United Airlines Holdings

Total debt, finance lease obligations and other financial liabilities of $25.4 billion at quarter end.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Prepaid the remaining $1.5 billion balance of the MileagePlus bonds, resulting in full repayment of all debt secured by the MileagePlus business.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Repurchased $19 million of shares in the third quarter 2025, and have repurchased approximately $612 million of shares year-to-date as of September 30, 2025.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

federal income tax purposes our failure to realize the full value of our intangible assets or our long-lived assets, causing us to record impairments fluctuations in the price of our common stock the impacts of seasonality, and other factors associated with the airline industry increases in insurance costs or inadequate insurance coverage risks relating to our repurchase program for shares of common stock and certain warrants exercisable for common stock and other risks and uncertainties set forth in Part I, Item 1A.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Adjusted EBITDA and Adjusted EBITDAR We calculate Adjusted EBITDA by adding interest, taxes, depreciation and amortization to net income and adjusting for special charges, nonoperating unrealized (gains) losses on investments, net and nonoperating debt extinguishment and modification fees.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Adjusted Capital Expenditures UAL believes that adjusting capital expenditures for assets acquired through the issuance or modification of debt, finance leases and other financial liabilities is useful to investors in order to appropriately reflect the total amounts spent on capital expenditures.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Last week it announced summer 2026 flights to Split, Croatia Glasgow, Scotland Santiago de Compostela, Spain and Bari, Italy, while also bringing back all six new Atlantic destinations from its summer 2025 international expansion.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

United Chief Financial Officer Mike Leskinen was named a Notable Leader in Finance by Crain s Chicago Business for his strategic foresight and transformative impact on the industry.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Such forward-looking statements are based on historical performance and current expectations, estimates, forecasts and projections about the company's future financial results, goals, plans, commitments, strategies and objectives and involve inherent risks, assumptions and uncertainties, known or unknown, including internal or external factors that could delay, divert or change any of them, that are difficult to predict, may be beyond the company's control and could cause the company's future financial results, goals, plans, commitments, strategies and objectives to differ materially from those expressed in, or implied by, the statements.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

The Fund is an investment vehicle designed to invest in start-ups developing technologies focused on decarbonizing aviation and its associated energy supply chains, including through research and production, and technologies associated with sustainable aviation fuel (SAF).

SEC original ↗United Airlines Holdings — 10-Q Quarterly report10-QOct 21, 2026

The company's business outlook is subject to risks and uncertainties applicable to all forward-looking statements as described elsewhere in this press release.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Such forward-looking statements are based on historical performance and current expectations, estimates, forecasts and projections about the company's future financial results, goals, plans, commitments, strategies and objectives and involve inherent risks, assumptions and uncertainties, known or unknown, including internal or external factors that could delay, divert or change any of them, that are difficult to predict, may be beyond the company's control and could cause the company's future financial results, goals, plans, commitments, strategies and objectives to differ materially from those expressed in, or implied by, the statements.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Additionally, forward-looking statements include conditional statements and statements that identify uncertainties or trends, discuss the possible future effects of known trends or uncertainties, or that indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

federal income tax purposes our failure to realize the full value of our intangible assets or our long-lived assets, causing us to record impairments fluctuations in the price of our common stock the impacts of seasonality, and other factors associated with the airline industry increases in insurance costs or inadequate insurance coverage risks relating to our repurchase program for shares of common stock and certain warrants exercisable for common stock and other risks and uncertainties set forth in Part I, Item 1A.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Management's Discussion and Analysis of Financial Condition and Results of Operations, of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.

SEC original ↗United Airlines Holdings — Earnings release (8-K exhibit)EX-99Oct 15, 2025

Legal Proceedings 31 Item 1A.

SEC original ↗United Airlines Holdings — 10-Q Quarterly report10-QOct 21, 2026