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. Check UAL operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
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. Explore UAL long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
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 United Airlines Holdings Inc market capitalisation.
| 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 | — |