Company Dossier · Industrials
United Airlines Holdings
- S&P 500
- Russell 1000
What United Airlines Holdings is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $62.9 billion, up 8.5% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $2.54 billion, down 37% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $6.37 billion, up 14% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.64 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2024: $6.14 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (October 21, 2026): sentiment 0.30 on a −1 to +1 scale (mixed), confidence 0.70 of 1.Palanor Discourse
- Latest annual report (filed February 12, 2026): 1 risk factor added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $27.6 million on the open market.SEC Form 4
- 1,072 institutional managers reported a position at June 30, 2026 (+95 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 12 (3 a year earlier).U.S. Department of Labor (OFLC)
- Headlines in the last 30 days: 5, of which 0 read positive and 0 negative.Palanor headline tone
Risk events (12 months): 6 — latest OSHA inspection, Aug 6, 2026 →
Company Posture
How Company Posture is measured →What United Airlines Holdings is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Hedging
Expanding ↔ Retrenching
Steady
- Capital spending68th pct
- Debt raised—
- Buybacks vs capex89th pct
- Hiring filings26th pct
- Deals and private raises48th pct
- Patent publications61st pct
Confident ↔ Hedging
Hedging
- Call sentiment28th pct
- Call confidence29th pct
- Guidance changes66th pct
- Risk factors added39th pct
- Insider open-market trades44th pct
- − Call sentiment
- − Call confidence
- + Guidance changes
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver49th pct
- Stress filings50th pct
Credit
How these are built →United Airlines Holdings's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$26.4B
- Due within a year $1.8B
- Longer term $24.6B
- Default point $14.1B (short + ½ long)
Finance leases included · Sep 30, 2026 filing
Bonds priced, last 12 months
$2.0B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Feb 3, 2026 | $1B | 4.875% | 2029 (3y) | +120bp | 4.875% |
| Jan 26, 2026 | $1B | 5.375% | 2031 (5y) | +150bp | 5.375% |
From the pricing term sheets United Airlines Holdings filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name United Airlines Holdings, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralUnited Airlines CEO Defends Fare Hikes Amid Rising Costs; UAL Stock Fairly Valued at $96.10
gurufocus.com · via Marketaux · Oct 18, 2026
- NeutralUnited Airlines: Higher Fares, Lower Profits, Still A 'Buy' (NASDAQ:UAL)
seekingalpha.com · via Marketaux · Oct 16, 2026
- NeutralUnited Airlines CEO Scott Kirby’s daily routine: 8.5 hours of sleep, 3 hours of reading and a 5-minute lunch
livemint.com · via Marketaux · Oct 9, 2026
- NeutralUnited Airlines: The Delta Air Lines WiFi Gift (NASDAQ:UAL)
seekingalpha.com · via Marketaux · Oct 8, 2026
- NeutralI’m the CEO of United Airlines and the least stressed person you've ever met. Here's my daily routine.
businessinsider.com · via Marketaux · Sep 30, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (MICHAEL BEST STRATEGIES LLC)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (UNITED AIRLINES, INC.)third_quarter 2026 · $1.0 million
- Oct 20, 2026LobbyingLobbying report (CORNERSTONE GOVERNMENT AFFAIRS, INC.)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (THE DUBERSTEIN GROUP INC.)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (BALLARD PARTNERS, LLC)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (ALIGNMENT GOVERNMENT STRATEGIES)third_quarter 2026 · $0.0 million
- Sep 15, 2026Patent
- Aug 6, 2026Risk event
- Aug 6, 2026Risk event
- Jul 20, 2026LobbyingLobbying report (MICHAEL BEST STRATEGIES LLC)second_quarter 2026 · $0.1 million
- Jun 12, 2026Risk event
- May 22, 20268-KShareholder vote resultsItem 5.07
- Feb 17, 2026Risk event
- Feb 12, 202610-KAnnual report (10-K)1 risk factors added, 0 removed
- Feb 6, 20268-KMaterial agreement signedItem 1.01
- Feb 2, 20268-KMaterial agreement signedItem 1.01
- Jan 13, 2026PatentPatent granted: Tray Table IndicatorUS 12525316
- Dec 23, 2025Risk event
- Dec 19, 2025Risk event
- Oct 14, 2025Risk event
- Sep 16, 2025Patent
- Aug 26, 2025Risk event
- Jul 28, 2025Risk event
- Jul 9, 20258-KMaterial agreement terminatedItem 1.02
- Jul 9, 2025Risk event
- May 28, 20258-KShareholder vote resultsItem 5.07
- May 28, 20258-KDirector or officer changeItem 5.02
- May 6, 2025Patent
- Feb 27, 202510-KAnnual report (10-K)1 risk factors added, 0 removed
- Jan 17, 20258-KDirector or officer changeItem 5.02
- Dec 24, 2024Patent
- Feb 29, 202410-KAnnual report (10-K)0 risk factors added, 2 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| American Airlines Group AAL | $58.3B | $0.3B | Jun 30, 2026 |
| Delta Air Lines DAL | $71.8B | $3.9B | Sep 30, 2026 |
| Southwest Airlines LUV | $30.1B | −$0.4B | Jun 30, 2026 |
| Alaska Air Group ALK | $14.8B | — | Jun 30, 2026 |
| Uber Technologies UBER | $55.2B | $10.1B | Jun 30, 2026 |
| General Dynamics GD | $53.8B | $6.2B | Apr 5, 2026 |
| Caterpillar Inc. CAT | $74.7B | $10.7B | Jun 30, 2026 |
| General Electric GE | $52.6B | $8.0B | Sep 30, 2026 |