United Airlines Holdings (UAL) Capital Expenditures (2009 - 2026)
United Airlines Holdings (UAL) reported Capital Expenditures of $1.34 billion for Q2 2026, up 4.4% from $1.29 billion a year earlier but down 19.7% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, United Airlines Holdings' Capital Expenditures came in at $6.37 billion, up 13.6% 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%).
- Five-year quarterly Capital Expenditures spans a low of $266 million in Q3 2021 and a high of $2.54 billion in Q4 2022.
- Year over year, Capital Expenditures has now increased in each of the last five quarters, with growth averaging 1.9% 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 Q2 2026 came in at $1.67 billion (Q1 2026), $1.89 billion (Q4 2025) and $1.46 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 873.00 Mn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 576.00 Mn |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 547.98 Mn |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 439.00 Mn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 693.00 Mn |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 1.47 Bn |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | -786.00 Mn |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 77.04 Mn |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 1.34 Bn |
| 10 | Ryanair Holdings | 28.73 Bn | 12.74 Bn | 3.13 Bn | -551.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 266.00 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();