UAL - NASDAQ
United Airlines Holdings, Inc.
$105.14
-3.4%United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
At a Glance
Live SnapshotUnited Airlines Holdings, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Neutral working capital impact. Changes in current assets and liabilities balanced out.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
United Airlines Holdings, Inc. Cash Flow Statement
UAL • NASDAQ
| United Airlines Holdings, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
0.0 | 3.1B | 2.6B | 737M | -2B | -7.1B | 3B | 2.1B | 2.1B | 2.2B | 7.3B | 1.1B | 571M | -723M | 840M | 253M | -651M | -5.3B | 403M | 25M | |
0.0 | 2.9B | 2.7B | 2.5B | 2.5B | 2.5B | 2.3B | 2.2B | 2.1B | 2B | 1.8B | 1.7B | 1.7B | 1.4B | 1.5B | 1.1B | 902M | 932M | 925M | 873M | |
0.0 | 935M | 756M | 248M | -583M | -1.7B | 882M | 512M | 957M | 1.6B | -3.2B | 13M | -14M | 13M | -6M | 6M | -16M | -26M | 310M | 21M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 73M | 0.0 | 58M | 0.0 | 11M | 14M | 17M | 14M | 21M | 31M | 49M | 0.0 | |
8.4B | 532M | 202M | 370M | 459M | 2B | 207M | 582M | 51M | 529M | 304M | 57M | 57M | 341M | -63M | 264M | 843M | 3.4B | 137M | 644M | |
(0.0) | (88M) | (7M) | (8M) | (0.0) | (0.0) | (29M) | (19M) | (20M) | (14M) | (15M) | -16M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (3M) | (10M) | (0.0) | |
0.0 | 1.9B | 664M | 2.3B | 1.7B | 227M | 523M | 783M | -1.9B | -846M | -352M | -247M | -870M | -151M | 73M | 291M | -133M | -246M | 310M | -1M | |
8.4B | 9.4B | 6.9B | 6.1B | 2.1B | -4.1B | 6.9B | 6.2B | 3.5B | 5.5B | 6B | 2.6B | 1.4B | 935M | 2.4B | 1.9B | 966M | -1.2B | 2.1B | 1.6B | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-5.9B | -5.6B | -7.2B | -4.8B | -2.1B | -1.7B | -4.5B | -4.1B | -3.9B | -3.2B | -2.7B | -2B | -2.2B | -2B | -700M | -371M | -317M | -415M | -658M | -362M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -36M | -139M | -2M | (28M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (3.7B) | (243M) | -2.2B | (19M) | (39M) | |
-7.8B | -5.8B | -9.5B | -11.2B | -68M | -552M | -2.9B | -2.6B | -3.2B | -2.8B | -2.5B | -1B | -120M | -245M | -898M | (0.0) | (10M) | (0.0) | -2.1B | -125M | |
7.3B | 8.7B | 10.5B | 2.1B | 397M | 2.3B | 3B | 2.6B | 3.2B | 2.7B | 2.7B | 584M | 0.0 | 0.0 | 0.0 | 0.0 | 10M | 2.3B | 128M | 56M | |
3M | 112M | 16M | 138M | 106M | 10M | -59M | -310M | 6M | 13M | 64M | 206M | 262M | 304M | -201M | -7M | -26M | 3B | 30M | 142M | |
-6.4B | -2.7B | -6.1B | -13.8B | -1.7B | (50M) | -4.6B | -4.5B | -3.9B | -3.2B | -2.5B | -2.3B | -2B | -2B | -1.8B | (3.3B) | -80M | (2.7B) | -2.6B | -250M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-637M | -162M | 0.0 | 0.0 | 532M | 1.8B | -1.6B | -1.2B | -1.8B | -2.6B | -1.2B | -312M | -3M | 0.0 | 0.0 | -3M | 220M | 96M | -11M | 6M | |
-4.2B | -4B | -1.9B | -3.3B | 5.9B | 11.2B | 395M | -212M | 1.7B | -543M | -1.2B | -1.2B | -896M | -467M | -2.5B | -454M | -126M | -702M | -2.3B | 770M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -353M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -253M | (0.0) | (0.0) | |
-637M | -162M | (0.0) | (0.0) | (0.0) | -353M | -1.6B | -1.2B | -1.8B | -2.6B | -1.2B | -312M | -3M | -4M | (0.0) | -3M | -2M | -11M | -11M | -4M | |
-115M | -21M | -32M | -74M | -27M | 333M | -30M | -54M | -199M | -56M | -34M | -86M | -73M | 13M | 41M | 257M | 23M | 157M | 117M | 6M | |
-4.9B | -4.2B | -1.9B | -3.3B | 6.4B | 13B | -1.3B | -1.5B | -383M | -3.2B | -2.5B | -1.6B | -972M | -454M | -2.4B | -200M | 117M | -702M | -2.1B | 782M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-2.9B | 2.6B | -1.1B | -11.1B | 6.8B | 8.9B | 1.1B | 208M | -712M | -909M | 1B | -1.2B | -1.6B | -1.5B | -1.8B | 5B | 1B | 780M | -2.6B | 2.1B | |
8.9B | 6.3B | 7.4B | 18.5B | 11.7B | 2.9B | 1.8B | 1.6B | 2.3B | 3.2B | 2B | 3.2B | 4.8B | 6.2B | 8.1B | 3B | 2B | 1.3B | 3.8B | 1.8B | |
6.1B | 8.9B | 6.3B | 7.4B | 18.5B | 11.7B | 2.9B | 1.8B | 1.6B | 2.3B | 3B | 2B | 3.2B | 4.8B | 6.2B | 8.1B | 3B | 2B | 1.3B | 3.8B | |
2.6B | 3.8B | -260M | 1.2B | -40M | -5.9B | 2.4B | 2.1B | -396M | 2.3B | 3.2B | 629M | -720M | -1.1B | 1.7B | 1.5B | 649M | -1.7B | 1.5B | 1.2B |
SEC Filings
UAL - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 22, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 27, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 22, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 07, 2026 | May 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 12, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 06, 2026 | February 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 02, 2026 | February 02, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 20, 2026 | January 20, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 16, 2025 | September 30, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.