United Airlines Holdings (UAL) Total Debt (2009 - 2026)
United Airlines Holdings' Total Debt came in at $26.46 billion for Q2 2026, down 2.3% from $27.08 billion a year earlier but up 9.4% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, United Airlines Holdings' Total Debt was $24.99 billion, down 12.8% from FY2024.
- Total Debt carries a five-year compound annual growth rate of -1.4% (FY2020 to FY2025).
- Going back by year, Total Debt was $28.66 billion in FY2024 (-9.5%), $31.66 billion in FY2023 (+1.5%), $31.19 billion in FY2022 (-6.5%) and $33.36 billion in FY2021 (+24.7%).
- The five-year range for quarterly Total Debt is $24.19 billion (Q1 2026) to $33.79 billion (Q3 2021).
- Year-over-year, Total Debt has declined for four consecutive quarters, with an average decline of 5.8% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q3 2021 (growth of 25.7%), and the weakest in Q3 2024 (a decline of 13.8%).
- Business Quant data shows UAL's Total Debt at $24.19 billion (Q1 2026), $24.99 billion (Q4 2025) and $25.43 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 30.33 Bn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 18.86 Bn |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 18.18 Bn |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 16.62 Bn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 24.48 Bn |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 25.71 Bn |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 15.05 Bn |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 20.00 Mn |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 26.46 Bn |
| 10 | Ryanair Holdings | 28.73 Bn | 12.74 Bn | 3.13 Bn | 67.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.46 Bn |
| Mar 31, 2026 | 24.19 Bn |
| Dec 31, 2025 | 24.99 Bn |
| Sep 30, 2025 | 25.43 Bn |
| Jun 30, 2025 | 27.08 Bn |
| Mar 31, 2025 | 27.66 Bn |
| Dec 31, 2024 | 28.66 Bn |
| Sep 30, 2024 | 25.49 Bn |
| Jun 30, 2024 | 26.44 Bn |
| Mar 31, 2024 | 27.02 Bn |
| Dec 31, 2023 | 31.66 Bn |
| Sep 30, 2023 | 29.58 Bn |
| Jun 30, 2023 | 30.29 Bn |
| Mar 31, 2023 | 30.67 Bn |
| Dec 31, 2022 | 31.19 Bn |
| Sep 30, 2022 | 31.45 Bn |
| Jun 30, 2022 | 32.19 Bn |
| Mar 31, 2022 | 32.66 Bn |
| Dec 31, 2021 | 33.36 Bn |
| Sep 30, 2021 | 33.79 Bn |
API Access
United Airlines Holdings Total Debt 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=total-debt&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();