Latest period
$6.31B
YoY change
+4.6%
5Y CAGR
+27.7%
Peak year (2023)
$7.17B
Cumulative CapEx
$88.51B
CapEx history chart for United Airlines Holdings (UAL) from 1985 to 2025
Latest: $5.87B
CapEx growth chart for United Airlines Holdings (UAL) from 1985 to 2025
Latest: +4.6%
CapEx history table for United Airlines Holdings (UAL) from 1985 to 2025
| 2025 | $5.87B | +4.6% | +$259.00M | ||
| 2024 | $5.62B | -21.7% | −$1.56B | ||
| 2023 | $7.17B | +48.8% | +$2.35B | ||
| 2022 | $4.82B | +128.7% | +$2.71B | ||
| 2021 | $2.11B | +22.0% | +$380.00M | ||
| 2020 | $1.73B | -61.9% | −$2.80B | ||
| 2019 | $4.53B | +11.3% | +$458.00M | ||
| 2018 | $4.07B | +5.2% | +$200.00M | ||
| 2017 | $3.87B | +20.1% | +$647.00M | ||
| 2016 | $3.22B | +17.3% | +$476.00M | ||
| 2015 | $2.75B | +37.0% | +$742.00M | ||
| 2014 | $2.00B | -7.3% | −$159.00M | ||
| 2013 | $2.16B | +7.3% | +$148.00M | ||
| 2012 | $2.02B | +188.0% | +$1.32B | ||
| 2011 | $700.00M | +88.7% | +$329.00M | ||
| 2010 | $371.00M | +17.0% | +$54.00M | ||
| 2009 | $317.00M | -23.6% | −$98.00M | ||
| 2008 | $415.00M | -36.9% | −$243.00M | ||
| 2007 | $658.00M | +81.8% | +$296.00M | ||
| 2006 | $362.00M | -23.0% | −$108.00M | ||
| 2005 | $470.00M | +76.0% | +$203.00M | ||
| 2004 | $267.00M | +78.0% | +$117.00M | ||
| 2003 | $150.00M | -4.5% | −$7.00M | ||
| 2002 | $157.00M | -92.0% | −$1.79B | ||
| 2001 | $1.95B | -23.1% | −$587.00M | ||
| 2000 | $2.54B | +6.2% | +$149.00M | ||
| 1999 | $2.39B | -15.6% | −$443.00M | ||
| 1998 | $2.83B | +0.7% | +$20.00M | ||
| 1997 | $2.81B | +82.8% | +$1.27B | ||
| 1996 | $1.54B | +38.4% | +$427.00M | ||
| 1995 | $1.11B | +74.7% | +$475.00M | ||
| 1994 | $636.00M | -57.5% | −$860.00M | ||
| 1993 | $1.50B | -40.6% | −$1.02B | ||
| 1992 | $2.52B | +1.5% | +$37.80M | ||
| 1991 | $2.48B | -5.0% | −$129.60M | ||
| 1990 | $2.61B | +66.1% | +$1.04B | ||
| 1989 | $1.57B | +14.5% | +$199.10M | ||
| 1988 | $1.37B | +39.1% | +$385.50M | ||
| 1987 | $987.00M | -33.8% | −$503.20M | ||
| 1986 | $1.49B | +113.0% | +$790.70M | ||
| 1985 | $699.50M | — | — |
- 2025$5.87B+4.6%
- 2024$5.62B-21.7%
- 2023$7.17B+48.8%
- 2022$4.82B+128.7%
- 2021$2.11B+22.0%
- 2020$1.73B-61.9%
- 2019$4.53B+11.3%
- 2018$4.07B+5.2%
- 2017$3.87B+20.1%
- 2016$3.22B+17.3%
- 2015$2.75B+37.0%
- 2014$2.00B-7.3%
- 2013$2.16B+7.3%
- 2012$2.02B+188.0%
- 2011$700.00M+88.7%
- 2010$371.00M+17.0%
- 2009$317.00M-23.6%
- 2008$415.00M-36.9%
- 2007$658.00M+81.8%
- 2006$362.00M-23.0%
- 2005$470.00M+76.0%
- 2004$267.00M+78.0%
- 2003$150.00M-4.5%
- 2002$157.00M-92.0%
- 2001$1.95B-23.1%
- 2000$2.54B+6.2%
- 1999$2.39B-15.6%
- 1998$2.83B+0.7%
- 1997$2.81B+82.8%
- 1996$1.54B+38.4%
- 1995$1.11B+74.7%
- 1994$636.00M-57.5%
- 1993$1.50B-40.6%
- 1992$2.52B+1.5%
- 1991$2.48B-5.0%
- 1990$2.61B+66.1%
- 1989$1.57B+14.5%
- 1988$1.37B+39.1%
- 1987$987.00M-33.8%
- 1986$1.49B+113.0%
- 1985$699.50M—
CapEx values are taken from United Airlines Holdings's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at United Airlines Holdings (UAL)
According to United Airlines Holdings's latest reported financial statements, the company's current CapEx (TTM) is $6.31B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of United Airlines Holdings (UAL) CapEx is $5.87B – edged up 4.6% year-over-year.
Across 2020–2025 (5 years), United Airlines Holdings CapEx produced a CAGR of +27.7% – with mixed annual results across the window.
United Airlines Holdings CapEx declined from $7.17B in 2023 to $5.87B in 2025, a 18.1% drawdown.
The highest annual CapEx of $7.17B was reported in 2023. The lowest in the available history was $150.00M in 2003.
United Airlines Holdings Capital Expenditures by Year
United Airlines Holdings Capital Expenditures 2025: $5.87B
United Airlines Holdings CapEx in 2025 was $5.87B, edged up 4.6% from 2024.
United Airlines Holdings Capital Expenditures 2024: $5.62B
2024's CapEx for United Airlines Holdings came in at $5.62B, declined 21.7% below 2023.
United Airlines Holdings Capital Expenditures 2023: $7.17B
United Airlines Holdings posted CapEx of $7.17B in 2023, surged 48.8% from 2022. This figure represents the highest annual value in the available history.
United Airlines Holdings Capital Expenditures 2022: $4.82B
In 2022, United Airlines Holdings reported CapEx of $4.82B, surged 128.7% from 2021.
United Airlines Holdings Capital Expenditures 2021: $2.11B
United Airlines Holdings CapEx in 2021 was $2.11B.
See more financial history for United Airlines Holdings (UAL).
Sector peers by CapEx
Industrials peers of United Airlines Holdings (UAL), ranked by their latest CapEx
| $20.74B | |
| $4.23B | |
| $3.79B | |
| $2.94B | |
| $2.63B | |
| $1.47B | |
| $1.27B | |
| $0.00 |
- $20.74B
- $4.23B
- $3.79B
- $2.94B
- $2.63B
- $1.47B
- $1.27B
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