United Airlines Series 2024 - 1 Investor Presentation July 2024

Additional Information 2 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communicat ion relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information ab out the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any de ale r participating in the offering will arrange to send you the prospectus if you request it by calling Goldman Sachs & Co. LLC (“Goldman Sachs”) toll - free at 1 - 866 - 471 - 2526 or Morgan Stanley & Co. LLC (“Morgan Stanley”) toll - free at 1 - 866 - 718 - 1649. This presentation shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities law of any such jur isd iction. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies an d assumptions, as they deem appropriate. The rating of the Certificates (as defined herein) should be evaluated independently from similar ratings of other securities. A credit rat ing of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating ag enc y. No report of any rating agency is incorporated by reference herein. Forward - Looking Statements This presentation may contain statements about the issuer's future plans and prospects that constitute forward - looking statement s for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those in forward - looking statements as a result of various important factors, including those discussed in the issuer’s most recent Annual Report on Form 10 - K for the year ended December 31, 2023, as updated by its subsequ ent Quarterly Reports on Form 10 - Q, Current Reports on Form 8 - K and other filings with the SEC. These documents are available on the SEC’s website, on the issuer's website or from the issuer’s Investor Relations group. In addition, any forward - looking statements contained in this presentation represent the issuer's opinions only as of the date here of and should not be relied upon as representing the issuer's opinions as of any subsequent date. While the issuer may elect to update forward - looking statements at some point in th e future, the issuer specifically disclaims any obligation to do so, even if its estimates change.

Agenda 1. Transaction Overview 2. Aircraft Collateral Summary 3. Appendix A : Additional Aircraft Characteristics 3

Transaction Overview 4

Transaction Overview (1/2) United Airlines, Inc. (“United”, “UAL” or the “Company”) intends to raise up to approximately $1,354,657,000 through the offe rin g of the following Pass - Through Certificates, Series 2024 - 1 (the “Certificates”) — Class AA face amount of $969,187,000 — Class A face amount of $385,470,000 ▪ The Equipment Notes underlying the Certificates will have the benefit of a security interest in forty - eight (48) aircraft: — Eleven (11) 737 MAX 9 aircraft delivered between May 2023 and September 2023 — Five (5) 737 MAX 8 aircraft delivered between June 2023 and December 2023 — Five (5) 787 - 10 aircraft delivered between November 2022 and December 2022 — Two (2) 777 - 300ER aircraft delivered between January 2020 and March 2020 — Twenty - one (21) 737 - 900ER aircraft delivered between December 2010 and June 2015 — Four (4) 737 - 800 aircraft delivered between October 2010 and March 2011 ▪ The Certificates offered in this transaction will include two tranches of amortizing debt: — Class AA senior tranche amortizing over 12.5 years, with a 44.0% initial and 44.4% max loan - to - value ratio (“LTV”) 1 — Class A junior tranche amortizing over 12.5 years, with a 61.5% initial and 62.0% max LTV ▪ No additional aircraft will be financed to increase the size of the Class AA or Class A Pass Through Certificates — United will retain the option to issue additional subordinated classes of certificates at any time on or after the issuance d ate of the Class AA and Class A Certificates Note: Collateral values are calculated as the lesser of the mean and median of the base value of each aircraft as appraised b y A viation Specialists Group, Inc. (“ASG”), BK Associates, Inc. (“BK”), and mba Aviation (“ mba ”) as of June 1, 2024, in each case adjusted as described in such appraisal, which are set forth in the Preliminary Prospectus Supplem ent (“LMM”). 1. Initial LTV for the Class AA and Class A Certificates is calculated as of August 5, 2024, which is assumed to be the closi ng date of the offering (with the actual closing date being referred to herein as the "Issuance Date"). Maximum LTV for the Class AA and Class A Certificates is calculated as of February 15, 2025, which is assumed to be the first Re gular Distribution Date. 5

Transaction Overview (2/2) ▪ The transaction’s legal structure will include standard provisions, as well as recent market adjustments, including: — Controlling party must meet commercial reasonableness standard when disposing of any collateral post - default, and no breakup or other fees (excluding third party broker fees) may be paid to any buyer, potential buyer, or other person from the proceeds of such disposition — Aircraft substitution rights, which are generally consistent with UAL 2023 - 1, and which may include Rating Agency Confirmation ( “RAC”) requirements (multiple aircraft may be replaced by one aircraft and one aircraft may be replaced by multiple aircraft) ▪ Liquidity Facility Provider: Natixis ▪ Joint Structuring Agents: Goldman Sachs and Morgan Stanley ▪ Joint Lead Active Bookrunners: Goldman Sachs, Morgan Stanley, Citi, and Deutsche Bank ▪ No depositary or escrow arrangement (since all aircraft are currently owned and delivered to United and will be financed on t he Issuance Date) 6

