+1.92pp
- 201219.9%-2.87pp
- 201122.8%-1.88pp
- 201024.7%-42.69pp
- 200967.3%+28.95pp
- 200838.4%-29.10pp
- 200767.5%-29.00pp
- 200696.5%+58.54pp
- 200538.0%-5.61pp
- 200443.6%-49.13pp
- 200392.7%+1.37pp
- 200291.3%+15.87pp
- 200175.4%-19.19pp
- 200094.6%—
- 199374.8%+1.23pp
- 199273.6%+21.48pp
- 199152.1%-2.46pp
- 199054.5%-5.88pp
- 198960.4%-3.27pp
- 198863.7%-1.46pp
- 198765.1%+0.74pp
- 198664.4%+2.93pp
- 198561.5%+28.26pp
- 198433.2%+4.80pp
- 198328.4%—
Gross Margin values are taken from United Airlines Holdings's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at United Airlines Holdings (UAL)
According to United Airlines Holdings's latest reported financial statements, the company's latest reported gross margin is 64.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of United Airlines Holdings (UAL) gross margin is 64.12% – expanded 30.1 percentage points year-over-year.
The highest annual gross margin of 96.49% was reported in 2006. The lowest in the available history was -32.76% in 2020.
United Airlines Holdings Gross Margin by Year
United Airlines Holdings Gross Margin 2025: 64.1%
United Airlines Holdings posted gross margin of 64.12% in 2025, expanded 30.1 percentage points from 2024.
United Airlines Holdings Gross Margin 2024: 34.0%
In 2024, United Airlines Holdings reported gross margin of 34.03%, expanded 5.7 percentage points from 2023.
United Airlines Holdings Gross Margin 2023: 28.3%
United Airlines Holdings gross margin in 2023 was 28.29%, expanded 4.6 percentage points from 2022.
United Airlines Holdings Gross Margin 2022: 23.7%
2022's gross margin for United Airlines Holdings came in at 23.67%, expanded 20.7 percentage points from 2021.
United Airlines Holdings Gross Margin 2021: 2.9%
United Airlines Holdings gross margin in 2021 was 2.93%.
See more financial history for United Airlines Holdings (UAL).
Sector peers by Gross Margin
Industrials peers of United Airlines Holdings (UAL), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
United Airlines Holdings (UAL) Key Financials
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