United Airlines Holdings (UAL) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.5% | +3.9% | -13.4% | -2.2% | +27.6% | +0.6% | — | — | — | — | — | — |
| 2025 | +9.0% | -11.4% | -26.4% | -0.3% | +15.4% | +0.2% | +10.9% | +18.9% | -8.1% | -2.5% | +8.4% | +9.7% |
| 2024 | +0.3% | +9.9% | +5.3% | +7.5% | +3.0% | -8.2% | -6.7% | -3.0% | +29.6% | +37.2% | +23.7% | +0.3% |
| 2023 | +29.9% | +6.1% | -14.8% | -1.0% | +8.4% | +15.6% | -1.0% | -8.3% | -15.1% | -17.2% | +12.5% | +4.7% |
| 2022 | -2.1% | +3.5% | +4.4% | +8.9% | -5.7% | -25.6% | +3.8% | -4.7% | -7.1% | +32.4% | +2.5% | -14.6% |
| 2021 | -7.5% | +31.7% | +9.2% | -5.5% | +7.3% | -10.4% | -10.7% | -0.4% | +2.3% | -3.0% | -8.4% | +3.6% |
| 2020 | -15.1% | -17.7% | -48.8% | -6.2% | -5.2% | +23.4% | -9.3% | +14.7% | -3.5% | -2.6% | +33.0% | -4.0% |
| 2019 | +4.2% | +0.6% | -9.1% | +11.4% | -12.6% | +12.7% | +5.0% | -8.3% | +4.9% | +2.7% | +2.2% | -5.1% |
| 2018 | +0.6% | -0.0% | +2.5% | -2.8% | +3.0% | +0.2% | +15.3% | +8.7% | +1.9% | -4.0% | +13.1% | -13.4% |
| 2017 | -3.3% | +5.1% | -4.7% | -0.6% | +13.5% | -5.5% | -10.1% | -8.5% | -1.7% | -3.9% | +8.3% | +6.4% |
| 2016 | -15.7% | +18.6% | +4.5% | -23.5% | -1.6% | -9.0% | +14.3% | +7.5% | +4.1% | +7.2% | +22.6% | +5.7% |
| 2015 | +3.7% | -6.0% | +3.2% | -11.2% | -8.6% | -2.9% | +6.4% | +1.0% | -6.9% | +13.7% | -7.6% | +2.8% |
| 2014 | +21.2% | -1.9% | -0.7% | -8.4% | +8.6% | -7.4% | +13.0% | +2.6% | -1.7% | +12.9% | +15.9% | +9.2% |
| 2013 | +3.3% | +10.6% | +19.8% | +0.9% | +0.5% | -3.6% | +11.4% | -18.3% | +7.9% | +10.6% | +15.6% | -3.6% |
| 2012 | +22.4% | -10.6% | +4.1% | +2.0% | +14.8% | -3.3% | -22.4% | -2.3% | +5.7% | -1.5% | +5.3% | +15.6% |
| 2011 | +6.6% | -5.4% | -4.4% | -0.7% | +5.8% | -6.3% | -19.9% | +2.6% | +4.2% | -0.3% | -7.0% | +5.0% |
| 2010 | -5.3% | +40.2% | +14.0% | +10.5% | -7.4% | +2.7% | +15.5% | -10.7% | +11.6% | +22.7% | -4.7% | -13.9% |
| 2009 | -14.3% | -48.0% | -8.8% | +9.8% | -5.5% | -31.4% | +29.2% | +51.2% | +48.0% | -29.4% | +19.2% | +66.4% |
| 2008 | +22.8% | -20.2% | -28.9% | -30.8% | -42.7% | -38.9% | +59.2% | +33.7% | -20.9% | +65.6% | -22.7% | -2.0% |
| 2007 | -1.8% | -7.4% | -4.6% | -12.5% | +17.5% | +3.4% | +8.7% | +7.6% | -2.0% | +2.9% | -14.5% | -12.9% |
| 2006 | — | — | +12.6% | -9.8% | -18.3% | +5.4% | -15.7% | -4.3% | +6.3% | +35.3% | +12.9% | +8.4% |
| Avg | +2.5% | +0.1% | -4.0% | -3.1% | +0.9% | -4.4% | +4.8% | +4.0% | +3.0% | +8.9% | +6.5% | +3.4% |
| Median | +0.5% | +0.3% | -0.7% | -1.0% | +3.0% | -3.5% | +5.7% | +0.3% | +2.1% | +2.8% | +8.3% | +3.2% |