Class AA Class A Face Amount $969,187,000 $385,470,000 Expected Ratings (Moody’s / S&P) Aa3 / AA A3 / A Initial / Max LTV 1 44.0% / 44.4% 61.5% / 62.0% Weighted Average Life (Years) 8.5 8.5 Regular Distribution Dates February 15, August 15 February 15, August 15 Final Expected Distribution Date 2 February 15, 2037 February 15, 2037 Final Maturity 3 August 15, 2038 August 15, 2038 Section 1110 Protection Yes Liquidity Facility 3 semi - annual interest payments United Series 2024 - 1 EETC Structural Summary 1. Initial LTV for the Class AA and Class A Certificates is calculated as of August 5, 2024, which is assumed to be the Issua nce Date. Maximum LTV for the Class AA and Class A Certificates is calculated as of February 15, 2025, which is assumed to be the first Regular Distribution Date. 2. Each series of Equipment Notes will mature on the Final Expected Distri but ion Date for the related class of Certificates. 3. The Final Maturity Date for each class of the Certificates is the date that is 18 months after the Final Expected Distribution Date for the relevant Certificates, which represents the period cor responding to the applicable Liquidity Facility coverage of three successive semiannual interest payments. 7

Key Structural Elements Cross - Collateralization and Cross - Default ▪ The Equipment Notes will be cross - collateralized by all aircraft in the collateral pool ▪ All indentures will include cross - default provisions Buyout Rights ▪ After a Certificate Buyout Event, subordinate Certificate holders have the right to purchase all (but not less than all) of t he then outstanding more senior classes of Certificates at par plus accrued and unpaid interest ▪ No Equipment Note buyout rights Waterfall ▪ Same waterfall structure before and after an event of default ▪ Interest on the Preferred A Pool Balance is paid ahead of principal on the Class AA Certificates Requirements for Exercise of Remedies ▪ Standard limitations on Controlling Parties’ ability to exercise remedies, consistent with recent EETCs issued by United ▪ Dispositions of collateral expressly required to be executed in a commercially reasonable manner pursuant to Article 9 of the Un ited States Uniform Commercial Code (“UCC”), and no break - up fees may be paid to any buyer (or potential buyer) from the proceeds of such di spositions Substitution Rights ▪ Prior to the Issuance Date, United may, subject to obtaining a RAC and certain additional conditions, substitute any aircraft th at ceases to be in the condition required for financing under the offering with an aircraft of the same model, or, subject to certain further co ndi tions, one or more aircraft of a different model and/or manufacturer ▪ Following the financing of the aircraft pursuant to the offering, United may substitute airframes and engines on terms genera lly consistent with UAL 2023 - 1, including, in the case an airframe substitution, terms requiring that i ) each substitute airframe has a manufacture date that is no more than one year prior to the manufacture date of the airframe being replaced, ii) the appraised maintenance - adjusted current market value of the substitute airframe (or substitute airframes collectively) is not less than that of the airframe (or airframes collective ly) being replaced pursuant to such substitution, and iii) except in the case of a substitution for an airframe of the same or improved model, a RA C is obtained Additional Certificates ▪ United has the right to issue additional subordinated classes of certificates on or after the Issuance Date 8

Aircraft Collateral Summary 9

UAL 2024 - 1 Collateral Overview Note: Statistics are weighted by the LMM. Key Statistics Aircraft Type 48x aircraft $2.2bn LMM ~3.8 - year average age 71% New Technology 33% 26% 17% 12% 9% 3% 787-10 737 MAX 9 737-900ER 737 MAX 8 777-300ER 737-800 Aircraft Type # of Aircraft LMM ($mm) % of Portfolio (By LMM) Average Age Age Range Equipment Maturity Date New Tech / Current Tech Importance to United 737 MAX 8 5 262 38% 1 yrs 0.7 – 1.2 yrs Feb - 37 New Tech ▪ Boeing 737 MAX aircraft are a core component of the ‘United Next’ growth strategy, with 300+ new deliveries expected in the coming years ▪ Key to United’s fleet renewal efforts and will replace certain aging narrowbody aircraft 737 MAX 9 11 578 1 yrs 0.9 – 1.3 yrs Feb - 37 New Tech 787 - 10 5 721 33% 2 yrs 1.7 – 1.8 yrs Feb - 37 New Tech ▪ Expected to replace United’s older Boeing 767 and 777 aircraft, reducing carbon emissions by ~25% per seat and improving fuel burn and maintenance costs 777 - 300ER 2 192 9% 4 yrs 4.4 – 4.5 yrs Feb - 37 Current Tech ▪ Largest aircraft in United’s fleet, serving high - demand long - haul markets that are critical to United’s international network and overall business 737 - 900ER 21 373 20% 12 yrs 9.1 – 13.6 yrs Aug - 31 – Aug - 34 Current Tech ▪ The workhorses of United’s narrowbody fleet, operating nearly 40% of United’s domestic mainline departures in 2023 ▪ The UAL 2024 - 1 737NGs have been retrofitted or are expected to be retrofitted by 2025 YE 737 - 800 4 77 14 yrs 13.4 – 13.8 yrs Aug - 31 Current Tech Total 48 $2,203 ~ 3.8 yrs 71% New Tech 10

