United Airlines Holdings (UAL) EBITDA (2009 - 2026)
United Airlines Holdings' EBITDA came in at $2.22 billion for Q3 2026, up 4.6% from $2.13 billion a year earlier and up 19.6% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) EBITDA (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, United Airlines Holdings reported EBITDA of $7.97 billion, up 2.4% year-over-year; for FY2025, it came in at $7.73 billion, down 5.6% from FY2024.
- Going back by year, EBITDA was $8.19 billion in FY2024 (+16.7%), $7.02 billion in FY2023 (+41.9%), $4.95 billion in FY2022 (+202.9%) and $1.63 billion in FY2021.
- The Q3 2026 figure represents the highest quarterly EBITDA since Q4 2024.
- Year-over-year, EBITDA increased in four of the last eight quarters, with growth averaging 11.3%.
- The fastest year-over-year change in EBITDA over five years came in Q4 2022 (growth of 848.3%), and the weakest in Q2 2025 (a decline of 22.3%).
- Business Quant data shows UAL's EBITDA at $1.86 billion (Q2 2026), $1.75 billion (Q1 2026) and $2.13 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 3.59 Bn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.98 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 1.44 Bn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 1.91 Bn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 1.51 Bn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 2.68 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 2.13 Bn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 557.01 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 2.22 Bn |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 1.15 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.22 Bn |
| Jun 30, 2026 | 1.86 Bn |
| Mar 31, 2026 | 1.75 Bn |
| Dec 31, 2025 | 2.13 Bn |
| Sep 30, 2025 | 2.13 Bn |
| Jun 30, 2025 | 2.06 Bn |
| Mar 31, 2025 | 1.33 Bn |
| Dec 31, 2024 | 2.26 Bn |
| Sep 30, 2024 | 2.31 Bn |
| Jun 30, 2024 | 2.65 Bn |
| Mar 31, 2024 | 807.00 Mn |
| Dec 31, 2023 | 1.68 Bn |
| Sep 30, 2023 | 2.40 Bn |
| Jun 30, 2023 | 2.19 Bn |
| Mar 31, 2023 | 612.00 Mn |
| Dec 31, 2022 | 2.00 Bn |
| Sep 30, 2022 | 2.07 Bn |
| Jun 30, 2022 | 1.49 Bn |
| Mar 31, 2022 | -765.00 Mn |
| Dec 31, 2021 | 211.00 Mn |
API Access
United Airlines Holdings EBITDA 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=ebitda&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();