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EBITDA Margin for United Airlines Holdings (UAL)

As of · Reported

Metric

TTM

13.9%

YoY change

−2.13pp

Trough year (2005)

-114.1%

Peak year (2001)

111.1%

EBITDA Margin history chart for United Airlines Holdings (UAL) from 1983 to 2025

Latest: 12.8%

EBITDA Margin change chart for United Airlines Holdings (UAL) from 1983 to 2025

Latest: −2.13pp

EBITDA Margin history table for United Airlines Holdings (UAL) from 1983 to 2025

  • 202512.8%-2.13pp
  • 202414.9%+0.31pp
  • 202314.6%+3.19pp
  • 202211.4%+5.28pp
  • 20216.1%+40.90pp
  • 2020-34.8%-50.62pp
  • 201915.8%+2.71pp
  • 201813.1%-2.17pp
  • 201715.3%-2.05pp
  • 201617.3%-0.25pp
  • 201517.6%+8.61pp
  • 20149.0%+1.37pp
  • 20137.6%+3.30pp
  • 20124.3%-4.62pp
  • 20118.9%-0.18pp
  • 20109.1%+4.51pp
  • 20094.6%+24.27pp
  • 2008-19.7%-30.80pp
  • 200711.1%+12.18pp
  • 2006-1.1%+113.00pp
  • 2005-114.1%-111.59pp
  • 2004-2.5%+0.39pp
  • 2003-2.9%+10.21pp
  • 2002-13.1%-124.17pp
  • 2001111.1%+2.17pp
  • 2000108.9%+96.41pp
  • 199912.5%-0.41pp
  • 199812.9%+1.52pp
  • 199711.4%-0.09pp
  • 199611.5%+1.11pp
  • 199510.4%+6.66pp
  • 19943.7%-2.77pp
  • 19936.5%+5.05pp
  • 19921.5%+2.44pp
  • 1991-1.0%-5.80pp
  • 19904.8%-3.70pp
  • 19898.5%-11.37pp
  • 198819.9%+12.43pp
  • 19877.5%+5.00pp
  • 19862.5%+0.53pp
  • 19851.9%-3.08pp
  • 19845.0%+4.13pp
  • 19830.9%—

EBITDA Margin values are taken from United Airlines Holdings's reported income 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 EBITDA Margin at United Airlines Holdings (UAL)

According to United Airlines Holdings's latest reported financial statements, the company's latest reported EBITDA margin is 13.9%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, United Airlines Holdings (UAL) reported EBITDA margin of 12.76% – contracted 2.1 percentage points year-over-year.

2001 marks the peak EBITDA margin at 111.11%, with the historical low of -114.06% recorded in 2005.

United Airlines Holdings EBITDA Margin by Year

United Airlines Holdings EBITDA Margin 2025: 12.8%

In 2025, United Airlines Holdings reported EBITDA margin of 12.76%, contracted 2.1 percentage points from 2024.

United Airlines Holdings EBITDA Margin 2024: 14.9%

United Airlines Holdings EBITDA margin in 2024 was 14.89%, expanded 0.3 percentage points from 2023.

United Airlines Holdings EBITDA Margin 2023: 14.6%

2023's EBITDA margin for United Airlines Holdings came in at 14.58%, expanded 3.2 percentage points from 2022.

United Airlines Holdings EBITDA Margin 2022: 11.4%

United Airlines Holdings posted EBITDA margin of 11.39% in 2022, expanded 5.3 percentage points from 2021.

United Airlines Holdings EBITDA Margin 2021: 6.1%

United Airlines Holdings EBITDA margin in 2021 was 6.11%.

See more financial history for United Airlines Holdings (UAL).

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