United Airlines Reports Second Quarter 2025 Net Profit of $973 Million or $2.97 per Diluted Share
- Joe Breitfeller
- Jul 17
- 2 min read
United Airlines has reported a second quarter 2025 net profit of $973 million or $2.97 per diluted share on a year-over-year increase in revenue of 1.7 percent to $15.2 billion. At June 30, 2025, United had total available liquidity of $18.6 billion.
On Wednesday (July 16, 2025), United Airlines reported their second quarter financial results for the period ending June 30, 2025. The carrier reported a second quarter net profit of $973 million or $2.97 per diluted share on a 1.7 percent year-over-year increase in revenue to $15.2 billion. United’s second quarter total revenue per available seat mile (TRASM) decreased 4.0 percent versus Q2 2024 to 18.06 cents, while cost per available seat mile (CASM) increased 0.6 percent to 16.49 cents. Costs excluding fuel (CASM-ex) increased 2.2 percent compared to the same period last year to 12.36 cents. At June 30, 2025 United Airlines had cash, cash equivalents, short-term investments and undrawn credit facilities totaling $18.6 billion.
In Wednesday’s announcement, United Airlines’ CEO, Scott Kirby, said,
“Our second-quarter performance was more proof that the United Next strategy is working. I am extremely proud of the team for executing a strong operation and navigating through a volatile macroeconomic period, while still growing earnings and pre-tax margin for the first half of the year. Importantly, United saw a positive shift in demand beginning in early July, and, like 2024, anticipates another inflection in industry supply in mid-August. The world is less uncertain today than it was during the first six months of 2025 and that gives us confidence about a strong finish to the year.”
In July, United repaid in cash the remaining debt from a July 2020 pandemic-era transaction, when the company secured $6.8 billion against their MileagePlus assets, now leaving one of the most valuable loyalty programs in the world unencumbered.
During the second quarter, United launched the largest international expansion in their history, inaugurating service to eight new destinations, including Nuuk (Greenland), Ulaanbaatar (Mongolia), Faro (Portugal), Puerto Escondido (Mexico), Palermo (Italy), Dakar (Senegal), Bilbao (Spain), and Madeira Island (Portugal). The carrier also announced three new international destinations and two new routes to existing destinations, making United the only U.S. airline with service to Bangkok (Thailand), Ho Chi Minh City (Vietnam), and Adelaide (Australia). United also plans to inaugurate routes from Denver to Mexico City and Punta Cana in the Dominican Republic.
Additionally, during the period, United added seven new international routes to existing destinations, including Denver to Rome, Washington-Dulles to Venice and Nice, Los Angeles to Beijing, San Francisco to Panama City and San Jose (Costa Rica), and Guam to Taipei. United also launched 12 domestic and four Canada routes in the quarter, including new routes to popular outdoor destinations such as Washington D.C. to Albuquerque, Houston to Portland (Maine), Chicago to Billings (Montana) and Denver to Wilmington (North Carolina).
At United Airlines, ‘Good Leads the Way.’ The airline operates the most comprehensive network among North American carriers with U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United and United Express operate over 4,000 flights per day to more than 350 airports across six continents. In 2024, United carried nearly 174 million customers, a company record. Shares in United's parent company, United Airlines Holdings, Inc., are publicly traded on the NASDAQ under the symbol ‘UAL.’
Source: United Airlines/Cision
