Capital Expenditures for United Airlines Holdings (UAL)
According to United Airlines Holdings's latest reported financial statements, the company's current capital expenditures (TTM) is $6.31B USD. 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 .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$6.31B
YoY change
+4.6%
5Y CAGR
+27.7%
Peak year (2023)
$7.17B
Cumulative capital expenditures
$86.84B
CapEx history chart for United Airlines Holdings (UAL) from 1985 to 2025
CapEx history table for United Airlines Holdings (UAL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of United Airlines Holdings (UAL) capital expenditures is $5.87B – edged up 4.6% year-over-year.
Across 2020–2025 (5 years), United Airlines Holdings capital expenditures produced a CAGR of +27.7% – with the latest reading among the more recent periods of the dataset.
United Airlines Holdings capital expenditures declined from $7.17B in 2023 to $5.87B in 2025, a 18.1% drawdown.
The highest annual capital expenditures of $7.17B was reported in 2023. The lowest in the available history was $150.00M in 2003.
United Airlines Holdings (UAL) sits 1st of 8 Industrials peers we track on this metric, against a peer median of $2.05B.
United Airlines Holdings Capital Expenditures by Year
United Airlines Holdings Capital Expenditures 2025: $5.87B
United Airlines Holdings capital expenditures in 2025 was $5.87B, edged up 4.6% from 2024.
United Airlines Holdings Capital Expenditures 2024: $5.62B
United Airlines Holdings capital expenditures in 2024 was $5.62B, declined 21.7% below 2023.
United Airlines Holdings Capital Expenditures 2023: $7.17B
United Airlines Holdings capital expenditures in 2023 was $7.17B, surged 48.8% from 2022. This figure represents the highest annual value in the available history.
United Airlines Holdings Capital Expenditures 2022: $4.82B
United Airlines Holdings capital expenditures in 2022 was $4.82B, surged 128.7% from 2021.
United Airlines Holdings Capital Expenditures 2021: $2.11B
United Airlines Holdings capital expenditures in 2021 was $2.11B.
See more financial history for United Airlines Holdings (UAL).
Sector peers — CapEx
Companies in the same sector as United Airlines Holdings, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is United Airlines Holdings's capital expenditures?
- Latest reported capital expenditures for United Airlines Holdings (UAL) is $6.31B (period ending March 31, 2026).
How has United Airlines Holdings capital expenditures changed year-over-year?
- United Airlines Holdings (UAL) capital expenditures changed +4.6% year-over-year on the latest annual filing.
What is the long-term growth rate of United Airlines Holdings capital expenditures?
- United Airlines Holdings (UAL) capital expenditures compound annual growth rate is +27.7% over the most recent 5 years available.
When did United Airlines Holdings capital expenditures hit its highest annual value?
- United Airlines Holdings capital expenditures reached its highest annual value of $7.17B in 2023.
What was United Airlines Holdings capital expenditures in 2024?
- United Airlines Holdings (UAL) capital expenditures in 2024 was $5.62B.
What was United Airlines Holdings capital expenditures in 2025?
- United Airlines Holdings (UAL) capital expenditures in 2025 was $5.87B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
UAL Overview
Company profile, financial tools, and key metrics
UAL Revenue Counter
Earns $1,917 every second. See per minute, hour, and day.
UAL Earnings Counter
Earns $116.22 per second net profit. See per minute, hour, and day.
UAL Economic Scale
Exceeds Bolivia's GDP. Compare with world economies.
UAL What If Invested
What if you had invested $1,000? See historical returns from any date.
UAL How It Makes Money
Discover visual breakdown of $60.47B in revenue — where it comes from and where it goes.
UAL Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
UAL Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
UAL Daily Price Character
Explosive · 50.2% historical win rate (green days). Streaks & record days.
UAL Buybacks
1.05% TTM buyback yield. Shareholder yield & SBC comparison.
UAL Dividend Profile
Yield: 2.43%. See full history.
UAL Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
UAL Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.