United Airlines Holdings (UAL) risk factors
Item 1A of every United Airlines Holdings, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors30 risks6 new3 dropped12 reworded
United added operational risks regarding third-party service providers, airport congestion affecting United Next, and MileagePlus loyalty program competition.
Filed Feb 12, 2026 - FY2024 10-K risk factors27 risks
United Airlines is heavily dependent on Boeing and Airbus for aircraft and engine supply chains, facing significant operational risks from supplier delays and inflationary pressures. The airline's massive labor force of approximately 107,300 employees is 82% unionized, exposing operations to potential union disputes and rising labor costs. Fuel expenses totaled approximately $11.8 billion, making the company exceptionally vulnerable to volatile aircraft fuel prices and supply disruptions.
Filed Feb 27, 2025