For the quarter ending 2026-03-31, UAL had $1,929M increase in cash & cash equivalents over the period. $3,127M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | - | 3,353 | - | - |
| Deferred income tax | - | 925 | - | - |
| Depreciation and amortization | - | 2,939 | - | - |
| Operating and non-operating special charges, non-cash portion | - | 13 | - | - |
| Unrealized (gains) losses on investments | - | 4 | - | - |
| Amortization of debt discount and debt issuance costs | - | 77 | - | - |
| Other operating activities | - | -62 | - | - |
| (increase) decrease in receivables | - | 297 | - | - |
| Increase in prepaids and other assets | - | 264 | - | - |
| Increase (decrease) in advance ticket sales | - | 570 | - | - |
| Increase in frequent flyer deferred revenue | - | 336 | - | - |
| Increase in accounts payable | - | 674 | - | - |
| Increase in other liabilities | - | 171 | - | - |
| Net cash provided by operating activities | 4,799 | 1,286 | 1,218 | 2,217 |
| Capital expenditures, net of flight equipment purchase deposit returns | 1,672 | 1,890 | 1,464 | 1,287 |
| Purchases of short-term and other investments | 2,356 | 1,309 | 1,732 | 2,476 |
| Proceeds from sale of short-term and other investments | 2,269 | 1,630 | 1,432 | 2,199 |
| Proceeds from sale of property and equipment | 9 | 35 | 15 | 19 |
| Other, net | 144 | 32 | -6 | 35 |
| Net cash used in investing activities | -1,894 | -1,565 | -1,743 | -1,580 |
| Proceeds from issuance of debt and other financial liabilities, net of discounts and fees | 2,233 | 93 | 485 | 3 |
| Payments of long-term debt, finance leases and other financial liabilities | 3,092 | 575 | 2,585 | 600 |
| Repurchases of common stock | 27 | 27 | 21 | 240 |
| Other, net | -90 | -1 | -15 | -5 |
| Net cash used in financing activities | -976 | -509 | -2,136 | -843 |
| Net increase in cash, cash equivalents and restricted cash | 1,929 | -790 | -2,660 | -206 |
| Cash, cash equivalents and restricted cash at beginning of the period | 6,081 | 6,871 | 9,531 | 9,737 |
| Cash, cash equivalents and restricted cash at end of the period | 8,011 | 6,081 | 6,871 | 9,531 |
United Airlines Holdings, Inc. (UAL)
United Airlines Holdings, Inc. (UAL)