Aircraft Collateral Significance to United’s Fleet ▪ Each asset type included in the 2024 - 1 collateral pool has an important strategic fit within United’s broader fleet: — The 737 MAX is critical to United’s fleet renewal strategy; the new technologies on the MAX aircraft include advanced technology winglets , e fficient engine architecture and superior aerodynamics — The 737 - 800 and 737 - 900ER are the narrowbody workhorses of United’s fleet, combining to operate nearly 40% of United’s domestic mainline departures in 202 3 — The 787 - 10 is the newest and largest aircraft in the Boeing 787 family (the future of United’s long - term widebody fleet), offering excepti onal range and unit economics and operating high - density transatlantic routes — The 777 - 300ER is the largest widebody aircraft in United’s long - haul fleet; key value drivers include efficiency, commonality, dependability a nd flexibility – generating significant long - term value for United ▪ The 737NG narrowbody aircraft will continue to be an essential component of United’s long - term domestic fleet alongside the new 737 MAXs — United is investing millions of dollars per aircraft to retrofit the 737 - 800 and 737 - 900ER fleets with United’s new signature in terior, featuring larger overhead bins, seatback entertainment, Bluetooth connectivity, high - speed Wi - Fi, etc. to ensure these aircraft meet brand standards for years t o come — As of June 2024, 11 of the 25 UAL 2024 - 1 737NG aircraft have already been retrofitted and the remaining 14 are expected to be co mpleted by 2025 YE ▪ The 777 - 300ER and 787 - 10 widebody aircraft are core to United’s international fleet network — United offers non - stop service to 130+ international destinations across 65+ countries, making it the largest and most diversifi ed international route network among U.S. airlines — The 777 - 300ER is a key transpacific aircraft operating 34% of such ASMs in 2024 while the 787 - 10 is a key transatlantic aircraft operating 20% of such ASMs in 2024 ▪ The average age of United’s fleet is 16.3 years, whereas the aircraft in UAL 2024 - 1 have a weighted average age of just 3.8 year s 1 The aircraft in the transaction represent a combination of both United’s next generation of mission - critical fleet types (737 MA X 8/9, 787 - 10) and United’s current core fleet types (737 - 800/ - 900ER, 777 - 300ER) that serve as the backbone of United’s domestic and internatio nal network Note: Statistics are weighted by the LMM. 1. The unweighted average age of the UAL 2024 - 1 portfolio is 7.1 years. 11

12% 59% 9% 7% 14% 0% 10% 20% 30% 40% 50% 60% 70% 0 - 1yrs 1 - 2yrs 2 - 6yrs 6 - 12yrs 12 - 15yrs Aircraft Types Portfolio Age: WA Age 3.8 years UAL 2024 - 1 Collateral 48x Aircraft 33% 26% 17% 12% 9% 3% 787-10 737 MAX 9 737-900ER 737 MAX 8 777-300ER 737-800 11% 5% 18% 40% 27% 0% 10% 20% 30% 40% 50% 8 - 10yrs 10 - 11yrs 11 - 12yrs 12 - 13yrs 13 - 14yrs Aircraft Types Portfolio Age: WA Age 12.1 years 83% 17% 737-900ER 737-800 Mid - Life Aircraft: 20% of Value (25x Aircraft) Detailed Portfolio Breakdown Note: Charts and statistics are weighted by the LMM. Aircraft Types Portfolio Age: WA Age 1.7 years New / Recently Delivered Aircraft: 80% of Value (23x Aircraft) 41% 33% 15% 11% 787-10 737 MAX 9 737 MAX 8 777-300ER 15% 74% 0% 0% 11% 0% 20% 40% 60% 80% 0-1yrs 1-2yrs 2-3yrs 3-4yrs 4-5yrs 12

LTV and Paydown Profile Class AA LTV (RS) Class A LTV (RS) Class AA Debt Balance (LS) Class A Debt Balance (LS) Note: Reflects the projected value as of disposal period. The transaction is structured to de - lever quickly through the tenor 13 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 200 400 600 800 1,000 1,200 1,400 LTV Debt Balance ($mm)

