United Airlines Holdings Inc Financial Flexibility Index
United Airlines Holdings Inc financial flexibility index. United Airlines Holdings Inc (UAL) has a Financial Flexibility Index of 0.04x as of June 2026. Free cash flow of $2.95 Billion (operating CF $1.61 Billion minus capex $1.34 Billion) represents 0% of total liabilities ($67.87 Billion). Explore United Airlines Holdings Inc capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of United Airlines Holdings Inc (1985–2025)
Financial flexibility index of United Airlines Holdings Inc from 1985 to 2025. Historical Financial Flexibility Index trend for United Airlines Holdings Inc across 41 annual periods. Check United Airlines Holdings Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
United Airlines Holdings Inc Financial Flexibility Index by Year (1985–2025)
United Airlines Holdings Inc financial flexibility index by year from 1985 to 2025. Year-by-year free cash flow to debt coverage for United Airlines Holdings Inc. For the full cash flow conversion analysis, see United Airlines Holdings Inc (UAL) cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.23x | $14.30 Billion | $8.43 Billion | $61.17 Billion | ▼ -4.6% |
| 2024 | 0.25x | $15.06 Billion | $9.45 Billion | $61.41 Billion | ▲ +7.6% |
| 2023 | 0.23x | $14.08 Billion | $6.91 Billion | $61.78 Billion | ▲ +26.6% |
| 2022 | 0.18x | $10.88 Billion | $6.07 Billion | $60.46 Billion | ▲ +172.4% |
| 2021 | 0.07x | $4.17 Billion | $2.07 Billion | $63.15 Billion | ▲ +247.2% |
| 2020 | -0.04x | $-2.41 Billion | $-4.13 Billion | $53.59 Billion | ▼ -116.1% |
| 2019 | 0.28x | $11.44 Billion | $6.91 Billion | $41.08 Billion | ▲ +6.0% |
| 2018 | 0.26x | $10.23 Billion | $6.16 Billion | $38.98 Billion | ▲ +20.2% |
| 2017 | 0.22x | $7.34 Billion | $3.47 Billion | $33.61 Billion | ▼ -21.5% |
| 2016 | 0.28x | $8.77 Billion | $5.54 Billion | $31.48 Billion | ▲ +1.6% |
| 2015 | 0.27x | $8.74 Billion | $5.99 Billion | $31.89 Billion | ▲ +102.0% |
| 2014 | 0.14x | $4.64 Billion | $2.63 Billion | $34.20 Billion | ▲ +27.2% |
| 2013 | 0.11x | $3.61 Billion | $1.44 Billion | $33.83 Billion | ▲ +34.3% |
| 2012 | 0.08x | $2.95 Billion | $935.00 Million | $37.15 Billion | ▼ -7.5% |
| 2011 | 0.09x | $3.11 Billion | $2.41 Billion | $36.18 Billion | ▲ +42.8% |
| 2010 | 0.06x | $2.28 Billion | $1.91 Billion | $37.87 Billion | ▲ +0.8% |
| 2009 | 0.06x | $1.28 Billion | $966.00 Million | $21.50 Billion | ▲ +257.8% |
| 2008 | -0.04x | $-824.00 Million | $-1.24 Billion | $21.79 Billion | ▼ -129.5% |
| 2007 | 0.13x | $2.79 Billion | $2.13 Billion | $21.80 Billion | ▲ +54.6% |
| 2006 | 0.08x | $1.92 Billion | $1.56 Billion | $23.22 Billion | ▲ +140.2% |
| 2005 | 0.03x | $1.55 Billion | $1.08 Billion | $44.90 Billion | ▲ +349.2% |
| 2004 | 0.01x | $218.00 Million | $-49.00 Million | $28.39 Billion | ▼ -81.4% |
| 2003 | 0.04x | $1.15 Billion | $1.00 Billion | $27.89 Billion | ▲ +209.8% |
| 2002 | -0.04x | $-982.00 Million | $-1.14 Billion | $26.14 Billion | ▼ -146.5% |
| 2001 | 0.08x | $1.79 Billion | $-160.00 Million | $22.16 Billion | ▼ -69.1% |
| 2000 | 0.26x | $5.01 Billion | $2.47 Billion | $19.16 Billion | ▼ -14.1% |
| 1999 | 0.30x | $4.81 Billion | $2.42 Billion | $15.81 Billion | ▼ -22.9% |
| 1998 | 0.39x | $6.03 Billion | $3.19 Billion | $15.28 Billion | ▼ -1.3% |
| 1997 | 0.40x | $5.38 Billion | $2.57 Billion | $13.47 Billion | ▲ +16.6% |
| 1996 | 0.34x | $3.99 Billion | $2.45 Billion | $11.65 Billion | ▲ +48.1% |
| 1995 | 0.23x | $2.73 Billion | $1.62 Billion | $11.82 Billion | ▲ +41.3% |
| 1994 | 0.16x | $1.97 Billion | $1.33 Billion | $12.03 Billion | ▼ -19.3% |
| 1993 | 0.20x | $2.35 Billion | $858.00 Million | $11.60 Billion | ▼ -24.2% |
| 1992 | 0.27x | $3.09 Billion | $575.30 Million | $11.55 Billion | ▼ -21.3% |
| 1991 | 0.34x | $2.82 Billion | $338.00 Million | $8.28 Billion | ▼ -35.4% |
| 1990 | 0.53x | $3.33 Billion | $715.80 Million | $6.31 Billion | ▲ +33.3% |
| 1989 | 0.40x | $2.23 Billion | $658.50 Million | $5.64 Billion | ▼ -30.0% |
| 1988 | 0.56x | $3.09 Billion | $1.72 Billion | $5.47 Billion | ▼ -7.2% |
| 1987 | 0.61x | $3.33 Billion | $2.34 Billion | $5.47 Billion | ▲ +4.1% |
| 1986 | 0.58x | $2.42 Billion | $926.60 Million | $4.13 Billion | ▲ +1682.6% |
| 1985 | 0.03x | $207.10 Million | $-492.40 Million | $6.32 Billion | — |