United Airlines Holdings annual capital expenditures (capex)
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United Airlines Holdings Capital Expenditures (CapEx) Growth & History (UAL)
United Airlines Holdings's capital expenditures (capex) was $5.87B for fiscal 2025.
View full United Airlines Holdings company overviewUnited Airlines Holdings annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.87B | $259.0M | +4.61% |
| 2024 | 2024-12-31 | $5.62B | −$1.56B | −21.70% |
| 2023 | 2023-12-31 | $7.17B | $2.35B | +48.81% |
| 2022 | 2022-12-31 | $4.82B | $2.71B | +128.71% |
| 2021 | 2021-12-31 | $2.11B | $380.0M | +22.00% |
| 2020 | 2020-12-31 | $1.73B | −$2.80B | −61.86% |
| 2019 | 2019-12-31 | $4.53B | $458.0M | +11.25% |
| 2018 | 2018-12-31 | $4.07B | $200.0M | +5.17% |
| 2017 | 2017-12-31 | $3.87B | $647.0M | +20.07% |
| 2016 | 2016-12-31 | $3.22B | $476.0M | +17.33% |
| 2015 | 2015-12-31 | $2.75B | $742.0M | +37.01% |
| 2014 | 2014-12-31 | $2.00B | −$159.0M | −7.35% |
| 2013 | 2013-12-31 | $2.16B | $148.0M | +7.34% |
| 2012 | 2012-12-31 | $2.02B | $1.18B | +140.00% |
| 2011 | 2011-12-31 | $840.0M | $424.0M | +101.92% |
| 2010 | 2010-12-31 | $416.0M | $99.0M | +31.23% |
| 2009 | 2009-12-31 | $317.0M | −$158.0M | −33.26% |
| 2008 | 2008-12-31 | $475.0M | — | — |
United Airlines Holdings quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.34B | $56.0M | +4.35% |
| Q1 2026 | 2026-03-31 | $1.67B | $439.0M | +35.60% |
| Q4 2025 | 2025-12-31 | $1.89B | $215.0M | +12.84% |
| Q3 2025 | 2025-09-30 | $1.46B | $54.0M | +3.83% |
| Q2 2025 | 2025-06-30 | $1.29B | $123.0M | +10.57% |
| Q1 2025 | 2025-03-31 | $1.23B | −$133.0M | −9.74% |
| Q4 2024 | 2024-12-31 | $1.68B | −$391.0M | −18.93% |
| Q3 2024 | 2024-09-30 | $1.41B | −$432.0M | −23.45% |
| Q2 2024 | 2024-06-30 | $1.16B | −$256.0M | −18.03% |
| Q1 2024 | 2024-03-31 | $1.37B | −$477.0M | −25.88% |
| Q4 2023 | 2023-12-31 | $2.07B | −$473.0M | −18.63% |
| Q3 2023 | 2023-09-30 | $1.84B | $514.0M | +38.70% |
| Q2 2023 | 2023-06-30 | $1.42B | $870.0M | +158.18% |
| Q1 2023 | 2023-03-31 | $1.84B | $1.44B | +358.46% |
| Q4 2022 | 2022-12-31 | $2.54B | $2.00B | +373.69% |
| Q3 2022 | 2022-09-30 | $1.33B | $1.06B | +399.25% |
| Q2 2022 | 2022-06-30 | $550.0M | −$311.0M | −36.12% |
| Q1 2022 | 2022-03-31 | $402.0M | −$42.0M | −9.46% |
| Q4 2021 | 2021-12-31 | $536.0M | $439.0M | +452.58% |
| Q3 2021 | 2021-09-30 | $266.0M | −$102.0M | −27.72% |
| Q2 2021 | 2021-06-30 | $861.0M | $822.0M | +2107.69% |
| Q1 2021 | 2021-03-31 | $444.0M | −$1.51B | −77.34% |
| Q4 2020 | 2020-12-31 | $97.0M | −$1.09B | −91.86% |
| Q3 2020 | 2020-09-30 | $368.0M | −$501.0M | −57.65% |
