Free Cash Flow for United Airlines Holdings (UAL)
Free Cash Flow for United Airlines Holdings (UAL): headline value $3.21B · YoY -33.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$3.21B
YoY change
-33.2%
5Y CAGR
N/A
Peak year (2024)
$3.83B
Latest annual
$2.56B
Free Cash Flow history chart for United Airlines Holdings (UAL) from 1985 to 2025
Free Cash Flow history table for United Airlines Holdings (UAL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.56B | -33.2% | ||
| 2024 | $3.83B | -1573.1% | ||
| 2023 | -$260.00M | -120.9% | ||
| 2022 | $1.25B | -3217.5% | ||
| 2021 | -$40.00M | -99.3% | ||
| 2020 | -$5.86B | -346.1% | ||
| 2019 | $2.38B | +13.7% | ||
| 2018 | $2.09B | -628.8% | ||
| 2017 | -$396.00M | -117.1% | ||
| 2016 | $2.32B | -28.5% | ||
| 2015 | $3.25B | +415.9% | ||
| 2014 | $629.00M | -187.4% | ||
| 2013 | -$720.00M | -33.4% | ||
| 2012 | -$1.08B | -163.3% | ||
| 2011 | $1.71B | +11.2% | ||
| 2010 | $1.54B | +136.7% | ||
| 2009 | $649.00M | -139.2% | ||
| 2008 | -$1.65B | -212.1% | ||
| 2007 | $1.48B | +23.0% | ||
| 2006 | $1.20B | +97.0% | ||
| 2005 | $609.00M | -462.5% | ||
| 2004 | -$168.00M | -119.7% | ||
| 2003 | $851.00M | -165.7% | ||
| 2002 | -$1.30B | -38.6% | ||
| 2001 | -$2.11B | +3098.5% | ||
| 2000 | -$66.00M | -306.3% | ||
| 1999 | $32.00M | -91.2% | ||
| 1998 | $362.00M | -247.8% | ||
| 1997 | -$245.00M | -126.8% | ||
| 1996 | $915.00M | -43.7% | ||
| 1995 | $1.62B | +132.7% | ||
| 1994 | $698.00M | -209.4% | ||
| 1993 | -$638.00M | -67.2% | ||
| 1992 | -$1.94B | -9.3% | ||
| 1991 | -$2.14B | +13.1% | ||
| 1990 | -$1.89B | +107.5% | ||
| 1989 | -$913.10M | -362.8% | ||
| 1988 | $347.40M | -74.3% | ||
| 1987 | $1.35B | -340.0% | ||
| 1986 | -$563.60M | -52.7% | ||
| 1985 | -$1.19B | — |
Free Cash Flow 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
2025's annual free cash flow for United Airlines Holdings (UAL) came in at $2.56B – plunged 33.2% year-over-year.
United Airlines Holdings free cash flow has contracted on net over the period, with a -2.4% compound annual growth rate over 2015–2025 (10 years).
United Airlines Holdings free cash flow plunged from $3.83B in 2024 to $2.56B in 2025, a 33.2% drawdown.
2024 marks the peak free cash flow at $3.83B, with the historical low of -$5.86B recorded in 2020.
United Airlines Holdings (UAL) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $5.45B.
United Airlines Holdings Free Cash Flow by Year
United Airlines Holdings Free Cash Flow 2025: $2.56B
United Airlines Holdings free cash flow in 2025 was $2.56B, plunged 33.2% below 2024.
United Airlines Holdings Free Cash Flow 2024: $3.83B
United Airlines Holdings free cash flow in 2024 was $3.83B, plunged 1573.1% below 2023. This figure represents the highest annual value in the available history.
United Airlines Holdings Free Cash Flow 2023: -$260.00M
United Airlines Holdings free cash flow in 2023 was -$260.00M, plunged 120.9% below 2022.
United Airlines Holdings Free Cash Flow 2022: $1.25B
United Airlines Holdings free cash flow in 2022 was $1.25B, plunged 3217.5% below 2021.
United Airlines Holdings Free Cash Flow 2021: -$40.00M
United Airlines Holdings free cash flow in 2021 was -$40.00M.
See more financial history for United Airlines Holdings (UAL).
Sector peers — Free Cash Flow
Companies in the same sector as United Airlines Holdings, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is United Airlines Holdings's free cash flow?
Latest reported free cash flow for United Airlines Holdings (UAL) is $3.21B (period ending March 31, 2026).
How has United Airlines Holdings free cash flow changed year-over-year?
United Airlines Holdings (UAL) free cash flow changed -33.2% year-over-year on the latest annual filing.
What is the long-term growth rate of United Airlines Holdings free cash flow?
United Airlines Holdings (UAL) free cash flow compound annual growth rate is -2.4% over the most recent 10 years available.
When did United Airlines Holdings free cash flow hit its highest annual value?
United Airlines Holdings free cash flow reached its highest annual value of $3.83B in 2024.
What was United Airlines Holdings free cash flow in 2024?
United Airlines Holdings (UAL) free cash flow in 2024 was $3.83B.
What was United Airlines Holdings free cash flow in 2025?
United Airlines Holdings (UAL) free cash flow in 2025 was $2.56B.
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