| Stage | UAL | % of rev | DAL | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $17.9B | 100.00% | $20.2B | 100.00% | DAL ×1.13 |
| Gross profit | $6.4B | 35.94% | $5.6B | 27.86% | UAL +8.1pp |
| Operating income | $1.4B | 8.09% | $1.5B | 7.20% | UAL +0.9pp |
| Pre-tax income | $1.3B | 7.33% | $1.1B | 5.32% | UAL +2.0pp |
| Net income | $1.0B | 5.76% | $756M | 3.75% | UAL +2.0pp |
| Stage | UAL | DAL | Gap · A − B |
|---|---|---|---|
| Revenue | $17.9B100.00% | $20.2B100.00% | DAL ×1.13 |
| Gross profit | 35.94%$6.4B | 27.86%$5.6B | UAL +8.1pp |
| Operating income | 8.09%$1.4B | 7.20%$1.5B | UAL +0.9pp |
| Pre-tax income | 7.33%$1.3B | 5.32%$1.1B | UAL +2.0pp |
| Net income |
| 5.76%$1.0B |
| 3.75%$756M |
| UAL +2.0pp |
UAL 10-KFeb 12 '26
“CommuteAir LLC ("CommuteAir"), GoJet Airlines, LLC ("GoJet"), Mesa Airlines, Inc. ("Mesa"), Republic Airways Inc. ("Republic") and SkyWest Airlines, Inc. ("SkyWest") are all regional carriers that operate with capacity contracted to United under capacity purchase agreements ("CPAs").”
DAL 10-KFeb 11 '25
“SkyWest Airlines operates some flights for us under a revenue proration agreement.”
UAL · RJET 10-KMar 19 '26
“Republic Airways subsequently expanded its partnership reach to Delta Air Lines in 2002 and United Airlines in 2004 and have operated under the same mission of unparalleled service each year.”
DAL · RJET 10-KMar 19 '26
“Republic Airways subsequently expanded its partnership reach to Delta Air Lines in 2002 and United Airlines in 2004 and have operated under the same mission of unparalleled service each year.”
UAL 10-KFeb 12 '26
“CommuteAir LLC ("CommuteAir"), GoJet Airlines, LLC ("GoJet"), Mesa Airlines, Inc. ("Mesa"), Republic Airways Inc. ("Republic") and SkyWest Airlines, Inc. ("SkyWest") are all regional carriers that operate with capacity contracted to United under capacity purchase agreements ("CPAs").”
DAL 10-KFeb 11 '25
“Through our regional carrier program, Delta Connection ® , we have contractual arrangements with regional carriers to operate aircraft using our "DL" designator code. We currently have contractual arrangements with: • Endeavor Air, Inc., a wholly owned subsidiary of ours ("Endeavor"). • Republic Airways, Inc. • SkyWest Airlines, Inc. ("SkyWest Airlines").”