United Airlines Holdings, Inc.

Air Transportation, Scheduled·CHICAGO, IL·FY end 12/31·CIK 100517

CEO Pay Ratio

334:1

Scott Kirby

CEO Total Comp

$32.3M

Scott Kirby

Median Employee

$96,670

Revenue

$59.1B

FY 2025

Net Income

$3.4B

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

5.7%

Insider Net (180d)

-$631.3K

0 buys / 1 sales

CEO Pay Accountability

CEO comp as % of net income

0.96%

For every $1,000 of profit, $9.63 flows to the CEO.

CEO comp as % of buybacks

5.07%

CEO comp equals 50.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$59.1B	$57.1B	$53.7B	$45.0B	$24.6B
Gross Profit	—	—	—	—	—	—
Operating Income	$4.7B	$5.1B	$4.2B	$2.3B	-$1.0B
Net Income	$3.4B	$3.1B	$2.6B	$737.0M	-$2.0B
Operating CF	$8.4B	$9.4B	$6.9B	$6.1B	$2.1B
Capex	—	—	—	—	—	—
Free Cash Flow	—	—	—	—	—	—
Buybacks	$637.0M	$162.0M	—	$0	$0
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	8.0%	8.9%	7.8%	5.2%	-4.1%
Net Margin	5.7%	5.5%	4.9%	1.6%	-8.0%
FCF Margin	—	—	—	—	—	—
R&D / Revenue	—	—	—	—	—	—
Effective Tax	22.1%	24.4%	22.7%	25.6%	23.2%
Debt / Equity	1.12	1.71	2.69	4.10	6.04
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Scott KirbyChief Executive Officer	$1.2M	$22.6M	—	$8.0M	$506.4K	$32.3M
Brett HartPresident	$1.0M	$13.9M	—	$5.2M	$148.1K	$20.3M
Torbjorn EnqvistExecutive Vice President and	$880.0K	$6.4M	—	$3.7M	$133.3K	$11.1M
Andrew NocellaExecutive Vice President and	$808.5K	$5.4M	—	$3.0M	$115.9K	$9.4M
Michael LeskinenExecutive Vice President and	$783.8K	$4.8M	—	$1.3M	$143.3K	$7.1M