United Airlines exists and is successfully operating its business in this competitive airline industry. It is one of the busiest airlines, headquartered at Will Tower in Chicago. UA carried over 2.9 million passengers on July 4 and half a million travellers on May 26.
UA expects 5 million passengers to be transported between June 30 and September. The company has also witnessed an increase in airline bookings compared to the last year. United Airlines experienced a staff shortage during the Coronavirus outbreak. However, they have recruited over 15,000 new employees to cover the long-term absences.
You must know that United Airlines is a leading American airline in business since 1931. It operates domestic and international routes in North America, Europe, Asia, the Caribbean and Latin America. This company offers airline services to 111 international and 79 domestic destinations.
Many thought that the company might go out of business after the COVID-19 pandemic. Experts analysed that UA might declare bankruptcy and cease its operations. However, Scott Kirby, the United Airlines’ CEO Scott Kirby managed the business crisis and said no to bankruptcy.
Let’s learn more about United Airlines and how you can book a ticket:
Top Reasons for United Airlines’ Immense Success:
Like other industries, the airline industry also faced a massive economic loss and a challenging time in 2020. Over 64 airlines went out of business due to the Coronavirus outbreak. However, some airlines like FlightGlobal and United Airlines didn’t collage during the pandemic.
Do you want to know how United Airlines is still in business? They always maintain the service quality. UA provides high-quality service to the passengers, which is worth the money.
Every airline company indeed faces losses because of fluctuating demand. High fuel cost is another reason behind the airline business’s failure. Raising flight fares can also bring down sales. United Airlines experience these challenges, and they handle them professionally.
Moreover, 9 out of 10 passengers stated that they are satisfied with the UA airline experience and will continue using their service. The best part about flying with United Airlines is it helps you to earn miles using a UA credit card. MileagePlus miles can be redeemed to get exclusive flight rewards.
The low flight fare is another reason people prefer United Airlines over other airline services. It also lets the passengers reserve their fares using the Farelock feature. United Airlines doesn’t charge for selecting a seat. It costs only $9 to book a seat closer to the economy section. So, these are the key reasons for United Airlines’ immense success.
What are United Airlines’ Revenue Sources?
United Airlines’ revenue was $50.448 billion at the end of June, increasing 42.85% from last year. This eminent airline company has an annual revenue of $44.955 billion in 2022 and $24.63 billion in 2021.
Now, the question is – How United Airlines generates revenue? Most of UA’s revenue comes from ticket selling. Over 9% of company, sales come from cargo loading and unloading. United Airlines also makes money by involving itself in third-party businesses.
Let’s learn about the different United Airlines revenue sources in brief:
1. Passenger Revenue
Passenger revenue means the money the airline receives through their passenger payments. United Airlines passenger revenue includes revenue from selling flight tickets on its network. Moreover, this revenue includes premium seat fees, inflight amenities, and baggage fees.
United Airlines passenger revenue was $10,829 on June 30, 2022. It has increased to $13,002 as of June 30, 2023. So, it proves that United Airlines’ passenger number has drastically increased in the post-pandemic era.
2. Cargo Revenue
United Airlines’ cargo revenue comes from the company’s mail service and freight businesses. In 2020, they introduced cargo-only flights to increase the company’s profits. United Airlines offers cargo service for commercial enterprises, logistic firms and the U.S. States Postal Service.
This airline company reported a 36% decline in cargo revenue in the first quarter of 2023. However, United Airlines expects to earn more cargo revenue at the end of this year.
3. Other Revenue Sources
United Airlines also generates revenue from maintenance services. The company’s other revenue sources are flight academy, ground handling, and flyer award redemptions. United Airlines’ other revenue represents over 7% of the business’s total revenue.
UA Hub Locations You Must Know about:
United Airlines has 8 hubs in Denver, Guam, Chicago-o’Hare, Los Angeles, Newark, San Francisco, Houston-Intercontinental and Washington-Dulles. These UA hubs connect one domestic or international airport to another. This company has high flight frequency in all these airline hubs.
Here, we have mentioned the market share of these 8 United Airlines hubs:
Denver is the Rocky Mountain region’s United Airlines Hub. It has 42% of the market share, making it the largest airport carrier in Denver. Based on the flight frequency, Denver is considered a greater hub for passengers.
United Airlines’ largest hub is in Chicago-O’Hare. It is the gateway to the Midwest. This airline company has around 47% of the market share, making it one of the world’s busiest airports. Based on recent reports, it serves over 83 million people yearly.
Guam is the main flight route in the Pacific region, a former continental airlines hub. Most United Airlines employees were from Guam in 2004, as it was the main hub back then. The company has 98.8% of the market share in Guam International Airport.
4. Los Angeles
It is United Airlines’ secondary hub and gateway to Australia and Asia. The company has a 15% market share in Los Angeles International Airport, one of the largest airports. Los Angeles is United Airlines’ third-largest carrier.
Newark is United Airlines’ main hub in the New York City market. It is also a primary hub for the United States Eastern Coast. United Airlines has around 68% of the market share in the Newark Liberty International Airport.
It is UA’s primary hub for the gateway to Asia and Australia. Washington-Dulles is the only United Airlines hub for West Coast residents. The company has 65% of the market share at Washington Dulles Airport.
7. San Francisco
United Airlines has another airline hub in San Francisco. It is the gateway to Asia and Australasia, a region which comprises New Zealand, the Pacific Ocean’s neighbouring islands and Australia. UA has about 46% of the market share in San Francisco International Airport.
Houston Intercontinental is United Airlines’ main hub for Southern United States passengers. It is the primary gateway to Latin America, having around 78% of the share in IAH. United Airlines is the largest carrier at the Houston Intercontinental Airport.
How to Book United Airlines Tickets Online?
United Airlines changed its name to United Airlines Holdings on June 27, 2019. Most people prefer this airline for its global route network and ultra-long haul flights. Booking a UA ticket is easy and can be done without going to the airport.
Open a reliable web browser from your mobile device and write “United Airlines” in the search bar. Click the search icon and tap on the United Airlines link. Sign in to your United Airlines account using the right credentials. Navigate to the “Book” section, go to “Flight”, and choose Roundtrip or One-Way.
Put a tick mark next to “Flexible Dates”, and select the month and date. Enter the traveller number and the destination where you want to fly with UA. Select “Find Flights” and choose the best flight option for you. Enter the payment details on the next page to confirm the ticket booking.
Additionally, you can check the flight status from the United Airlines website apart from ticket booking. Passengers will get all the previous trip details by accessing this site. United Airlines also lets you reserve hotels and cars from their online portal.