损益表结构
季度数据

United Airlines Holdings Inc.、合并损益表结构（季度数据）

截至 3 个月	2026年3月31日	2025年12月31日	2025年9月30日	2025年6月30日	2025年3月31日	2024年12月31日	2024年9月30日	2024年6月30日	2024年3月31日	2023年12月31日	2023年9月30日	2023年6月30日	2023年3月31日	2022年12月31日	2022年9月30日	2022年6月30日	2022年3月31日	2021年12月31日	2021年9月30日	2021年6月30日	2021年3月31日
客运收入	90.13%	90.45%	90.74%	90.81%	89.77%	90.34%	91.36%	91.29%	90.22%	91.16%	92.16%	91.71%	89.89%	90.34%	90.49%	89.41%	83.90%	83.96%	85.64%	79.80%	71.90%
货运收入	2.89%	3.18%	2.83%	2.82%	3.25%	3.55%	2.81%	2.76%	3.12%	2.95%	2.30%	2.55%	3.48%	3.81%	3.87%	4.74%	8.29%	8.87%	6.70%	11.08%	15.43%
其他营业收入	6.98%	6.37%	6.43%	6.37%	6.99%	6.12%	5.83%	5.95%	6.66%	5.89%	5.54%	5.74%	6.62%	5.85%	5.64%	5.85%	7.81%	7.17%	7.66%	9.12%	12.67%
营业收入	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
薪金和相关费用	-31.23%	-29.38%	-29.92%	-28.96%	-31.45%	-29.43%	-29.12%	-27.35%	-31.36%	-28.19%	-27.02%	-26.17%	-29.07%	-24.19%	-22.08%	-23.41%	-36.84%	-31.48%	-32.09%	-41.60%	-69.05%
飞机燃油	-20.82%	-18.99%	-19.68%	-18.21%	-20.44%	-18.21%	-20.16%	-20.91%	-23.56%	-24.33%	-23.07%	-19.89%	-27.77%	-26.75%	-29.16%	-31.46%	-29.47%	-23.95%	-22.06%	-22.52%	-26.42%
着陆费和其他租金	-6.49%	-6.58%	-6.58%	-6.31%	-6.61%	-6.13%	-5.83%	-5.78%	-6.41%	-5.82%	-5.53%	-5.40%	-6.27%	-5.30%	-4.96%	-5.52%	-8.09%	-8.31%	-8.41%	-10.31%	-16.11%
飞机维修材料和外部维修	-5.85%	-5.97%	-5.12%	-5.68%	-5.53%	-5.51%	-5.15%	-4.78%	-6.16%	-4.87%	-4.72%	-4.84%	-6.14%	-4.84%	-4.81%	-4.35%	-5.38%	-4.87%	-4.46%	-5.52%	-8.35%
折旧和摊销	-5.18%	-4.86%	-4.79%	-4.81%	-5.50%	-5.17%	-5.00%	-4.80%	-5.65%	-5.02%	-4.58%	-4.72%	-5.73%	-5.03%	-4.74%	-5.04%	-8.08%	-7.56%	-8.04%	-11.33%	-19.34%
区域产能购买	-4.74%	-4.42%	-4.51%	-4.44%	-4.92%	-4.55%	-4.39%	-4.08%	-4.67%	-4.36%	-4.09%	-4.22%	-5.38%	-4.60%	-4.63%	-4.68%	-7.47%	-7.34%	-6.71%	-10.00%	-14.87%
分销费用	-3.57%	-3.71%	-3.65%	-3.20%	-3.75%	-3.75%	-3.87%	-4.18%	-3.83%	-4.19%	-3.56%	-3.43%	-3.53%	-3.50%	-3.74%	-3.24%	-2.99%	-2.87%	-2.81%	-2.54%	-2.64%
飞机租赁	-0.57%	-0.52%	-0.35%	-0.44%	-0.39%	-0.31%	-0.44%	-0.27%	-0.34%	-0.34%	-0.32%	-0.35%	-0.49%	-0.48%	-0.50%	-0.55%	-0.81%	-0.77%	-0.75%	-0.95%	-1.71%
特殊（费用）积分	2.66%	0.05%	0.48%	-2.93%	0.82%	-0.46%	0.03%	-0.24%	-0.10%	-0.34%	-0.20%	-6.06%	-0.12%	-0.13%	-0.16%	-0.92%	0.11%	-0.68%	14.17%	17.33%	42.75%
其他业务费用	-17.40%	-16.61%	-16.72%	-16.32%	-17.63%	-16.26%	-15.52%	-14.75%	-17.13%	-15.21%	-14.90%	-14.23%	-15.87%	-14.07%	-13.90%	-13.56%	-19.18%	-17.15%	-15.45%	-17.49%	-27.13%
运营费用	-93.17%	-91.00%	-90.84%	-91.30%	-95.41%	-89.77%	-89.46%	-87.13%	-99.21%	-92.68%	-87.99%	-89.30%	-100.38%	-88.90%	-88.68%	-92.75%	-118.19%	-104.98%	-86.62%	-104.94%	-142.87%
营业收入（亏损）	6.83%	9.00%	9.16%	8.70%	4.59%	10.23%	10.54%	12.87%	0.79%	7.32%	12.01%	10.70%	-0.38%	11.10%	11.32%	7.25%	-18.19%	-4.98%	13.38%	-4.94%	-42.87%
利息支出，扣除资本化利息	-1.87%	-1.76%	-1.83%	-2.03%	-2.33%	-2.15%	-2.20%	-2.45%	-3.13%	-3.16%	-3.07%	-3.18%	-3.92%	-3.60%	-3.32%	-3.29%	-5.29%	-4.96%	-5.56%	-7.38%	-10.43%
利息收入	0.92%	0.90%	0.93%	1.10%	1.24%	1.17%	1.26%	1.27%	1.41%	1.52%	1.62%	1.52%	1.49%	1.26%	0.81%	0.27%	0.07%	0.07%	0.14%	0.22%	0.22%
投资的未实现收益（损失）净额	-0.09%	0.08%	-0.09%	0.17%	-0.16%	-0.27%	-0.61%	-0.22%	-0.30%	-0.20%	-0.37%	0.59%	0.21%	0.26%	0.22%	-0.33%	0.00%	-1.53%	-0.44%	2.69%	-0.68%
杂项，净	0.16%	0.39%	0.06%	0.26%	0.27%	-0.09%	-0.34%	0.13%	-0.08%	0.17%	0.08%	0.15%	0.36%	0.10%	-0.07%	-0.12%	0.25%	1.07%	0.26%	-0.90%	-0.59%
营业外费用，净额	-0.87%	-0.40%	-0.92%	-0.51%	-0.98%	-1.33%	-1.88%	-1.27%	-2.10%	-1.67%	-1.75%	-0.92%	-1.86%	-1.99%	-2.37%	-3.46%	-4.97%	-5.33%	-5.60%	-5.37%	-11.49%
所得税前收入（亏损）	5.96%	8.61%	8.24%	8.19%	3.62%	8.89%	8.66%	11.60%	-1.31%	5.66%	10.25%	9.78%	-2.24%	9.11%	8.95%	3.79%	-23.16%	-10.31%	7.78%	-10.31%	-54.36%
所得税（费用）福利	-1.17%	-1.83%	-2.01%	-1.80%	-0.69%	-2.19%	-2.16%	-2.78%	0.32%	-1.25%	-2.40%	-2.20%	0.54%	-2.31%	-1.64%	-1.07%	4.96%	2.43%	-1.68%	2.38%	12.23%
净利润（亏损）	4.79%	6.78%	6.23%	6.39%	2.93%	6.70%	6.50%	8.83%	-0.99%	4.40%	7.85%	7.58%	-1.70%	6.80%	7.32%	2.72%	-18.20%	-7.89%	6.10%	-7.93%	-42.13%

