UAL Chart
About

United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in the United States, Canada, Atlantic, the Pacific, and Latin America. It transports people and cargo through its mainline and regional fleets. The company also offers ground handling, flight academy, frequent flyer award non-travel redemptions, and maintenance services for third parties. In addition, it provides freight and mail transportation services to commercial businesses, freight forwarders, logistics firms, and national postal services, as well as loyalty programs. The company distributes its products through direct channels, such as the Company's website and the Company's mobile app; and traditional travel agencies, online travel agencies, and other intermediaries. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is based in Chicago, Illinois.

Fundamentals
Scroll to Statements
Sector Industrials Industry Airlines Market Cap 36.45B
Enterprise Value 55.21B Income 3.35B Sales 59.07B
Book/sh 47.24 Cash/sh 37.84 Dividend Yield —
Payout 0.00% Employees 113200 IPO —
P/E 11.04 Forward P/E 7.37 PEG —
P/S 0.62 P/B 2.38 P/C —
EV/EBITDA 7.12 EV/Sales 0.94 Quick Ratio 0.56
Current Ratio 0.65 Debt/Eq 203.09 LT Debt/Eq —
EPS (ttm) 10.20 EPS next Y 15.27 EPS Growth 8.10%
Revenue Growth 4.80% Earnings 2026-04-14 ROA 4.23%
ROE 23.99% ROIC — Gross Margin 33.96%
Oper. Margin 9.14% Profit Margin 5.68% Shs Outstand 323.43M
Shs Float 320.79M Short Float 3.92% Short Ratio 2.30
Short Interest — 52W High 119.21 52W Low 52.00
Beta 1.26 Avg Volume 5.25M Volume 5.76M
Target Price $138.60 Recom Strong_buy Prev Close $107.17
Price $112.59 Change 5.06%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$138.60
Mean price target
2. Current target
$112.59
Latest analyst target
3. DCF / Fair value
$61.16
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$112.59
Low
$98.00
High
$156.00
Mean
$138.60

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-22 main TD Cowen Buy → Buy $140
2026-01-22 main UBS Buy → Buy $147
2026-01-22 main Argus Research Buy → Buy $135
2026-01-13 main Goldman Sachs Buy → Buy $129
2026-01-12 main Barclays Overweight → Overweight $150
2026-01-09 main Susquehanna Positive → Positive $150
2026-01-07 main Citigroup Buy → Buy $153
2026-01-07 main TD Cowen Buy → Buy $138
2026-01-06 main UBS Buy → Buy $145
2026-01-06 main B of A Securities Buy → Buy $130
2025-12-18 init Wells Fargo — → Overweight $145
2025-12-09 init BMO Capital — → Outperform $125
2025-12-04 init Citigroup — → Buy $132
2025-10-20 main JP Morgan Overweight → Overweight $156
2025-10-20 main TD Cowen Buy → Buy $138
2025-10-17 main UBS Buy → Buy $128
2025-10-17 main Barclays Overweight → Overweight $135
2025-10-03 main Susquehanna Positive → Positive $115
2025-10-01 main Barclays Overweight → Overweight $115
2025-10-01 main Jefferies Buy → Buy $125
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 199235 — — Stock Award(Grant) at price 0.00 per share. KIRBY JOHN SCOTT Chief Executive Officer — 2026-02-13 00:00:00 D