| Q2 2020 | 2020-06-30 | $39.0M | −$819.0M | −95.45% |
| Q1 2020 | 2020-03-31 | $1.96B | $350.0M | +21.75% |
| Q4 2019 | 2019-12-31 | $1.19B | −$382.0M | −24.27% |
| Q3 2019 | 2019-09-30 | $869.0M | $44.0M | +5.33% |
| Q2 2019 | 2019-06-30 | $858.0M | $131.0M | +18.02% |
| Q1 2019 | 2019-03-31 | $1.61B | $665.0M | +70.44% |
| Q4 2018 | 2018-12-31 | $1.57B | $604.0M | +62.27% |
| Q3 2018 | 2018-09-30 | $825.0M | −$295.0M | −26.34% |
| Q2 2018 | 2018-06-30 | $727.0M | −$362.0M | −33.24% |
| Q1 2018 | 2018-03-31 | $944.0M | $253.0M | +36.61% |
| Q4 2017 | 2017-12-31 | $970.0M | $90.0M | +10.23% |
| Q3 2017 | 2017-09-30 | $1.12B | $431.0M | +62.55% |
| Q2 2017 | 2017-06-30 | $1.09B | $251.0M | +29.95% |
| Q1 2017 | 2017-03-31 | $691.0M | −$125.0M | −15.32% |
| Q4 2016 | 2016-12-31 | $880.0M | $117.0M | +15.33% |
| Q3 2016 | 2016-09-30 | $689.0M | $16.0M | +2.38% |
| Q2 2016 | 2016-06-30 | $838.0M | −$263.0M | −23.89% |
| Q1 2016 | 2016-03-31 | $816.0M | $606.0M | +288.57% |
| Q4 2015 | 2015-12-31 | $763.0M | $103.0M | +15.61% |
| Q3 2015 | 2015-09-30 | $673.0M | $281.0M | +71.68% |
| Q2 2015 | 2015-06-30 | $1.10B | $512.0M | +86.93% |
| Q1 2015 | 2015-03-31 | $210.0M | −$154.0M | −42.31% |
| Q4 2014 | 2014-12-31 | $660.0M | −$105.0M | −13.73% |
| Q3 2014 | 2014-09-30 | $392.0M | −$186.0M | −32.18% |
| Q2 2014 | 2014-06-30 | $589.0M | $143.0M | +32.06% |
| Q1 2014 | 2014-03-31 | $364.0M | −$11.0M | −2.93% |
| Q4 2013 | 2013-12-31 | $765.0M | −$224.0M | −22.65% |
| Q3 2013 | 2013-09-30 | $578.0M | $170.0M | +41.67% |
| Q2 2013 | 2013-06-30 | $446.0M | $128.0M | +40.25% |
| Q1 2013 | 2013-03-31 | $375.0M | $74.0M | +24.58% |
| Q4 2012 | 2012-12-31 | $989.0M | $659.0M | +199.70% |
| Q3 2012 | 2012-09-30 | $408.0M | $248.0M | +155.00% |
| Q2 2012 | 2012-06-30 | $318.0M | $173.0M | +119.31% |
| Q1 2012 | 2012-03-31 | $301.0M | $96.0M | +46.83% |
| Q4 2011 | 2011-12-31 | $330.0M | $126.0M | +61.76% |
| Q3 2011 | 2011-09-30 | $160.0M | $72.0M | +81.82% |
| Q2 2011 | 2011-06-30 | $145.0M | $72.0M | +98.63% |
| Q1 2011 | 2011-03-31 | $205.0M | $154.0M | +301.96% |
| Q4 2010 | 2010-12-31 | $204.0M | — | — |
| Q3 2010 | 2010-09-30 | $88.0M | $28.0M | +46.67% |
| Q2 2010 | 2010-06-30 | $73.0M | — | — |
| Q1 2010 | 2010-03-31 | $51.0M | — | — |
| Q3 2009 | 2009-09-30 | $60.0M | — | — |
United Airlines Holdings capital expenditures (capex) trends
Over the last five fiscal years, United Airlines Holdings's capital expenditures (capex) increased from $1.73B to $5.87B, a change of $4.15B. The latest reported quarter, Q2 2026, shows $1.34B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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