Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
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JB Hunt Transport Services Inc
Southwest Airlines Co.
Alaska Air Group, Inc.
Delta Air Lines, Inc.
JetBlue Airways Corp
Copa Holdings, S.A.
Allegiant Travel Company
Skywest Inc
Frontier Group Holdings, Inc. Common Stock
The chart shows the growth of an initial investment of $10,000 in United Airlines Holdings, Inc. Common Stock, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
United Airlines Holdings, Inc. Common Stock (UAL) has returned -18.11% so far this year and 67.93% over the past 12 months. Looking at the last ten years, UAL has achieved an annualized return of 5.00%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of United Airlines Holdings, Inc. Common Stock (UAL) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.13% | 2.02% | -7.93% | -1.50% | ||||||||
| 2025 | 8.79% | -7.99% | -26.41% | 2.03% | 13.74% | 0.89% | 11.38% | 22.91% | -6.30% | -2.03% | 8.47% | 11.50% |
| 2024 | 0.61% | 9.11% | 4.98% | 7.21% | 3.09% | -9.05% | -6.77% | -3.76% | 30.78% | 37.61% | 22.28% | -0.20% |
| 2023 | 28.10% | 6.39% | -14.36% | 0.27% | 8.72% | 15.88% | -0.33% | -6.98% | -15.62% | -17.27% | 12.54% | 4.51% |
| 2022 | -4.00% | 3.23% | 6.24% | 8.58% | -5.66% | -26.56% | 3.49% | -4.58% | -6.17% | 33.13% | 1.31% | -14.90% |
| 2021 | -8.45% | 30.57% | 3.79% | -5.66% | 6.74% | -11.55% | -11.50% | -0.73% | 1.75% | -5.64% | -8.49% | 1.74% |
| 2020 | -16.49% | -18.41% | -48.39% | 0.24% | -0.21% | 22.77% | -15.01% | 14.91% | -1.42% | -3.89% | 32.19% | -5.63% |
| 2019 | 6.83% | 0.69% | -9.81% | 10.78% | -12.81% | 13.14% | 3.46% | -8.39% | 5.70% | 1.90% | 1.25% | -5.28% |
| 2018 | -0.12% | 0.85% | 2.49% | -2.29% | 2.96% | -0.39% | 15.85% | 8.23% | 1.39% | -4.23% | 12.94% | -14.27% |
| 2017 | -4.80% | 4.43% | -5.36% | -0.68% | 12.91% | -5.93% | -10.77% | -9.08% | -2.65% | -3.97% | 8.80% | 6.65% |
| 2016 | -20.23% | -3.26% | -9.30% | 14.31% | 7.78% | 3.82% | 7.64% | 22.58% | 6.13% |
The charts below present risk-adjusted performance metrics for United Airlines Holdings, Inc. Common Stock (UAL) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of UAL compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current United Airlines Holdings, Inc. Common Stock volatility is 3.57%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 76.45B | 74.08B | 71.10B | 67.36B | 68.18B | 59.55B | 52.61B | 44.79B | 42.33B | 40.14B | 40.86B | 37.35B | 36.81B | 37.63B | 37.99B |
| Equity Attributable To Parent (USD) | 15.28B | 12.68B | 9.32B | 6.90B | 5.03B | 5.96B | 11.53B | 10.00B | 8.81B | 8.66B | 8.97B | 2.40B | 2.98B | 481.00M | 1.81B |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 15.28B | 12.68B | 9.32B | 6.90B | 5.03B | 5.96B | 11.53B | 10.00B | 8.81B | 8.66B | 8.97B | 2.40B | 2.98B | 481.00M | 1.81B |
| Other Non-current Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 693.00M | 1.46B |
| Long-term Debt (USD) | - | - | - | - | - | - | - | - | - | - | - | - | 11.71B | 12.40B | 11.91B |
| Noncurrent Liabilities (USD) | 35.03B | 38.09B | 39.58B | 40.47B | 44.84B | 40.86B | 26.14B | 21.59B | 20.84B | 19.20B | 19.48B | 22.45B | 10.80B | 13.10B | 13.36B |
| Other Current Liabilities (USD) | 17.67B | 15.83B | 15.43B | 14.63B | 13.62B | 9.17B | 9.96B | 8.67B | 8.31B | 7.84B | 8.20B | 8.81B | 8.32B | 8.74B | 7.89B |
| Wages (USD) | 3.90B | 3.29B | 2.94B | 1.97B | 2.12B | 1.96B | 2.27B | 2.18B | 2.17B | 2.31B | 2.35B | 1.82B | 1.70B | 1.76B | 1.51B |
| Accounts Payable (USD) | 4.57B | 4.19B | 3.84B | 3.40B | 2.56B | 1.60B | 2.70B | 2.36B | 2.20B | 2.14B | 1.87B | 1.88B | 2.09B | 2.31B | 2.00B |
| Current Liabilities (USD) | 26.13B | 23.31B | 22.20B | 19.99B | 18.30B | 12.73B | 14.94B | 13.21B | 12.68B | 12.29B | 12.41B | 12.51B | 12.11B | 12.82B | 11.39B |
| Liabilities (USD) | 61.17B | 61.41B | 61.78B | 60.46B | 63.15B | 53.59B | 41.08B | 34.80B | 33.52B | 31.48B | 31.90B | 34.96B | 33.83B | 37.15B | 36.18B |
| Other Non-current Assets (USD) | 10.82B | 9.61B | 49.89B | 44.54B | 43.54B | 41.91B | 11.24B | 6.11B | 5.47B | 5.88B | 7.32B | 5.46B | 5.63B | 5.69B | - |
| Intangible Assets (USD) | 2.66B | 2.68B | 2.73B | 2.76B | 2.80B | 2.84B | 3.01B | 3.16B | 3.54B | 3.63B | 4.14B | 4.28B | 4.44B | 4.60B | 4.75B |
| Fixed Assets (USD) | 46.12B | 42.91B | - | - | - | - | 30.17B | 28.33B | 26.21B | 23.32B | 21.58B | 19.47B | 18.05B | 17.29B | 16.42B |
| Noncurrent Assets (USD) | 59.59B | 55.20B | 52.62B | 47.30B | 46.34B | 44.75B | 44.42B | 37.60B | 35.21B | 32.83B | 33.03B | 29.22B | 28.11B | 27.58B | 10.57B |
| Other Current Assets (USD) | 14.47B | 16.72B | 16.59B | 18.26B | 20.17B | 13.51B | 6.83B | 5.85B | 5.77B | 6.13B | 6.69B | 2.61B | 2.08B | 2.17B | 1.88B |
| Inventory (USD) | - | - | - | - | - | - | - | - | - | - | 7.00M | - | - | - | - |
