United Airlines Holdings, Inc. (UAL) Risk Factors
IndustrialsLatest 10-K filed Feb 12, 2026Source: SEC EDGAR
WealthWire extracted and classified 33 risk factors from United Airlines Holdings, Inc.’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
Operations & people
9 factorsFinancial
8 factorsLegal & regulatory
5 factorsMarket & business
5 factorsESG & reputation
4 factorsTechnology
2 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that United Airlines Holdings, Inc. surfaced in its latest filing.
- United Next plan includes firm orders of over 630 narrow- and widebody aircraft, with retrofitting plans and increases in mainline daily departures and available seats across North America; deliveries have been delayed due to supplier production delays, causing fleet plan rework.
- During the U.S. federal government shutdown in late 2025, the FAA directed temporary schedule reductions across approximately 40 domestic airports, causing operational disruption and costs.late 2025
- In spring 2025, ATC staffing, technology outages and runway construction led to delays and cancellations out of the EWR hub; industry-wide operational challenges limited system-wide capacity; the FAA issued an order capping operations at EWR through October 2026.spring 2025
- The Company is involved in a certified class action lawsuit relating to its vaccination requirements for employees.
- The Company's tax benefits preservation plan designed to reduce the likelihood of an ownership change expires December 4, 2026.December 4, 2026
- The Company has established a tax benefits preservation plan to deter certain acquisitions of Company securities; any non-exempt third party acquiring 4.9% or more of outstanding UAL common stock would suffer substantial dilution.
- As of December 31, 2025, UAL reported consolidated U.S. federal net operating loss carryforwards of approximately $10.6 billion.December 31, 2025
- Fuel expense was approximately $11.4 billion for the year ended December 31, 2025.December 31, 2025
- Approximately 83% of 113,200 employees were represented by U.S. labor organizations as of December 31, 2025.December 31, 2025
- In the fourth quarter of 2024, the Board authorized a share repurchase program.fourth quarter of 2024
- In 2024 the FAA conducted a review of the Company's safety and compliance oversight of its operations; no significant issues were found.2024
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