---
schema_version: "secwatch.filing_event.v1"
accession: "0000100517-23-000016"
form_type: "8-K"
ticker: "UAL"
cik: "0000100517"
company_name: "United Airlines Holdings, Inc."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:26:34.642435+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Q4 2022 net income $843M; pre-tax margin 9.1% ahead of 2023 target

## Summary
- Q4 net income $843M (adjusted $811M); revenue $12.4B (+14% vs Q4 2019); capacity down 9%.
- Pre-tax margin 9.1% GAAP (adjusted 9.0%), exceeding 2023 target of ~9% ahead of schedule.
- Operating margin 11.1% (adjusted 11.2%); CASM-ex up 11% vs Q4 2019; average fuel $3.54/gal.
- Announced largest widebody order by US carrier: 100 Boeing 787 plus 100 options, plus 100 737 MAX.
- Full-year 2022 net income $737M; ending liquidity $18.2B.

## SEC filing metadata
- accession: 0000100517-23-000016
- form_type: 8-K
- ticker: UAL
- cik: 0000100517
- company_name: United Airlines Holdings, Inc.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100517/000010051723000016/0000100517-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100517/000010051723000016/ual-20230117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000100517-23-000016
- JSON: https://secwatch.observer/filing/0000100517-23-000016.json
- Plain text: https://secwatch.observer/filing/0000100517-23-000016.txt

## Key facts
- Earnings Releases
  United Airlines Holdings, Inc. reported the fourth quarter of 2022 results: revenue $12.4 billion, net income $843 million. Guidance reaffirmed.
  - Period: the fourth quarter of 2022
  - Revenue: $12.4 billion
  - Net income: $843 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: • Total operating revenue of $12.4 billion, up 14% compared to fourth-quarter 2019.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100517/000010051723000016/0000100517-23-000016-index.htm
- Earnings Releases
  United Airlines Holdings, Inc. reported the full year of 2022 results: net income $737 million. Guidance reaffirmed.
  - Period: the full year of 2022
  - Net income: $737 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: • Net income of $737 million, adjusted net income 1 of $831 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100517/000010051723000016/0000100517-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.