1 48509 — — Stock Award(Grant) at price 0.00 per share. NOCELLA ANDREW P Officer — 2026-02-13 00:00:00 D
2 120486 — — Stock Award(Grant) at price 0.00 per share. HART BRETT J President — 2026-02-13 00:00:00 D
3 56122 — — Stock Award(Grant) at price 0.00 per share. GEBO KATE Officer — 2026-02-13 00:00:00 D/I
4 56699 — — Stock Award(Grant) at price 0.00 per share. ENQVIST TORBJORN J Chief Operating Officer — 2026-02-13 00:00:00 D
5 28337 — — Stock Award(Grant) at price 0.00 per share. LESKINEN MICHAEL D. Chief Financial Officer — 2026-02-13 00:00:00 D
6 485 — — Stock Award(Grant) at price 0.00 per share. BOKEMEIER BRIGITTE Officer — 2026-02-13 00:00:00 D
7 5695 — — Stock Gift at price 0.00 per share. HART BRETT J President — 2026-02-03 00:00:00 D
8 19000 2022569.0 — Sale at price 106.45 per share. HART BRETT J President — 2026-02-02 00:00:00 D
9 20000 — — Stock Gift at price 0.00 per share. KIRBY JOHN SCOTT Chief Executive Officer — 2025-12-03 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-56.22M-76.03M-209.34M-30.67M
TaxRateForCalcs0.220.240.230.26
NormalizedEBITDA8.67B8.81B8.75B5.24B
TotalUnusualItems-254.00M-311.00M-922.00M-120.00M
TotalUnusualItemsExcludingGoodwill-254.00M-311.00M-922.00M-120.00M
NetIncomeFromContinuingOperationNetMinorityInterest3.35B3.15B2.62B737.00M
ReconciledDepreciation2.94B2.93B2.67B2.46B
ReconciledCostOfRevenue42.07B40.57B38.52B34.31B
EBITDA8.41B8.50B7.83B5.12B
EBIT5.47B5.57B5.16B2.66B
NetInterestIncome-556.00M-676.00M-947.00M-1.38B
InterestExpense1.17B1.40B1.77B1.67B
InterestIncome611.00M726.00M827.00M298.00M
NormalizedIncome3.55B3.38B3.33B826.33M
NetIncomeFromContinuingAndDiscontinuedOperation3.35B3.15B2.62B737.00M
TotalExpenses54.10B51.85B48.56B42.48B
RentExpenseSupplemental4.10B3.63B3.27B2.83B
TotalOperatingIncomeAsReported4.71B5.10B4.21B2.34B
DilutedAverageShares328.50M333.20M331.90M330.10M
BasicAverageShares323.47M327.90M328.02M326.93M
DilutedEPS10.209.457.892.23
BasicEPS10.379.607.982.25
DilutedNIAvailtoComStockholders3.35B3.15B2.62B737.00M
NetIncomeCommonStockholders3.35B3.15B2.62B737.00M
NetIncome3.35B3.15B2.62B737.00M
NetIncomeIncludingNoncontrollingInterests3.35B3.15B2.62B737.00M
NetIncomeContinuousOperations3.35B3.15B2.62B737.00M
TaxProvision953.00M1.02B769.00M253.00M
PretaxIncome4.31B4.17B3.39B990.00M
OtherIncomeExpense-110.00M-364.00M-826.00M-112.00M
OtherNonOperatingIncomeExpenses144.00M-53.00M96.00M8.00M
SpecialIncomeCharges-258.00M-112.00M-949.00M-140.00M
GainOnSaleOfPPE303.00M-112.00M-135.00M-140.00M
OtherSpecialCharges-4.02B
ImpairmentOfCapitalAssets0.000.0097.00M
RestructuringAndMergernAcquisition561.00M0.00814.00M0.00
GainOnSaleOfSecurity4.00M-199.00M27.00M20.00M
NetNonOperatingInterestIncomeExpense-556.00M-676.00M-947.00M-1.38B
InterestExpenseNonOperating1.17B1.40B1.77B1.67B
InterestIncomeNonOperating611.00M726.00M827.00M298.00M
OperatingIncome4.97B5.21B5.16B2.48B
OperatingExpense12.03B11.28B10.04B8.16B
OtherOperatingExpenses9.92B9.05B8.06B6.63B
