What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-05-14 compared with 2024-01-26 · 2 added, 2 removed, 22 unchanged (15% of the section changed)

7 unchanged sentences

We are subject to market risk associated with changing interest rates on our variable rate long-term debt;

the variable interest rates are based on LIBOR.

the variable interest rates are based on SOFR.

The interest rates applicable to variable rate notes may rise and increase the amount of interest expense on our variable rate long-term debt.

12 unchanged sentences

Fuel Price Risk.

Unlike other airlines, our CPA and FSA largely shelter us from volatility related to fuel prices, which are directly paid and supplied by our major partners.

Unlike other airlines, our CPA largely shelters us from volatility related to fuel prices, which are directly paid and supplied by United.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.