United Airlines Holdings
American transportation company / From Wikipedia, the free encyclopedia
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United Airlines Holdings, Inc. (formerly known as United Continental Holdings, Inc., UAL Corporation, Allegis Corporation and founded originally as UAL, Inc.[3]) is a publicly traded airline holding company headquartered in the Willis Tower in Chicago.[4] UAH owns and operates United Airlines, Inc.
Formerly |
|
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Company type | Public |
Industry | Aviation |
Founded | December 30, 1968; 54 years ago in Chicago, Illinois, United States |
Headquarters | |
Area served | Worldwide |
Key people |
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Services | Airline services |
Revenue | US$53.7 billion (2023)[1] |
US$4.21 billion (2023)[1] | |
US$2.62 billion (2023)[1] | |
Total assets | US$71.1 billion (2023)[1] |
Total equity | US$9.32 billion (2023)[1] |
Number of employees | 103,300 (2023)[1] |
Subsidiaries | United Airlines United Express operated by: |
Website | ir |
Footnotes / references [2] |
UAL Corporation agreed to change its name to United Continental Holdings in 2010, when an agreement was reached between United and Continental Airlines where the two airlines merged in an $8.5 billion all-stock merger of equals on October 1, 2010. To effect the acquisition, Continental shareholders received 1.05 shares of UAL stock for each Continental share; at the time of closing, it was estimated that United shareholders owned 55% of the merged entity and Continental shareholders owned 45%.[5] The company or its subsidiary airlines also have several other subsidiaries. Once completely combined, United became the world's largest airline, as measured by revenue passenger miles. United is a founding member of the Star Alliance.[6]
UAH has major operations at Chicago–O'Hare, Denver, Guam, Houston–Intercontinental, Los Angeles, New York/Newark, San Francisco, and Washington–Dulles. Additionally, UAH's United is the largest U.S. carrier to the People's Republic of China and maintains a large operation throughout Asia.[6]
UAH uses Continental's operating certificate and United's repair station certificate, having been approved by the FAA on November 30, 2011.[7][8]
On June 27, 2019, the name of the parent company was changed from United Continental Holdings to United Airlines Holdings.[9]