Aircraft Number Manufacturer Serial Number Body Type Aircraft Type Engine Type Month of Delivery Age (years) Appraisal Values (mm) 2 LMM Class AA / A Equipment Note Maturity Date mba BK ASG 1 44309 Narrowbody 737 MAX 8 LEAP 1B - 28 23 - Jun 1.2 51.2 54.5 51.3 51.3 Feb - 37 2 64609 Narrowbody 737 MAX 8 LEAP 1B - 28 23 - Jul 1.1 51.5 54.6 52.1 52.1 Feb - 37 3 64608 Narrowbody 737 MAX 8 LEAP 1B - 28 23 - Aug 1.0 51.8 54.7 52.1 52.1 Feb - 37 4 67604 Narrowbody 737 MAX 8 LEAP 1B - 28 23 - Dec 0.7 53.0 55.1 52.9 53.0 Feb - 37 5 67588 Narrowbody 737 MAX 8 LEAP 1B - 28 23 - Dec 0.7 53.0 55.1 52.9 53.0 Feb - 37 6 67184 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - May 1.3 52.0 55.9 51.7 52.0 Feb - 37 7 67590 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - May 1.3 52.0 55.9 51.7 52.0 Feb - 37 8 67591 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Jun 1.2 52.3 56.0 51.7 52.3 Feb - 37 9 67187 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Jun 1.2 52.3 56.0 51.7 52.3 Feb - 37 10 67186 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Jun 1.2 52.3 56.0 51.7 52.3 Feb - 37 11 67188 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Jun 1.2 52.3 56.0 51.7 52.3 Feb - 37 12 67603 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Aug 1.0 52.9 56.2 52.8 52.9 Feb - 37 13 67193 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Aug 1.0 52.9 56.2 52.8 52.9 Feb - 37 14 67609 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Aug 1.0 52.9 56.2 52.8 52.9 Feb - 37 15 67610 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Sep 0.9 53.2 56.3 52.8 53.2 Feb - 37 16 67615 Narrowbody 737 MAX 9 LEAP 1B - 28 23 - Sep 0.9 53.2 56.3 52.8 53.2 Feb - 37 17 31663 Narrowbody 737 - 800 CFM56 - 7B26 10 - Oct 13.8 14.7 16.8 15.7 15.7 Aug - 31 18 31652 Narrowbody 737 - 800 CFM56 - 7B26 10 - Dec 13.6 14.2 16.2 15.1 15.1 Aug - 31 19 39998 Narrowbody 737 - 800 CFM56 - 7B26 11 - Mar 13.4 26.2 27.4 27.2 26.9 Aug - 31 20 39999 Narrowbody 737 - 800 CFM56 - 7B26 11 - Mar 13.4 18.7 19.9 19.0 19.0 Aug - 31 21 31655 Narrowbody 737 - 900ER CFM56 - 7B26 10 - Dec 13.6 14.3 16.2 13.9 14.3 Aug - 31 22 31643 Narrowbody 737 - 900ER CFM56 - 7B26 10 - Dec 13.6 14.1 16.1 13.6 14.1 Aug - 31 23 40000 Narrowbody 737 - 900ER CFM56 - 7B26 11 - Apr 13.3 15.1 16.7 14.6 15.1 Aug - 31 24 31661 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Jan 12.5 16.6 18.8 16.5 16.6 Aug - 31 Aircraft Collateral Summary and Equipment Note Maturity Dates (1/2) 1. Minimum collateral cushion is calculated as of February 15, 2025, the Regular Distribution Date with the Maximum LTV set f ort h under “Loan to Aircraft Value Ratios” in the Summary of the Preliminary Prospectus Supplement. 2. Reflects the maintenance adjusted base value of each aircraft as appraised by ASG, BK and mba as of June 1, 2024 ▪ United has obtained desktop appraisals for the aircraft from ASG, BK, and mba. ▪ Aggregate aircraft appraised value is approximately $2,203mm as of June 1, 2024. ▪ Appraisals indicate a minimum collateral cushion of 56.0% and 38.5% on the Class AA and Class A Certificates, respectively, w hic h increases after the first year over time as the debt amortizes. 1 14

