United Airlines (UAL) free cash flow was $2.6B in FY2025 (-33% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Free Cash Flow
Fiscal Year
Free Cash Flow
YoY
2025
$2.6B
-33%
2024
$3.8B
+1573%
2023
-$260M
-121%
2022
$1.2B
+3217%
2021
-$40M
+99%
2020
-$5.9B
-346%
2019
$2.4B
+14%
2018
$2.1B
+629%
2017
-$396M
-117%
2016
$2.3B
-29%
2015
$3.2B
+416%
2014
$629M
+187%
2013
-$720M
+33%
2012
-$1.1B
-169%
2011
$1.6B
+2%
2010
$1.5B
+137%
2009
$649M
+138%
2008
-$1.7B
Recent Quarterly Free Cash Flow
Quarter
Free Cash Flow
Q2 2026
$267M
Q1 2026
$3.1B
Q4 2025
-$604M
Q3 2025
-$246M
Q2 2025
$930M
Q1 2025
$2.5B
Q4 2024
$549M
Q3 2024
$88M
Q2 2024
$1.7B
Q1 2024
$1.5B
Q4 2023
-$3.0B
Q3 2023
-$962M
Source: UAL on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.