| Last 5Y Avg | +5.7% | +2.4% | -9.0% | +2.6% | +9.7% | -5.7% | -0.7% | +0.5% | +0.3% | +9.4% | +7.8% | +0.7% |
| Std Dev (σ) | 13.1% | 18.7% | 16.0% | 10.7% | 15.0% | 14.8% | 18.7% | 16.1% | 14.8% | 21.3% | 14.1% | 17.2% |
| Consistency (μ/σ) | 0.19 | 0.00 | -0.25 | -0.29 | 0.06 | -0.30 | 0.26 | 0.25 | 0.20 | 0.42 | 0.46 | 0.20 |
| Win Rate (%) | 55% | 50% | 48% | 33% | 57% | 40% | 60% | 50% | 55% | 55% | 70% | 60% |
| Winning / Losing Months | ▲11▼9 | ▲10▼10 | ▲10▼11 | ▲7▼14 | ▲12▼9 | ▲8▼12 | ▲12▼8 | ▲10▼10 | ▲11▼9 | ▲11▼9 | ▲14▼6 | ▲12▼8 |
| Longest Win / Loss Streak | ▲5▼3 | ▲4▼3 | ▲2▼3 | ▲2▼5 | ▲4▼3 | ▲3▼7 | ▲4▼2 | ▲3▼4 | ▲5▼2 | ▲4▼2 | ▲5▼2 | ▲4▼3 |
| Best | +29.9%in January 2023 | +40.2%in February 2010 | +19.8%in March 2013 | +11.4%in April 2019 | +27.6%in May 2026 | +23.4%in June 2020 | +59.2%in July 2008 | +51.2%in August 2009 | +48.0%in September 2009 | +65.6%in October 2008 | +33.0%in November 2020 | +66.4%in December 2009 |
| Worst | -15.7%in January 2016 | -48.0%in February 2009 | -48.8%in March 2020 | -30.8%in April 2008 | -42.7%in May 2008 | -38.9%in June 2008 | -22.4%in July 2012 | -18.3%in August 2013 | -20.9%in September 2008 | -29.4%in October 2009 | -22.7%in November 2008 | -14.6%in December 2022 |
−48.8%+66.4%
2026
Jan-8.5%
Feb+3.9%
Mar-13.4%
Apr-2.2%
May+27.6%
Jun+0.6%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+9.0%
Feb-11.4%
Mar-26.4%
Apr-0.3%
May+15.4%
Jun+0.2%
Jul+10.9%
Aug+18.9%
Sep-8.1%
Oct-2.5%
Nov+8.4%
Dec+9.7%
2024
Jan+0.3%
Feb+9.9%
Mar+5.3%
Apr+7.5%
May+3.0%
Jun-8.2%
Jul-6.7%
Aug-3.0%
Sep+29.6%
Oct+37.2%
Nov+23.7%
Dec+0.3%
2023
Jan+29.9%
Feb+6.1%
Mar-14.8%
Apr-1.0%
May+8.4%
Jun+15.6%
Jul-1.0%
Aug-8.3%
Sep-15.1%
Oct-17.2%
Nov+12.5%
Dec+4.7%
2022
Jan-2.1%
Feb+3.5%
Mar+4.4%
Apr+8.9%
May-5.7%
Jun-25.6%
Jul+3.8%
Aug-4.7%
Sep-7.1%
Oct+32.4%
Nov+2.5%
Dec-14.6%
2021
Jan-7.5%
Feb+31.7%
Mar+9.2%
Apr-5.5%
May+7.3%
Jun-10.4%
Jul-10.7%
Aug-0.4%
Sep+2.3%
Oct-3.0%
Nov-8.4%
Dec+3.6%
2020
Jan-15.1%
Feb-17.7%
Mar-48.8%
Apr-6.2%
May-5.2%
Jun+23.4%
Jul-9.3%
Aug+14.7%
Sep-3.5%
Oct-2.6%
Nov+33.0%
Dec-4.0%
2019
Jan+4.2%
Feb+0.6%
Mar-9.1%
Apr+11.4%
May-12.6%
Jun+12.7%
Jul+5.0%
Aug-8.3%
Sep+4.9%
Oct+2.7%
Nov+2.2%
Dec-5.1%
2018
Jan+0.6%
Feb-0.0%
Mar+2.5%
Apr-2.8%
May+3.0%
Jun+0.2%
Jul+15.3%
Aug+8.7%
Sep+1.9%
Oct-4.0%
Nov+13.1%
Dec-13.4%
2017
Jan-3.3%
Feb+5.1%
Mar-4.7%
Apr-0.6%
May+13.5%
Jun-5.5%
Jul-10.1%
Aug-8.5%
Sep-1.7%
Oct-3.9%
Nov+8.3%
Dec+6.4%
2016
Jan-15.7%
Feb+18.6%
Mar+4.5%
Apr-23.5%
May-1.6%
Jun-9.0%
Jul+14.3%
Aug+7.5%
Sep+4.1%
Oct+7.2%
Nov+22.6%