SellingGeneralAndAdministration2.11B2.23B1.98B1.53B
SellingAndMarketingExpense2.11B2.23B1.98B1.53B
GrossProfit17.00B16.49B15.20B10.64B
CostOfRevenue42.07B40.57B38.52B34.31B
TotalRevenue59.07B57.06B53.72B44.95B
OperatingRevenue55.22B53.57B50.54B42.20B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber323.47M327.90M328.02M326.93M
ShareIssued323.47M327.90M328.02M326.93M
NetDebt19.05B19.89B25.60B24.03B
TotalDebt31.04B33.63B36.74B36.43B
TangibleBookValue8.10B5.47B2.07B-393.00M
InvestedCapital40.27B41.33B40.98B38.09B
WorkingCapital-9.28B-4.43B-3.72B66.00M
NetTangibleAssets8.10B5.47B2.07B-393.00M
CapitalLeaseObligations6.05B4.98B5.08B5.24B
CommonStockEquity15.28B12.68B9.32B6.90B
TotalCapitalization35.84B37.88B36.74B35.18B
TotalEquityGrossMinorityInterest15.28B12.68B9.32B6.90B
StockholdersEquity15.28B12.68B9.32B6.90B
GainsLossesNotAffectingRetainedEarnings48.00M188.00M-62.00M175.00M
OtherEquityAdjustments48.00M188.00M-62.00M175.00M
TreasuryStock3.77B3.38B3.44B3.53B
RetainedEarnings10.09B6.88B3.83B1.26B
AdditionalPaidInCapital8.91B8.98B8.99B8.99B
CapitalStock4.00M4.00M4.00M4.00M
CommonStock4.00M4.00M4.00M4.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest61.17B61.41B61.78B60.46B
TotalNonCurrentLiabilitiesNetMinorityInterest35.03B38.09B39.58B40.47B
OtherNonCurrentLiabilities1.48B1.53B1.41B2.21B
DerivativeProductLiabilities844.00M863.00M
EmployeeBenefits1.06B1.23B1.60B1.42B
NonCurrentPensionAndOtherPostretirementBenefitPlans1.06B1.23B1.60B1.42B
NonCurrentDeferredLiabilities6.52B5.62B4.64B3.98B
NonCurrentDeferredRevenue4.06B4.04B4.05B3.98B
NonCurrentDeferredTaxesLiabilities2.46B1.58B594.00M0.00
LongTermDebtAndCapitalLeaseObligation25.98B29.71B31.92B32.86B
LongTermCapitalLeaseObligation5.42B4.51B4.50B4.57B
LongTermDebt20.56B25.20B27.41B28.28B
CurrentLiabilities26.13B23.31B22.20B19.99B
OtherCurrentLiabilities757.00M948.00M806.00M802.00M
CurrentDeferredLiabilities11.85B10.96B9.80B10.25B
CurrentDeferredRevenue11.85B10.96B9.80B10.25B
CurrentDebtAndCapitalLeaseObligation5.06B3.92B4.82B3.58B
CurrentCapitalLeaseObligation631.00M467.00M576.00M665.00M
CurrentDebt4.43B3.45B4.25B2.91B
OtherCurrentBorrowings4.43B3.45B4.25B2.91B
PayablesAndAccruedExpenses8.47B7.48B6.78B5.37B
CurrentAccruedExpenses3.90B3.29B2.94B1.97B
Payables4.57B4.19B3.83B3.40B
AccountsPayable4.57B4.19B3.83B3.40B
TotalAssets76.45B74.08B71.10B67.36B
TotalNonCurrentAssets59.59B55.20B52.62B47.30B
OtherNonCurrentAssets245.00M210.00M213.00M
NonCurrentDeferredAssets0.0091.00M659.00M
NonCurrentDeferredTaxesAssets0.0091.00M659.00M
NonCurrentNoteReceivables76.00M
InvestmentsAndAdvances1.33B1.27B1.64B1.37B
LongTermEquityInvestment1.33B1.27B1.64B1.37B
InvestmentsinAssociatesatCost1.34B
GoodwillAndOtherIntangibleAssets7.18B7.21B7.25B7.29B
OtherIntangibleAssets2.66B2.68B2.73B2.76B
Goodwill4.53B4.53B4.53B4.53B
NetPPE51.08B46.72B43.73B38.34B
AccumulatedDepreciation-27.47B-25.12B-22.71B-20.48B
GrossPPE78.54B71.85B66.44B58.82B
ConstructionInProgress3.51B3.43B3.55B2.82B
OtherProperties18.16B15.72B14.44B13.22B
