United Airlines Holdings (UAL) Cash from Operations (2009 - 2026)
United Airlines Holdings' Cash from Operations came in at $1.61 billion for Q2 2026, down 27.4% from $2.22 billion a year earlier and down 66.5% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Cash from Operations (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, United Airlines Holdings reported Cash from Operations of $8.91 billion, down 7.6% year-over-year; for FY2025, it was $8.43 billion, down 10.7% from FY2024.
- Going back by year, Cash from Operations was $9.45 billion in FY2024 (+36.7%), $6.91 billion in FY2023 (+13.9%), $6.07 billion in FY2022 (+193.5%) and $2.07 billion in FY2021.
- The five-year range for quarterly Cash from Operations is -$910 million (Q4 2023) to $4.8 billion (Q1 2026).
- Year-over-year, Cash from Operations increased in three of the last seven quarters, with growth averaging 2.7%.
- The fastest year-over-year change in Cash from Operations over five years came in Q1 2022 (growth of 230.2%), and the weakest in Q4 2025 (a decline of 42.2%).
- Business Quant data shows UAL's Cash from Operations at $4.8 billion (Q1 2026), $1.29 billion (Q4 2025) and $1.22 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 3.08 Bn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 1.33 Bn |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 1.25 Bn |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 1.05 Bn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 859.00 Mn |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 3.27 Bn |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 1.60 Bn |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 272.70 Mn |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 1.61 Bn |
| 10 | Ryanair Holdings | 28.73 Bn | 12.74 Bn | 3.13 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.61 Bn |
| Mar 31, 2026 | 4.80 Bn |
| Dec 31, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.22 Bn |
| Jun 30, 2025 | 2.22 Bn |
| Mar 31, 2025 | 3.71 Bn |
| Dec 31, 2024 | 2.22 Bn |
| Sep 30, 2024 | 1.50 Bn |
| Jun 30, 2024 | 2.88 Bn |
| Mar 31, 2024 | 2.85 Bn |
| Dec 31, 2023 | -910.00 Mn |
| Sep 30, 2023 | 880.00 Mn |
| Jun 30, 2023 | 3.80 Bn |
| Mar 31, 2023 | 3.14 Bn |
| Dec 31, 2022 | 1.16 Bn |
| Sep 30, 2022 | 741.00 Mn |
| Jun 30, 2022 | 2.69 Bn |
| Mar 31, 2022 | 1.48 Bn |
| Dec 31, 2021 | -269.00 Mn |
| Sep 30, 2021 | -786.00 Mn |
API Access
United Airlines Holdings Cash from Operations 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=cash-from-operations&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();