Dec+5.7%
2015
Jan+3.7%
Feb-6.0%
Mar+3.2%
Apr-11.2%
May-8.6%
Jun-2.9%
Jul+6.4%
Aug+1.0%
Sep-6.9%
Oct+13.7%
Nov-7.6%
Dec+2.8%
2014
Jan+21.2%
Feb-1.9%
Mar-0.7%
Apr-8.4%
May+8.6%
Jun-7.4%
Jul+13.0%
Aug+2.6%
Sep-1.7%
Oct+12.9%
Nov+15.9%
Dec+9.2%
2013
Jan+3.3%
Feb+10.6%
Mar+19.8%
Apr+0.9%
May+0.5%
Jun-3.6%
Jul+11.4%
Aug-18.3%
Sep+7.9%
Oct+10.6%
Nov+15.6%
Dec-3.6%
2012
Jan+22.4%
Feb-10.6%
Mar+4.1%
Apr+2.0%
May+14.8%
Jun-3.3%
Jul-22.4%
Aug-2.3%
Sep+5.7%
Oct-1.5%
Nov+5.3%
Dec+15.6%
2011
Jan+6.6%
Feb-5.4%
Mar-4.4%
Apr-0.7%
May+5.8%
Jun-6.3%
Jul-19.9%
Aug+2.6%
Sep+4.2%
Oct-0.3%
Nov-7.0%
Dec+5.0%
2010
Jan-5.3%
Feb+40.2%
Mar+14.0%
Apr+10.5%
May-7.4%
Jun+2.7%
Jul+15.5%
Aug-10.7%
Sep+11.6%
Oct+22.7%
Nov-4.7%
Dec-13.9%
2009
Jan-14.3%
Feb-48.0%
Mar-8.8%
Apr+9.8%
May-5.5%
Jun-31.4%
Jul+29.2%
Aug+51.2%
Sep+48.0%
Oct-29.4%
Nov+19.2%
Dec+66.4%
2008
Jan+22.8%
Feb-20.2%
Mar-28.9%
Apr-30.8%
May-42.7%
Jun-38.9%
Jul+59.2%
Aug+33.7%
Sep-20.9%
Oct+65.6%
Nov-22.7%
Dec-2.0%
2007
Jan-1.8%
Feb-7.4%
Mar-4.6%
Apr-12.5%
May+17.5%
Jun+3.4%
Jul+8.7%
Aug+7.6%
Sep-2.0%
Oct+2.9%
Nov-14.5%
Dec-12.9%
2006
Jan—
Feb—
Mar+12.6%
Apr-9.8%
May-18.3%
Jun+5.4%
Jul-15.7%
Aug-4.3%
Sep+6.3%
Oct+35.3%
Nov+12.9%
Dec+8.4%
Avg
Jan+2.5%
Feb+0.1%
Mar-4.0%
Apr-3.1%
May+0.9%
Jun-4.4%
Jul+4.8%
Aug+4.0%
Sep+3.0%
Oct+8.9%
Nov+6.5%
Dec+3.4%
Median
Jan+0.5%
Feb+0.3%
Mar-0.7%
Apr-1.0%
May+3.0%
Jun-3.5%
Jul+5.7%
Aug+0.3%
Sep+2.1%
Oct+2.8%
Nov+8.3%
Dec+3.2%
Last 5Y Avg
Jan+5.7%
Feb+2.4%
Mar-9.0%
Apr+2.6%
May+9.7%
Jun-5.7%
Jul-0.7%
Aug+0.5%
Sep+0.3%
Oct+9.4%
Nov+7.8%
Dec+0.7%
Std Dev (σ)
Jan13.1%
Feb18.7%
Mar16.0%
Apr10.7%
May15.0%
Jun14.8%
Jul18.7%
Aug16.1%
Sep14.8%
Oct21.3%
Nov14.1%
Dec17.2%
Consistency (μ/σ)
Jan0.19
Feb0.00
Mar-0.25
Apr-0.29
May0.06
Jun-0.30
Jul0.26
Aug0.25
Sep0.20
Oct0.42
Nov0.46
Dec0.20
Win Rate (%)
Jan55%
Feb50%
Mar48%
Apr33%
May57%
Jun40%
Jul60%
Aug50%
Sep55%
Oct55%
Nov70%
Dec60%
Winning / Losing Months
Jan▲11▼9
Feb▲10▼10
Mar▲10▼11
Apr▲7▼14
May▲12▼9
Jun▲8▼12
Jul▲12▼8
Aug▲10▼10
Sep▲11▼9
Oct▲11▼9
Nov▲14▼6
Dec▲12▼8
Longest Win / Loss Streak
Jan▲5▼3
Feb▲4▼3
Mar▲2▼3
Apr▲2▼5
May▲4▼3
Jun▲3▼7
Jul▲4▼2
Aug▲3▼4
Sep▲5▼2
Oct▲4▼2
Nov▲5▼2
Dec▲4▼3
Best
Jan+29.9%2023
Feb+40.2%2010
Mar+19.8%2013
Apr+11.4%2019
May+27.6%2026
Jun+23.4%2020
Jul+59.2%2008
Aug+51.2%2009
Sep+48.0%2009
Oct+65.6%2008
Nov+33.0%2020
Dec+66.4%2009
Worst
Jan-15.7%2016
Feb-48.0%2009
Mar-48.8%2020
Apr-30.8%2008
May-42.7%2008
Jun-38.9%2008
Jul-22.4%2012
Aug-18.3%2013
Sep-20.9%2008
Oct-29.4%2009
Nov-22.7%2008
Dec-14.6%2022
−48.8%+66.4%
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