United Airlines Holdings Inc (UAL) — Cash Flow Reinvestment Rate
United Airlines Holdings Inc (UAL) has a Cash Flow Reinvestment Rate of 0.37x as of March 2026, reinvesting $1.76 Billion (capex $1.67 Billion plus investments $-87.00 Million) from operating cash flow of $4.80 Billion. Explore United Airlines Holdings Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore UAL asset base for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for United Airlines Holdings Inc (1986–2025)
Year-by-year capital reinvestment analysis for United Airlines Holdings Inc. For live market cap and broader valuation context, see UAL company net worth.
| 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 | — |