Aircraft Collateral Summary and Equipment Note Maturity Dates (2/2) Note: Statistics are weighted by the LMM. 1. Reflects the maintenance adjusted base value of each aircraft as appraised by ASG, BK and mba as of June 1, 2024. Aircraft Number Manufacturer Serial Number Body Type Aircraft Type Engine Type Month of Delivery Age (years) Appraisal Values (mm) 1 LMM Class AA / A Equipment Note Maturity Date mba BK ASG 25 31650 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Feb 12.5 18.0 19.4 16.9 18.0 Aug - 31 26 40003 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Mar 12.4 16.5 18.7 16.2 16.5 Aug - 31 27 31651 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Mar 12.4 18.5 20.5 18.2 18.5 Aug - 31 28 40004 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Apr 12.3 23.1 24.8 23.1 23.1 Aug - 31 29 31646 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Apr 12.3 17.0 19.2 17.0 17.0 Aug - 31 30 40005 Narrowbody 737 - 900ER CFM56 - 7B26 12 - May 12.2 18.1 20.0 17.7 18.1 Aug - 31 31 41742 Narrowbody 737 - 900ER CFM56 - 7B26 12 - May 12.2 17.7 19.9 17.6 17.7 Aug - 31 32 31640 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Jun 12.1 17.9 20.1 17.7 17.9 Aug - 31 33 41743 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Jun 12.1 17.4 19.6 17.1 17.4 Aug - 31 34 37205 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Sep 11.9 15.9 18.9 15.8 15.9 Aug - 31 35 41744 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Sep 11.9 15.7 18.8 15.7 15.7 Aug - 31 36 37199 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Sep 11.9 15.9 18.9 15.8 15.9 Aug - 31 37 37206 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Oct 11.8 16.1 19.1 16.4 16.4 Aug - 31 38 37200 Narrowbody 737 - 900ER CFM56 - 7B26 12 - Nov 11.8 16.9 19.5 16.7 16.9 Aug - 31 39 42175 Narrowbody 737 - 900ER CFM56 - 7B26 14 - Jan 10.5 20.2 21.8 20.4 20.4 Aug - 31 40 42201 Narrowbody 737 - 900ER CFM56 - 7B26 15 - May 9.2 23.6 24.4 23.8 23.8 Aug - 34 41 42202 Narrowbody 737 - 900ER CFM56 - 7B26 15 - Jun 9.1 24.4 24.1 23.2 23.9 Aug - 34 42 66591 Widebody 777 - 300ER GE90 - 115B 20 - Jan 4.5 96.4 83.8 107.4 95.9 Feb - 37 43 66592 Widebody 777 - 300ER GE90 - 115B 20 - Mar 4.4 97.9 84.6 107.4 96.6 Feb - 37 44 66988 Widebody 787 - 10 GEnx - 1B70 22 - Nov 1.8 139.2 149.0 144.2 144.1 Feb - 37 45 66987 Widebody 787 - 10 GEnx - 1B70 22 - Nov 1.8 139.2 149.0 144.2 144.1 Feb - 37 46 66989 Widebody 787 - 10 GEnx - 1B70 22 - Dec 1.7 140.1 149.2 144.2 144.2 Feb - 37 47 66990 Widebody 787 - 10 GEnx - 1B70 22 - Dec 1.7 140.1 149.2 144.2 144.2 Feb - 37 48 66985 Widebody 787 - 10 GEnx - 1B70 22 - Dec 1.7 140.1 149.2 144.2 144.2 Feb - 37 Total 3.8 $2,178 $2,300 $2,216 $2,203 15

Appendix A: Additional Aircraft Characteristics 16

Aircraft Collateral Pool Importance Aircraft type % of UAL 2024 - 1 (By Value) # of Aircraft Average Age by Type Importance to United 737 MAX 8 12% 5 0.9 ▪ Key component of the ‘United Next’ growth strategy, enabling reduced network reliance on regional aircraft ▪ Offers superior takeoff performance for destinations in the US, Caribbean, and Latin America that require increased capabilities 737 MAX 9 26% 11 1.1 ▪ Currently United’s largest MAX sub - fleet type and a key component of the ‘United Next’ growth strategy ▪ Key to United’s fleet renewal efforts and will replace certain aging narrowbody aircraft 787 - 10 33% 5 1.7 ▪ United’s largest 787 sub - fleet type, offering superior unit costs ▪ Expected to replace United’s older Boeing 767 and 777 aircraft, reducing carbon emissions by ~25% per seat and improving fuel burn economics and maintenance costs 777 - 300ER 9% 2 4.4 ▪ The largest aircraft in United’s fleet, serving high - demand long - haul markets that are critical to United’s international network and overall business 737 - 900ER 17% 21 11.8 ▪ Offers up - gauge opportunities from smaller - sized narrowbody aircraft for markets with higher demand ▪ Best per seat economics amongst 737NG aircraft 737 - 800 3% 4 13.5 ▪ United operates 141 737 - 800 aircraft, the most of any fleet type ▪ Combination of strong operating economics, passenger capacity and range capability for United’s domestic and Latin network 17

