United Airlines Holdings Inc (UAL) — Cash Flow Reinvestment Rate
United Airlines Holdings Inc (UAL) has a Cash Flow Reinvestment Rate of 0.94x as of June 2026, reinvesting $1.52 Billion (capex $1.34 Billion plus investments $-173.00 Million) from operating cash flow of $1.61 Billion. See United Airlines Holdings Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
United Airlines Holdings Inc Cash Flow Reinvestment Rate (1986–2025)
Historical reinvestment intensity for United Airlines Holdings Inc across 35 annual periods. For the full cash flow conversion analysis, see United Airlines Holdings Inc (UAL) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for United Airlines Holdings Inc (1986–2025)
Year-by-year capital reinvestment analysis for United Airlines Holdings Inc. See UAL FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.75x | $6.35 Billion | $8.43 Billion | $5.87 Billion | ▼ -13.9% |
| 2024 | 0.88x | $8.27 Billion | $9.45 Billion | $5.62 Billion | ▼ -54.4% |
| 2023 | 1.92x | $13.28 Billion | $6.91 Billion | $7.17 Billion | ▼ -16.6% |
| 2022 | 2.30x | $13.97 Billion | $6.07 Billion | $4.82 Billion | ▲ +95.4% |
| 2021 | 1.18x | $2.44 Billion | $2.07 Billion | $2.11 Billion | ▲ +75.5% |
| 2019 | 0.67x | $4.64 Billion | $6.91 Billion | $4.53 Billion | ▼ -10.2% |
| 2018 | 0.75x | $4.61 Billion | $6.16 Billion | $4.07 Billion | ▼ -66.7% |
| 2017 | 2.25x | $7.80 Billion | $3.47 Billion | $3.87 Billion | ▲ +92.6% |
| 2016 | 1.17x | $6.46 Billion | $5.54 Billion | $3.22 Billion | ▲ +137.8% |
| 2015 | 0.49x | $2.94 Billion | $5.99 Billion | $2.75 Billion | ▼ -47.6% |
| 2014 | 0.93x | $2.46 Billion | $2.63 Billion | $2.00 Billion | ▼ -40.9% |
| 2013 | 1.58x | $2.28 Billion | $1.44 Billion | $2.16 Billion | ▼ -34.6% |
| 2012 | 2.42x | $2.26 Billion | $935.00 Million | $2.02 Billion | ▲ +731.9% |
| 2011 | 0.29x | $700.00 Million | $2.41 Billion | $700.00 Million | ▲ +49.4% |
| 2010 | 0.19x | $371.00 Million | $1.91 Billion | $371.00 Million | ▼ -40.7% |
| 2009 | 0.33x | $317.00 Million | $966.00 Million | $317.00 Million | ▲ +6.4% |
| 2007 | 0.31x | $658.00 Million | $2.13 Billion | $658.00 Million | ▲ +33.0% |
| 2006 | 0.23x | $362.00 Million | $1.56 Billion | $362.00 Million | ▼ -46.8% |
| 2005 | 0.44x | $470.00 Million | $1.08 Billion | $470.00 Million | ▲ +190.7% |
| 2003 | 0.15x | $150.00 Million | $1.00 Billion | $150.00 Million | ▼ -85.4% |
| 2000 | 1.03x | $2.54 Billion | $2.47 Billion | $2.54 Billion | ▲ +4.0% |
| 1999 | 0.99x | $2.39 Billion | $2.42 Billion | $2.39 Billion | ▲ +11.3% |
| 1998 | 0.89x | $2.83 Billion | $3.19 Billion | $2.83 Billion | ▼ -19.1% |
| 1997 | 1.10x | $2.81 Billion | $2.57 Billion | $2.81 Billion | ▲ +74.7% |
| 1996 | 0.63x | $1.54 Billion | $2.45 Billion | $1.54 Billion | ▼ -8.4% |
| 1995 | 0.68x | $1.11 Billion | $1.62 Billion | $1.11 Billion | ▲ +43.5% |
| 1994 | 0.48x | $636.00 Million | $1.33 Billion | $636.00 Million | ▼ -72.7% |
| 1993 | 1.74x | $1.50 Billion | $858.00 Million | $1.50 Billion | ▼ -60.2% |
| 1992 | 4.38x | $2.52 Billion | $575.30 Million | $2.52 Billion | ▼ -40.4% |
| 1991 | 7.34x | $2.48 Billion | $338.00 Million | $2.48 Billion | ▲ +101.3% |
| 1990 | 3.65x | $2.61 Billion | $715.80 Million | $2.61 Billion | ▲ +52.8% |
| 1989 | 2.39x | $1.57 Billion | $658.50 Million | $1.57 Billion | ▲ +199.1% |
| 1988 | 0.80x | $1.37 Billion | $1.72 Billion | $1.37 Billion | ▲ +89.2% |
| 1987 | 0.42x | $987.00 Million | $2.34 Billion | $987.00 Million | ▼ -73.8% |
| 1986 | 1.61x | $1.49 Billion | $926.60 Million | $1.49 Billion | — |