EBITDA for United Airlines Holdings (UAL)
According to United Airlines Holdings's latest reported financial statements, the company's current EBITDA (TTM) is $8.43B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$8.43B
YoY change
-11.3%
5Y CAGR
N/A
Peak year (2000)
$21.08B
Cumulative EBITDA
$102.27B
EBITDA history chart for United Airlines Holdings (UAL) from 1983 to 2025
EBITDA history table for United Airlines Holdings (UAL) from 1983 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $7.54B | -11.3% | ||
| 2024 | $8.50B | +8.5% | ||
| 2023 | $7.83B | +53.0% | ||
| 2022 | $5.12B | +240.1% | ||
| 2021 | $1.50B | -128.2% | ||
| 2020 | -$5.34B | -178.0% | ||
| 2019 | $6.85B | +26.4% | ||
| 2018 | $5.42B | -6.2% | ||
| 2017 | $5.78B | -8.9% | ||
| 2016 | $6.34B | -4.8% | ||
| 2015 | $6.66B | +90.8% | ||
| 2014 | $3.49B | +20.0% | ||
| 2013 | $2.91B | +82.3% | ||
| 2012 | $1.60B | -51.8% | ||
| 2011 | $3.31B | +56.7% | ||
| 2010 | $2.11B | +182.0% | ||
| 2009 | $749.00M | -118.8% | ||
| 2008 | -$3.98B | -277.5% | ||
| 2007 | $2.24B | -1192.7% | ||
| 2006 | -$205.00M | -99.0% | ||
| 2005 | -$19.82B | +4806.4% | ||
| 2004 | -$404.00M | +3.1% | ||
| 2003 | -$392.00M | -79.0% | ||
| 2002 | -$1.87B | -109.7% | ||
| 2001 | $19.33B | -8.3% | ||
| 2000 | $21.08B | +833.6% | ||
| 1999 | $2.26B | -0.6% | ||
| 1998 | $2.27B | +14.5% | ||
| 1997 | $1.98B | +5.4% | ||
| 1996 | $1.88B | +21.2% | ||
| 1995 | $1.55B | +198.1% | ||
| 1994 | $521.00M | -44.8% | ||
| 1993 | $944.00M | +402.7% | ||
| 1992 | $187.80M | -264.4% | ||
| 1991 | -$114.20M | -121.5% | ||
| 1990 | $531.60M | -36.3% | ||
| 1989 | $834.00M | -53.3% | ||
| 1988 | $1.79B | +188.4% | ||
| 1987 | $619.50M | +253.4% | ||
| 1986 | $175.30M | +71.7% | ||
| 1985 | $102.10M | -70.7% | ||
| 1984 | $349.00M | +558.5% | ||
| 1983 | $53.00M | — |
EBITDA values are taken from United Airlines Holdings's reported income 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
As of the 2025 fiscal year, United Airlines Holdings (UAL) reported EBITDA of $7.54B – declined 11.3% year-over-year.
United Airlines Holdings EBITDA has recorded the values shown across consecutive periods, with a +1.2% compound annual growth rate over 2015–2025 (10 years).
United Airlines Holdings EBITDA peaked at $21.08B in 2000; the latest annual figure is $7.54B in 2025 (64.2% below peak).
Across the available history, EBITDA reached its high of $21.08B in 2000 and its low of -$19.82B in 2005.
United Airlines Holdings (UAL) sits 7th of 8 Industrials peers we track on this metric, against a peer median of $11.86B.
United Airlines Holdings EBITDA by Year
United Airlines Holdings EBITDA 2025: $7.54B
United Airlines Holdings EBITDA in 2025 was $7.54B, declined 11.3% below 2024.
United Airlines Holdings EBITDA 2024: $8.50B
United Airlines Holdings EBITDA in 2024 was $8.50B, grew 8.5% from 2023.
United Airlines Holdings EBITDA 2023: $7.83B
United Airlines Holdings EBITDA in 2023 was $7.83B, surged 53.0% from 2022.
United Airlines Holdings EBITDA 2022: $5.12B
United Airlines Holdings EBITDA in 2022 was $5.12B, surged 240.1% from 2021.
United Airlines Holdings EBITDA 2021: $1.50B
United Airlines Holdings EBITDA in 2021 was $1.50B.
See more financial history for United Airlines Holdings (UAL).
Sector peers — EBITDA
Companies in the same sector as United Airlines Holdings, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $14.86B | Industrials |
| Union Pacific Corporation (UNP) | $12.95B | Industrials |
| RTX Corporation (RTX) | $12.89B | Industrials |
| GE Aerospace (GE) | $12.06B | Industrials |
| Deere & Company (DE) | $11.66B | Industrials |
| Honeywell International Inc. (HON) | $8.21B | Industrials |
| The Boeing Company (BA) | $7.36B | Industrials |
| Eaton Corporation plc (ETN) | $5.95B | Industrials |
Frequently asked questions
What is United Airlines Holdings's EBITDA?
- Latest reported EBITDA for United Airlines Holdings (UAL) is $8.43B (period ending March 31, 2026).
How has United Airlines Holdings EBITDA changed year-over-year?
- United Airlines Holdings (UAL) EBITDA changed -11.3% year-over-year on the latest annual filing.
What is the long-term growth rate of United Airlines Holdings EBITDA?
- United Airlines Holdings (UAL) EBITDA compound annual growth rate is +1.2% over the most recent 10 years available.
When did United Airlines Holdings EBITDA hit its highest annual value?
- United Airlines Holdings EBITDA reached its highest annual value of $21.08B in 2000.
What was United Airlines Holdings EBITDA in 2024?
- United Airlines Holdings (UAL) EBITDA in 2024 was $8.50B.
What was United Airlines Holdings EBITDA in 2025?
- United Airlines Holdings (UAL) EBITDA in 2025 was $7.54B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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