CurrentAssets16.86B18.88B18.49B20.06B
OtherCurrentAssets670.00M673.00M640.00M689.00M
RestrictedCash31.00M45.00M37.00M
PrepaidAssets745.00M
Inventory1.56B1.57B1.56B1.11B
Receivables2.39B2.16B1.90B1.80B
AccountsReceivable2.39B2.16B1.90B1.80B
AllowanceForDoubtfulAccountsReceivable-18.00M-11.00M-28.00M
GrossAccountsReceivable1.92B1.81B1.69B
CashCashEquivalentsAndShortTermInvestments12.24B14.47B14.39B16.41B
OtherShortTermInvestments6.30B5.71B8.33B9.25B
CashAndCashEquivalents5.94B8.77B6.06B7.17B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow2.56B3.83B-260.00M1.25B
RepurchaseOfCapitalStock-637.00M-162.00M0.000.00
RepaymentOfDebt-4.77B-10.14B-4.25B-4.01B
IssuanceOfDebt578.00M6.14B2.39B736.00M
IssuanceOfCapitalStock0.000.00532.00M
CapitalExpenditure-5.87B-5.62B-7.17B-4.82B
InterestPaidSupplementalData1.33B1.49B1.85B1.57B
IncomeTaxPaidSupplementalData62.00M88.00M7.00M8.00M
EndCashPosition6.08B8.95B6.33B7.42B
BeginningCashPosition8.95B6.33B7.42B18.53B
ChangesInCash-2.87B2.61B-1.09B-11.11B
FinancingCashFlow-4.95B-4.18B-1.89B-3.35B
CashFlowFromContinuingFinancingActivities-4.95B-4.18B-1.89B-3.35B
NetOtherFinancingCharges-115.00M-21.00M-32.00M-74.00M
NetCommonStockIssuance-637.00M-162.00M0.000.00
CommonStockPayments-637.00M-162.00M0.000.00
CommonStockIssuance0.000.00532.00M
NetIssuancePaymentsOfDebt-4.19B-4.00B-1.86B-3.27B
NetLongTermDebtIssuance-4.19B-4.00B-1.86B-3.27B
LongTermDebtPayments-4.77B-10.14B-4.25B-4.01B
LongTermDebtIssuance578.00M6.14B2.39B736.00M
InvestingCashFlow-6.35B-2.65B-6.11B-13.83B
CashFlowFromContinuingInvestingActivities-6.35B-2.65B-6.11B-13.83B
NetOtherInvestingChanges-95.00M3.00M-23.00M-69.00M
NetInvestmentPurchaseAndSale-479.00M2.85B1.05B-9.15B
SaleOfInvestment7.28B8.66B10.52B2.08B
PurchaseOfInvestment-7.76B-5.81B-9.47B-11.23B
NetPPEPurchaseAndSale98.00M109.00M39.00M207.00M
SaleOfPPE98.00M109.00M39.00M207.00M
CapitalExpenditureReported-5.87B-5.62B-7.17B-4.82B
OperatingCashFlow8.43B9.45B6.91B6.07B
CashFlowFromContinuingOperatingActivities8.43B9.45B6.91B6.07B
ChangeInWorkingCapital1.19B1.90B664.00M2.25B
ChangeInOtherWorkingCapital906.00M1.16B-383.00M1.59B
ChangeInOtherCurrentLiabilities171.00M454.00M1.04B110.00M
ChangeInOtherCurrentAssets-86.00M-292.00M
ChangeInPayablesAndAccruedExpense674.00M178.00M572.00M796.00M
ChangeInPayable674.00M178.00M572.00M796.00M
ChangeInAccountPayable674.00M178.00M572.00M796.00M
ChangeInPrepaidAssets-264.00M-166.00M-463.00M-86.00M
ChangeInReceivables-297.00M280.00M-100.00M-158.00M
OtherNonCashItems28.00M333.00M229.00M390.00M
UnrealizedGainLossOnInvestmentSecurities-4.00M199.00M-27.00M-20.00M
DeferredTax925.00M935.00M756.00M248.00M
DeferredIncomeTax925.00M935.00M756.00M248.00M
DepreciationAmortizationDepletion2.94B2.93B2.67B2.46B
DepreciationAndAmortization2.94B2.93B2.67B2.46B
OperatingGainsLosses34.00M
GainLossOnInvestmentSecurities34.00M
NetIncomeFromContinuingOperations3.35B3.15B2.62B737.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for UAL
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