收入结构呈现出明显的重心转移。客运收入在营业收入中的占比从2021年第一季度的71.9%持续上升，随后在2022年中期起稳定在90%至92%的高位。与此同时，货运收入的占比从早期的15.43%显著下降，近期维持在3%左右的较低水平。其他营业收入占比则由早期的12.67%回落并稳定在6%附近。

成本效率分析: 各项营业费用占收入的比例在观察期内普遍下降。薪金和相关费用经历了最剧烈的波动，从初期的-69.05%大幅改善至-25%至-31%的区间。飞机燃油成本表现出较强的波动性，最高曾达-31.46%，后期趋于稳定在-18%至-21%之间。折旧与摊销、着陆费及区域产能购买的占比均从较高水平显著下降并维持在低位。
营业利润趋势: 营业利润率实现了由负转正的趋势。从2021年初的-42.87%开始逐步回升，自2022年第二季度起，营业利润率基本维持在7%至13%的正值区间，显示出经营能力的恢复与增强。
财务成本与非营业项: 财务压力显著减轻。利息支出占营业收入的百分比从-10.43%持续下降至-1.8%左右。利息收入占比则从0.22%上升至1%左右，进一步优化了非营业损益结构。
最终盈利能力: 净利润率与营业利润率走势高度一致。净利润率从早期的深度亏损（最低-42.13%）逐步改善，在近期季度中稳定在4%至9%的区间，反映出整体盈利水平的企稳。

United Airlines Holdings Inc. (NASDAQ:UAL)

损益表结构 季度数据

损益表结构
季度数据