| Accounts Receivable (USD) | 2.39B | 2.16B | 1.90B | 1.80B | 1.66B | 1.30B | 1.36B | 1.35B | 1.34B | 1.18B | 1.13B | 1.15B | 1.50B | 1.34B | 1.36B |
| Cash (USD) | - | - | - | - | - | - | - | - | - | - | - | 4.38B | 5.12B | 6.54B | 7.76B |
| Current Assets (USD) | 16.86B | 18.88B | 18.49B | 20.06B | 21.83B | 14.80B | 8.19B | 7.19B | 7.11B | 7.31B | 7.83B | 8.14B | 8.70B | 10.05B | 11.00B |
| Assets (USD) | 76.45B | 74.08B | 71.10B | 67.36B | 68.18B | 59.55B | 52.61B | 44.79B | 42.33B | 40.14B | 40.86B | 37.35B | 36.81B | 37.63B | 37.99B |
President Trump escalated threats against Iran, announcing intensified bombing campaigns over the next 2-3 weeks and threatening to destroy Iranian infrastructure. WTI crude surged 9% to $110/barrel, with the Strait of Hormuz remaining effectively closed. Airlines and cruise lines face significant margin pressure as jet fuel and diesel costs spike, with five travel stocks experiencing the steepest declines.
California Governor Gavin Newsom criticized President Trump over the escalating Iran war, stating that Americans are bearing the economic costs through soaring gas, food, and airfare prices, as well as rising military casualties. Newsom accused the administration of lying about the war and disputed Trump's claims that gas prices would decline. Gas prices have surged to $4.064 nationally and over $5 in several states, while oil prices exceeded $104/barrel for WTI and $106/barrel for Brent Crude following Trump's address.
Major U.S. stock indexes fell on March 27, 2026, as crude oil surged above $110 per barrel amid geopolitical tensions, driving a broad sell-off. Energy stocks gained while tech mega-caps declined due to AI spending concerns and lawsuit pressures. The Nasdaq entered correction territory, falling over 10% from its October high.
Senator Elizabeth Warren criticized President Trump's handling of the Iran conflict, citing significant price surges: gasoline up 33% to $3.98/gallon, fertilizer up 30-40%, and jet fuel up 69% to $4.24/gallon. The escalating tensions between the U.S. and Iran following military strikes have created economic disruptions, with airline industry leaders warning of potential fare increases.
A TSA staffing crisis triggered by government shutdown has forced security officers to work without pay, causing callout rates above 40% at multiple airports. This threatens airport operations and airline profitability through missed connections, flight cancellations, and refund costs. Investors are advised to reduce exposure to domestic-heavy airline stocks while considering rotation toward diversified travel platforms and industrials.
United Airlines announced it will take delivery of over 250 new aircraft by April 2028, the largest two-year fleet expansion by any airline. The expansion includes Boeing 787-9s, Airbus A321neos, A321XLRs, and Boeing 737 MAX jets, with new premium cabin features rolling out across narrowbody and regional aircraft. However, UAL stock was down 2.26% on Tuesday, trading below its moving averages despite a Buy rating and $129.81 average price target.
Chevron CEO Mike Wirth warned that oil markets are underpricing the supply shock from the Strait of Hormuz closure, which channels 20% of global crude oil and LNG. Despite a 60% price surge since the Iran conflict began, he stated fundamentals remain very tight. The IEA authorized 400 million barrels in emergency reserves, but this falls short of the 11+ million barrels per day currently offline. United Airlines warned of potential $175/barrel oil scenarios that could add $11 billion to annual fuel costs.
American Airlines Group and other airline stocks rallied on March 23, 2026, as de-escalation signals in the Iran conflict and declining oil prices eased fuel cost concerns. AAL closed up 3.64% at $10.81, while Delta and United also gained significantly. Despite the positive day, AAL remains down 16% over the past month, and continued volatility is expected given the ongoing geopolitical situation.
JetBlue Airways shares rose 5.21% on Monday following President Trump's suspension of U.S. strikes on Iran's energy infrastructure for five days. The decline in oil prices benefited airline stocks, as airlines are heavily dependent on fuel costs. However, technical indicators show mixed momentum with the stock still trading below key moving averages.
Markets rallied sharply on Monday following President Trump's announcement of a five-day halt to U.S. military strikes on Iranian energy infrastructure and claims of productive peace talks, despite Iran's swift denial of any negotiations. The S&P 500 gained 1.64%, with stocks hardest hit by the Middle East conflict—particularly cruise operators, airlines, and homebuilders—experiencing the strongest rebounds. Gold miners and construction-related ETFs also performed well amid the relief rally.