Boeing 737 MAX 8 Aircraft Sources: United Airlines, Inc, Cirium / Ascend Market Commentary Boeing 737 - 7/ - 8, Q2 2024 ▪ 737 MAX 8 is United’s youngest sub - fleet type and a key component of the ‘United Next’ growth strategy, helping expand its fleet and up - gauge on routes across its network. ▪ Accommodates 166 passengers in two - class configuration. ▪ Equipped with new signature interior providing best in class customer experience featuring larger overhead bins, seatback inflight entertainment, Bluetooth connectivity, LED mood lighting, and high - speed Wi - Fi. ▪ Offers superior takeoff performance for destinations in the US, Caribbean, and Latin America requiring increased capabilities. The Boeing 737 MAX 8 is the second largest variant of the 737 MAX family currently in service. ▪ Large single - aisle, transcontinental range narrowbody aircraft. ▪ High degree of commonality with other MAX family aircraft. — Significant order book exists for 737 MAX 8 aircraft with over 2,200 orders. ▪ Expected to contribute up to 8% better fuel efficiency and 7% lower operating costs relative to current - gen competition. ▪ 737 MAX 8 provides continuity to best - selling 737 - 800. General Spec: Winglets (Advanced Technology) Yes Automatic Approach and Landing Certificate CAT IIIA Extended Twin - Engine Operations (ETOPS) 180 minutes Engine Type / Thrust LEAP - 1B28 APU Manufacturer Honeywell Brakes and Wheels Manufacturer / Type Safran / Carbon Weights and Capacities: Fuel Capacity 6,820 US gal. Cargo Capacity (Max Volume) 1,540 ft 3 36% 29% 21% 6% 8% North America Asia Pacific Europe Latin America Others Boeing 737 - 7/ - 8 Airline Operators (In Service, Stored & On Order) No. of Aircraft Share of Fleet Southwest Airlines 703 22% Ryanair 154 5% United Airlines 123 4% SpiceJet 122 4% American Airlines 103 3% Others 2,006 62% Total 3,211 100% 18 Description Importance to United Top 5 Boeing 737 MAX 8 Customers (Disclosed) Boeing 737 - 7/ - 8 Fleet Distribution In Service, Stored & On Order United Boeing 737 MAX 8 Details

Boeing 737 MAX 9 Aircraft Sources: United Airlines, Inc, Cirium / Ascend Market Commentary Boeing 737 - 9/ - 10, Q2 2024 ▪ 737 MAX 9 is currently United’s largest 737 MAX variant, and a key component of the ‘United Next’ growth strategy, helping expand its fleet and up - gauge on routes across its network. ▪ Accommodates 179 passengers in two - class configuration. ▪ Equipped with new signature interior providing best in class customer experience featuring larger overhead bins, seatback inflight entertainment, Bluetooth connectivity, LED mood lighting, and high - speed Wi - Fi. ▪ Viewed as strong and versatile replacement for United's aging A320 and 757 narrowbody fleets. The Boeing 737 MAX 9 is the largest variant of the 737 MAX family currently in service ▪ Most 737 MAX 9 aircraft quickly returned to service following temporary grounding in January 2024 after an incident on an Alaska Airlines flight involving a door - plug. ▪ The 737 MAX 9 provides continuity to the 737 - 900ER along with 14% fuel savings. ▪ No all - new MAX replacement is planned before mid - 2030s. General Spec: Winglets (Advanced Technology) Yes Automatic Approach and Landing Certificate CAT IIIA Extended Twin - Engine Operations (ETOPS) 180 minutes Engine Type / Thrust LEAP - 1B28 APU Manufacturer Honeywell Brakes and Wheels Manufacturer / Type Safran / Carbon Weights and Capacities: Fuel Capacity 6,820 US gal. Cargo Capacity (Max Volume) 1,816 ft 3 Boeing 737 - 9/ - 10 Airline Operators (In Service, Stored & On Order) No. of Aircraft Share of Fleet United Airlines 348 26% Ryanair 150 11% Alaska Airlines 136 10% American Airlines 112 8% Delta Air Lines 100 8% Others 484 36% Total 1,330 100% 19 Description Importance to United Top 5 Boeing 737 MAX 9 Customers (Disclosed) Boeing 737 - 9/ - 10 Fleet Distribution In Service, Stored & On Order United Boeing 737 MAX 9 Details 56% 16% 16% 8% 4% North America Asia Pacific Europe Latin America Others

Boeing 737 - 800 Aircraft Sources: United Airlines, Inc, Cirium / Ascend Market Commentary Boeing 737 - 800, Q2 2024 ▪ United operates 141 737 - 800 aircraft, the most of any of its fleet types ▪ Accommodates 166 passengers in two - class configuration. ▪ Alongside the 737 - 900ER, are the workhorses of the narrowbody fleet, operating nearly 40% of United’s domestic mainline departures in 2023. ▪ Currently being refitted with United’s new signature interior, featuring larger overhead bins, seatback inflight entertainment, Bluetooth connectivity, and high - speed Wi - Fi to enable continued service for years to come. The Boeing 737 - 800 has large 166 - passenger capacity, which offers improved seat mile costs. ▪ The 737 - 800 remains a highly liquid single - aisle aircraft with around 200 operators. — The aircraft is popular among a good mix of mainline, charter, and low - cost carriers with a good regional distribution and is a favorite of the leasing community. ▪ There is strong leasing demand for the variant, driven by need for capacity and supply constraints on delivery of replacement MAX 8 and A320neo aircraft. General Spec: Winglets (Split Scimitar) Yes Automatic Approach and Landing Certificate CAT IIIA Extended Twin - Engine Operations (ETOPS) 180 minutes Engine Type / Thrust CFM56 - 7B26 APU Manufacturer Honeywell Brakes and Wheels Manufacturer / Type Honeywell / Steel Weights and Capacities: Fuel Capacity 6,875 US gal. Cargo Capacity (Max Volume) 1,555 ft 3 Boeing 737 - 800 Airline Operators (In Service & Stored) No. of Aircraft Share of Fleet American Airlines 303 7% Ryanair 208 5% Southwest Airlines 207 5% China Southern Airlines 161 4% United Airlines 141 3% Others 3,499 77% Total 4,519 100% 20 Description Importance to United Top 5 Boeing 737 - 800 Customers (Disclosed) Boeing 737 - 800 Fleet Distribution (In Service & Stored) United Boeing 737 - 800 details 41% 28% 21% 5% 5% Asia Pacific Europe North America Latin America Others

