United Airlines Quarterly Cash Flow Statement
NASDAQ: UALConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 107.20 -0.24%
United Airlines free cash flow
In the quarter ended Jun 30, 2026, United Airlines generated $1.61 billion of operating cash flow and spent $1.34 billion on capital expenditures. That left free cash flow of $267.0 million, a free-cash-flow margin of 1.5% of revenue. Free cash flow was down 71.3% from the prior year's $930.0 million.
Summary generated from market data by MetaCap's automated system. Methodology
United Airlines cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 805.00M | 699.00M | 1.04B | 949.00M | 973.00M | 387.00M | 985.00M | 965.00M | 1.32B | -124.00M | 600.00M | 1.14B |
| Net Income growth (YoY) | -17.27% | +80.62% | +5.99% | -1.66% | -26.46% | — | +64.17% | -15.13% | +23.07% | — | -28.83% | +20.70% |
| Depreciation & Amortization | 762.00M | 756.00M | 748.00M | 730.00M | 733.00M | 727.00M | 759.00M | 742.00M | 719.00M | 708.00M | 684.00M | 663.00M |
| Operating Cash Flow | 1.61B | 4.80B | 1.29B | 1.22B | 2.22B | 3.71B | 2.22B | 1.50B | 2.88B | 2.85B | -910.00M | 880.00M |
| Capital Expenditures | -1.34B | -1.67B | -1.89B | -1.46B | -1.29B | -1.23B | -1.68B | -1.41B | -1.16B | -1.37B | -2.07B | -1.84B |
| Investing Cash Flow | -1.46B | -1.89B | -1.56B | -1.74B | -1.58B | -1.46B | -1.72B | -2.51B | 134.00M | 1.44B | -743.00M | -1.94B |
| Share Repurchases | 0 | -27.00M | -27.00M | -21.00M | -240.00M | -349.00M | -80.00M | -82.00M | 0 | 0 | 0 | — |
| Debt Issued | — | — | — | — | — | — | 837.00M | 1.58B | 607.00M | 3.11B | 703.00M | 94.00M |
| Debt Repaid | -1.45B | -3.09B | -575.00M | -2.58B | -600.00M | -1.01B | -1.35B | -2.58B | -1.19B | -5.03B | -825.00M | -809.00M |
| Financing Cash Flow | 2.15B | -976.00M | -509.00M | -2.14B | -843.00M | -1.46B | -591.00M | -1.07B | -580.00M | -1.94B | -123.00M | -715.00M |
| Net Change in Cash | 2.30B | 1.93B | -790.00M | -2.66B | -206.00M | 791.00M | -82.00M | -2.09B | 2.43B | 2.35B | -1.78B | -1.77B |
| Free Cash Flow | 267.00M | 3.13B | -604.00M | -246.00M | 930.00M | 2.48B | 549.00M | 88.00M | 1.71B | 1.48B | -2.98B | -962.00M |
This table shows 12 quarterly periods of United Airlines's cash flow statement, from Q2 2026 back to Q3 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow UAL's reporting calendar. What is a cash flow statement?