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United Airlines Holdings (United Airlines Holdings) Passenger Load Factor % : 80.10% (As of Mar. 2024)


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What is United Airlines Holdings Passenger Load Factor %?

Passenger Load Factor % is an indicator which measures the capacity utilization of airlines to assess how efficiently the airline fills seats and generates fare revenue.

United Airlines Holdings's Passenger Load Factor % for the quarter that ended in Mar. 2024 was 80.10% , which is lower than 82.30% for the pervious quarter ended in Dec. 2023.

United Airlines Holdings's Passenger Load Factor % for the annual that ended in Dec. 2023 was 83.90% , which is higher than 83.40% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for United Airlines Holdings's Passenger Load Factor % or its related term are showing as below:

UAL's Passenger Load Factor % is not ranked *
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Passenger Load Factor % only.

United Airlines Holdings Passenger Load Factor % Historical Data

The historical data trend for United Airlines Holdings's Passenger Load Factor % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Airlines Holdings Passenger Load Factor % Chart

United Airlines Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Passenger Load Factor %
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Average Age of Aircraft in Years
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United Airlines HoldingsQuarterly Data
Trend Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Passenger Load Factor %
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Competitive Comparison of United Airlines Holdings's Passenger Load Factor %

For the Airlines subindustry, United Airlines Holdings's Passenger Load Factor %, along with its competitors' market caps and Passenger Load Factor % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Airlines Holdings  (NAS:UAL) Passenger Load Factor % Calculation

Passenger Load Factor % is calculated as

Passenger Load Factor %=Passenger Miles Travelled / Available Seat Miles

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


United Airlines Holdings  (NAS:UAL) Passenger Load Factor % Explanation

Passenger Load Factor % measures the percentage of available seating capacity that has been filled by passengers. A high load factor indicates that the airline has sold most available seats and is preferred over a low load factor.

The load factor helps investors and management determine how well an airline generates sales, covers expenses, and remains profitable. Since airlines have thin profit margins and high costs, a high load factor is essential to an airline’s success.

Another measurement of load factor is Breakeven Load Factor %, which is often used in strategic planning for airlines. An airline wishing to attract low-budget customers with cheap tickets will likely need a higher load factor to stay profitable and thus, may need aircraft designed to carry more passengers. The airline could also pursue high-quality service and customer experiences by charging more per ticket and offering fewer seats.


United Airlines Holdings Passenger Load Factor % Related Terms

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United Airlines Holdings (United Airlines Holdings) Business Description

Address
233 South Wacker Drive, Chicago, IL, USA, 60606
United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.
Executives
Kennedy James A C director T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen officer: EVP & Chief Financial Officer 233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman officer: EVP and CFO 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart officer: EVP & Chief Growth Officer 233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi director 233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford director C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper director C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro director 275 GROVE STREET, NEWTON MA 02466
Chris Kenny officer: Vice President & Controller 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella officer: EVP & Chief Commercial Officer 233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist officer: EVP & Chief Operations Officer 233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo officer: EVP & Chief Customer Officer 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo officer: EVP HR and Labor Relations 233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart officer: President 233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606