United Airlines Holdings Inc. (UAL) is a holding company whose principal, wholly-owned subsidiary is United Airlines Inc., which provides air transport worldwide for people and cargo. United has hubs throughout the U.S. and provides service to Europe, Asia, Latin America, Africa, the Middle East, and the Pacific. The company also offers regional service under the United Express brand and through contracts with various regional carriers. United’s primary competitors include Delta Air Lines Inc. (DAL) and American Airlines Group Inc. (AAL).
Like the broader airline industry, United has experienced a drastic downturn in business as a result of the COVID-19 pandemic over the past year. The company cut about 57% of its scheduled capacity in 2020 relative to a year earlier.