United Airlines Holdings Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $805.0M | $699.0M | $1.04B | $949.0M | $973.0M | $387.0M | $985.0M | $965.0M |
| Depreciation & Amortization | $762.0M | $756.0M | $749.0M | $730.0M | $733.0M | $727.0M | $759.0M | $742.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.61B | $4.80B | $1.29B | $1.22B | $2.22B | $3.71B | $2.22B | $1.50B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.34B | $1.67B | $1.89B | $1.46B | $1.29B | $1.23B | $1.68B | $1.41B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.46B | $-1.89B | $-1.57B | $-1.74B | $-1.58B | $-1.46B | $-1.72B | $-2.51B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $27.0M | $27.0M | $21.0M | $240.0M | $349.0M | $80.0M | $82.0M |
| Net Cash from Financing Activities | $2.15B | $-976.0M | $-509.0M | $-2.14B | $-843.0M | $-1.46B | $-591.0M | $-1.07B |
| Net Change in Cash | $2.30B | $1.93B | $-790.0M | $-2.66B | $-206.0M | $791.0M | $-82.0M | $-2.09B |
| Free Cash Flow | $267.0M | $3.13B | $-604.0M | $-246.0M | $930.0M | $2.48B | $549.0M | $88.0M |