United Airlines Holdings (UAL) Free Cash Flow (2009 - 2026)
United Airlines Holdings (UAL) reported Free Cash Flow of -$1.67 billion for Q3 2026, compared with -$246 million a year earlier.
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Analysis
United Airlines Holdings (UAL) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, United Airlines Holdings' Free Cash Flow came in at $1.12 billion, down 69.9% year-over-year; for FY2025, it was $2.56 billion, down 33.2% from FY2024.
- By year, Free Cash Flow came in at $3.83 billion in FY2024, -$260 million in FY2023, $1.25 billion in FY2022 and -$40 million in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Free Cash Flow since Q4 2023.
- Year over year, Free Cash Flow gained in two of the last four quarters, with an average decline of 5.9%.
- The high point for year-over-year Free Cash Flow in five years was Q1 2025 (growth of 67.1%); the low point was Q2 2026 (a decline of 71.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $267 million (Q2 2026), $3.13 billion (Q1 2026) and -$604 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 1.76 Bn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.02 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 699.79 Mn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 166.00 Mn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 736.00 Mn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 300.00 Mn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 195.66 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | -1.67 Bn |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 1.95 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -1.67 Bn |
| Jun 30, 2026 | 267.00 Mn |
| Mar 31, 2026 | 3.13 Bn |
| Dec 31, 2025 | -604.00 Mn |
| Sep 30, 2025 | -246.00 Mn |
| Jun 30, 2025 | 930.00 Mn |
| Mar 31, 2025 | 2.48 Bn |
| Dec 31, 2024 | 549.00 Mn |
| Sep 30, 2024 | 88.00 Mn |
| Jun 30, 2024 | 1.71 Bn |
| Mar 31, 2024 | 1.48 Bn |
| Dec 31, 2023 | -2.98 Bn |
| Sep 30, 2023 | -962.00 Mn |
| Jun 30, 2023 | 2.38 Bn |
| Mar 31, 2023 | 1.30 Bn |
| Dec 31, 2022 | -1.38 Bn |
| Sep 30, 2022 | -587.00 Mn |
| Jun 30, 2022 | 2.14 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | -805.00 Mn |
API Access
United Airlines Holdings Free Cash Flow 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=free-cash-flow&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();