United Airlines Holdings, Inc.

UALNASDAQIndustrials● Active

$105.32

$-0.41(-0.39%)

Market Cap$34.2B

P/E Ratio—

52W High$119.21

52W Low$71.55

Avg Volume7.7M

Open$104.69

Beta1.29

Overview

United Airlines Holdings, Inc. (UAL) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

UAL · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$12.24B▼ -15.4% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$5.94B

cashAndCashEquivalents

Short-Term Investments

$6.30B

shortTermInvestments

YoY Change vs Prior Year

-15.4%

vs prior fiscal year

Latest Quarter

$14.17B

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$12.24BCash on Hand

Total Debt$31.04BTotal Debt

Net Cash / Net Debt−$18.80BNet Debt Position

Cash vs Debt Ratio

Cash 28%United Airlines Holdings, Inc. cash as % of market cap: 35.81%% · MCap $34BDebt 72%

United Airlines Holdings, Inc. carries a net debt position of $18.80B. Total debt ($31.04B) exceeds cash on hand ($12.24B). United Airlines Holdings, Inc. cash vs debt ratio: 28% cash / 72% debt.

Net Cash = Cash & ST Investments − Total Debt$12.24B − $31.04B = −$18.80B

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

UAL annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

UAL cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$12.24B-15.4%

Dec 31, 2024FY$14.47B+0.6%

Dec 31, 2023FY$14.39B-12.3%

Dec 31, 2022FY$16.41B-10.8%

Dec 31, 2021FY$18.41B+57.5%

UAL cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Industrials Sector Cash Reserves Comparison

UAL vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

United Airlines Holdings, Inc.YOU

UAL

$12.24B$34B35.8%

42%

Industrials sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

United Airlines Holdings, Inc. (UAL) cash on hand as of December 31, 2025 is $12.24B, comprising $5.94B in cash and cash equivalents (CCE) plus $6.30B in short-term investments — reported as United Airlines Holdings, Inc. cash and short-term investments on the balance sheet (10-K filing). Also referred to as United Airlines Holdings, Inc. cash reserves or cash position.

United Airlines Holdings, Inc. annual cash on hand history shows decreased -15.4% in 2025: decreased -15.4% in 2025. United Airlines Holdings, Inc. cash reserves in 2025 reflect the company's capital allocation strategy.

United Airlines Holdings, Inc. carries total debt of $31.04B against cash of $12.24B, resulting in a net debt position of -$18.80B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

UAL cash on hand · 5 questions

As of December 31, 2025, United Airlines Holdings, Inc. (UAL) has $12.24B in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $5.94B in cash and cash equivalents (CCE) plus $6.30B in short-term investments. Latest quarter (March 31, 2026): $14.17B. Data sourced from the annual 10-K filing via FMP.

UAL cash on handUAL cash reservesUAL cash 2025how much cash does UAL have

▸ Source: FMP /balance-sheet-statement · US GAAP · United Airlines Holdings, Inc. · United Airlines Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025