United Airlines Holdings (UAL) Cash from Operations (2009 - 2026)
United Airlines Holdings' Cash from Operations came in at $465 million for Q3 2026, down 61.8% from $1.22 billion a year earlier and down 71.1% 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 Sep 30, 2026, United Airlines Holdings reported Cash from Operations of $8.16 billion, down 12.9% 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 Q3 2026 figure represents the lowest quarterly Cash from Operations since Q4 2023.
- Year-over-year, Cash from Operations increased in two of the last seven quarters, with an average decline of 16.2%.
- 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 Q3 2026 (a decline of 61.8%).
- Business Quant data shows UAL's Cash from Operations at $1.61 billion (Q2 2026), $4.8 billion (Q1 2026) and $1.29 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 2.79 Bn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.62 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 1.25 Bn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 859.00 Mn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 1.32 Bn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 3.27 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 1.71 Bn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 272.70 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 465.00 Mn |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 1.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 465.00 Mn |
| 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 |
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();