Boeing 737 - 900ER Aircraft Sources: United Airlines, Inc, Cirium / Ascend Market Commentary Boeing 737 - 900/900ER, Q2 2024 ▪ Key medium - sized narrowbody, offering up - gauge opportunities from smaller - sized aircraft for markets with stronger demand. ▪ Accommodates 179 passengers in two - class configuration. ▪ Alongside the 737 - 800, are the workhorses of the narrowbody fleet, operating nearly 40% of United’s domestic mainline departures in 2023. ▪ Currently being refitted with United’s new signature interior, featuring larger overhead bins, seatback inflight entertainment, Bluetooth connectivity, and high - speed Wi - Fi to enable continued service for years to come. The Boeing 737 - 900ER is particularly attractive to US operators due to additional seat count. ▪ Additional seat capacity is currently attractive due to market conditions and lack of supply. ▪ Boeing’s ongoing struggle with supply and quality issues in production of 737 MAX aircraft is driving strong demand for 737 NG family aircraft. General Spec: Winglets (Split Scimitar) Yes Automatic Approach and Landing Certificate CAT IIIA Extended Twin - Engine Operations (ETOPS) 180 minutes Engine Type / Thrust CFM56 - 7B26 APU Manufacturer Allied Signal Brakes and Wheels Manufacturer / Type Messier - Bugatti / Carbon Weights and Capacities: Fuel Capacity 6,875 US gal. Cargo Capacity (Max Volume) 1,824 ft 3 Boeing 737 - 900ER Airline Operators (In Service & Stored) No. of Aircraft Share of Fleet Delta Air Lines 163 31% United Airlines 136 26% Alaska Airlines 91 17% Korean Air 63 12% Saudia 15 3% Others 63 12% Total 531 100% 21 Description Importance to United Top 5 Boeing 737 - 900ER Customers (Disclosed) Boeing 737 - 900/900ER Fleet Distribution (In Service & Stored) United Boeing 737 - 900ER details 74% 18% 5% 3% North America Asia Pacific Europe Middle East

Boeing 777 - 300ER Aircraft Sources: United Airlines, Inc, Cirium / Ascend Market Commentary Boeing 777 - 300ER, Q2 2024 ▪ The 777 - 300ER is United’s largest capacity long - range widebody, serving high - demand international routes to key markets in Europe, Asia and Oceania. ▪ Largest Boeing 777 sub - fleet type, offering superior unit costs. ▪ Accommodates 350 passengers in three - class configuration. ▪ Equipped with Polaris and Premium Plus products providing best - in - class customer experience including direct aisle access seats and larger inflight entertainment screen. 777 - 300ER has a large belly cargo capacity, which is a positive for freight economics. ▪ Resurgence in travel demand coupled with delays in production of the 777 - 9 has brought many aircraft back into long - haul service. — Volume of aircraft in storage is down to around 6%, from a peak of over 60% in March 2020. — There are 48 aircraft in storage at the end of April 2024, which is down from 54 in February. ▪ The 777 - 300ER has more than 40 airline operators with a fleet of more than 750 in service. General Spec: Automatic Approach and Landing Certificate CAT IIIB Flight Deck Display PFD / ND Extended Twin - Engine Operations (ETOPS) 180 minutes Engine Type / Thrust GE90 - 115BL APU Manufacturer Honeywell Brakes and Wheels Manufacturer / Type Goodrich / Carbon Weights and Capacities: Fuel Capacity 47,890 US gal. Cargo Capacity (Max Volume) 7,120 ft 3 Boeing 777 - 300ER Airline Operators (In Service & Stored) No. of Aircraft Share of Fleet Emirates 123 16% Qatar Airways 57 7% Air France 43 5% Cathay Pacific 39 5% Saudia 35 4% Others 490 62% Total 787 100% 22 Description Importance to United Top 5 Boeing 777 - 300ER Customers (Disclosed) Boeing 777 - 300ER Fleet Distribution (In Service & Stored) United Boeing 777 - 300ER details 39% 30% 20% 8% 3% Asia Pacific Middle East Europe North America Africa

