United Airlines Holdings (UAL) Capital Expenditures (2009 - 2026)
United Airlines Holdings (UAL) reported Capital Expenditures of $2.14 billion for Q3 2026, up 46.1% from $1.46 billion a year earlier and up 59.3% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, United Airlines Holdings' Capital Expenditures came in at $7.04 billion, up 24.5% year-over-year; for FY2025, it was $5.87 billion, up 4.6% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 27.7% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $5.62 billion in FY2024 (-21.7%), $7.17 billion in FY2023 (+48.8%), $4.82 billion in FY2022 (+128.7%) and $2.11 billion in FY2021 (+22.0%).
- The Q3 2026 figure ranks as the highest quarterly Capital Expenditures since Q4 2022.
- Year over year, Capital Expenditures has now increased in each of the last six quarters, with growth averaging 10.6% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q4 2021 (growth of 452.6%); the low point was Q2 2022 (a decline of 36.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.34 billion (Q2 2026), $1.67 billion (Q1 2026) and $1.89 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 1.02 Bn |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 593.00 Mn |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 497.00 Mn |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 437.89 Mn |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 1.47 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 586.00 Mn |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 1.41 Bn |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 2.14 Bn |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 67.04 Mn |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | -345.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.14 Bn |
| Jun 30, 2026 | 1.34 Bn |
| Mar 31, 2026 | 1.67 Bn |
| Dec 31, 2025 | 1.89 Bn |
| Sep 30, 2025 | 1.46 Bn |
| Jun 30, 2025 | 1.29 Bn |
| Mar 31, 2025 | 1.23 Bn |
| Dec 31, 2024 | 1.68 Bn |
| Sep 30, 2024 | 1.41 Bn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | 1.37 Bn |
| Dec 31, 2023 | 2.07 Bn |
| Sep 30, 2023 | 1.84 Bn |
| Jun 30, 2023 | 1.42 Bn |
| Mar 31, 2023 | 1.84 Bn |
| Dec 31, 2022 | 2.54 Bn |
| Sep 30, 2022 | 1.33 Bn |
| Jun 30, 2022 | 550.00 Mn |
| Mar 31, 2022 | 402.00 Mn |
| Dec 31, 2021 | 536.00 Mn |
API Access
United Airlines Holdings Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "UAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();