Boeing 787 - 10 Aircraft Sources: United Airlines, Inc, Cirium / Ascend Market Commentary Boeing 787 - 10, Q2 2024 ▪ Key component of the ‘United Next’ international growth strategy, flying primarily on Europe and Trans - Pacific routes. ▪ Largest Boeing 787 sub - fleet type, offering superior unit costs. ▪ Accommodates 318 passengers in three - class configuration ▪ Expected to replace United’s older Boeing 767 and Boeing 777 aircraft, reducing carbon emissions by ~25% per seat and improving fuel burn economics and maintenance costs. ▪ Equipped with Polaris and Premium Plus products providing best - in - class customer experience including direct aisle access seats and larger inflight entertainment screen. The Boeing 787 - 10 has 318 - passenger capacity which improved seat mile costs versus the 787 - 9. ▪ High degree of commonality with other 787 family aircraft. — Ongoing production issues continue to affect deliveries. The undelivered inventory of 787s stands at around 60 aircraft. ▪ With shorter range but more seats than the 787 - 9, the aircraft is ideal for high - density, medium - haul routes, including intra - Asia, transatlantic and Middle East to Asia and Europe. General Spec: Automatic Approach and Landing Certificate CAT IIIA Flight Deck Display 5 Multi - Function Displays Extended Twin - Engine Operations (ETOPS) 180 minutes Engine Type / Thrust GEnx - 1B70 APU Manufacturer Hamilton Sundstrand Brakes and Wheels Manufacturer / Type Goodrich / Carbon Weights and Capacities: Fuel Capacity 33,380 US gal. Cargo Capacity (Max Volume) 6,187 ft 3 Boeing 787 - 10 Airline Operators (In Service, Stored & On Order) No. of Aircraft Share of Fleet Etihad Airways 30 12% Saudia 29 11% Singapore Airlines 28 11% United Airlines 21 8% Korean Air 20 8% Others 128 50% Total 256 100% 23 Description Importance to United Top 5 Boeing 787 - 10 Customers (Disclosed) Boeing 787 - 10 Fleet Distribution In Service, Stored & On Order United Boeing 787 - 10 details 42% 28% 16% 13% 1% Asia Pacific Middle East North America Europe Africa

737 MAX 8 over 737-800W 737 MAX 8 over A320ceo (15%) (15%) (21%) 737 MAX – Leading Fuel Efficiency Improvements 1. The Boeing Company; 2. Assumes 874 nautical mile trip in 2023 U.S Dollars on a two class seating configuration (166 seats 737 - 800W, 150 seats A320ceo and 166 seats 737 - MAX 8) 3. Assumes 874 nautical mile trip in 2023 U.S Dollars on a two class seating configuration (179 seats 737 - 900ER, 150 seats A320ceo, 179 sea ts 737 - MAX 9) New technologies on the MAX family include advanced winglets, efficient engine architecture and superior aerodynamics. The LE AP engines facilitate a material portion of the efficiency and per seat CO2 emissions improvements. 737 MAX 8 Fuel Efficiency (Per Seat) 2 737 MAX 9 Fuel Efficiency (Per Seat) 3 Lower % Fuel use per seat Lower % Fuel use per seat 737 MAX 9 over 737-900ER 737 MAX 9 over A320ceo Advanced Technology Winglets More Efficient Seating Options Nacelle Chevrons Laminar Flow Nacelles Advanced Avionics R eduction i n fuel and CO 2 emissions 50% reduction i n noise footprint LEAP - 1B Engine Aerodynamic aft body High Bypass Ratio Engines 737 MAX technology minimizes noise and per seat emissions (compared with 737NG) 1 (22%) 24

787 Dreamliner – Technology Update 1. The Boeing Company; 2. Assumes 5,053 nautical mile trip in 2023 U.S Dollars on a two - class seating configuration (276 seats 7 77 - 200ER, 167 seats 767 - 300ERW, 257 seats 787 - 9, 318 seats 787 - 10) New technologies on 787 include advanced wing design, composite structure and fuel efficient engine technology. 787 - 9 Fuel Efficiency (Per Seat) 2 787 - 10 Fuel Efficiency (Per Seat) 2 Lower % Fuel use per seat 787-9 over 777-200ER 787-9 over 767-300ERW Lower % Fuel use per seat 787-10 over 777-200ER 787-10 over 767-300ERW High Aspect Ratio Wing Raked Wingtip Light - weight Structure Nacelle Chevrons Advanced Avionics One - Piece Fuselage Barrels 787 Dreamliner technology minimizes noise and per seat emissions (compared with 767 - 300ER) 1 Laminar Flow Nacelles R eduction i n fuel and CO 2 emissions 50% reduction i n noise footprint (18%) (29%) (32%) (40%) 25