Key facts, as of
As of October 8, 2026, United Airlines (UAL) trades at $110.17, up 14.0% over the past year. Its 52-week range runs from $84.64 to $138.77; the price is 20.6% below that high. It is 20.6% below its all-time high of $138.77, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +111.5%, against +312.9% for the S&P 500 (SPY). It sits 1.0% above its 200-day average of $109.10, the usual sign of a long-term uptrend. Its 30-day volatility is 32.3% annualized, which we rate high risk. It has a trailing P/E of 10.3.
Cite: Portfolio Terminal, "United Airlines (UAL) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/ual
Where it trades today
trading 47% of the way up its 52-week range
How the price has moved
How far it is from its record
United Airlines (UAL) is 20.6% below its all-time high of $138.77, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +111.5%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Order-book quality, backlog conversion, and operating leverage usually tell you more than a single quarter of revenue growth.
- UAL trades at 10.3x earnings versus 18.5x for the sector, which means the rerating case depends on proving the discount is too harsh.
- Recent realized volatility is running around 32.3%, above the sector norm of 22.0%, so position sizing matters more than usual.
- Relative performance versus CAT, HON matters here because leadership inside industrials rarely stays static for long.
Portfolio Use Case
- UAL is more useful for investors comparing conviction names inside industrials than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- There is little income cushion here, so total return depends mainly on price appreciation and execution staying on track.
- The view would need revisiting if peers such as CAT, HON start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for UAL come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Industrials so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as CAT, HON.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for UAL. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as CAT, HON.
What United Airlines does
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in the United States, Canada, Atlantic, the Pacific, and Latin America. It transports people and cargo through its mainline and regional fleets. The company also offers ground handling, flight academy, frequent flyer award non-travel redemptions, and maintenance services for third parties. In addition, it provides freight and mail transportation services to commercial businesses, freight forwarders, logistics firms, and national postal services, as well as loyalty programs. The company distributes its products through direct channels, such as the Company's website and the Company's mobile app; and…
What analysts expect
UAL carries a strong buy consensus from 23 analysts, with an average price target of $152.83 versus $110.17 today (+38.7%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
UAL generated $62.90B in trailing revenue (16.0% year over year), with a 5.6% net margin, and $910.12M of free cash flow, against $17.03B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $59.07B | $17.00B | $4.97B | $3.35B | $10.37 | $2.56B |
| 2024 | $57.06B | $16.49B | $5.21B | $3.15B | $9.60 | $3.83B |
| 2023 | $53.72B | $15.20B | $5.16B | $2.62B | $7.98 | -$260.00M |
| 2022 | $44.95B | $10.64B | $2.48B | $737.00M | $2.25 | $1.25B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
UAL is in 6 of the 30 ETFs we track. It weighs most in XLI: 0.67% of the fund, holding #48 of 83.
Famous investors who hold it
UAL is in the latest 13F of 2 of the 15 famous investors we follow. Stanley Druckenmiller (Duquesne Family Office) holds the most of it: 2.07% of the portfolio, position #16 of 94, as of Q2 2026.
How it sits in industrials
Manufacturing, aerospace, defense, and infrastructure companies.
The companies it competes with
UAL beside the industrials names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 4.4% below its 50-day average and 1.0% above its 200-day.
- The 50-day crossed above the 200-day on 2026-06-24 (a “golden cross”).
- RSI at 47 is neither stretched nor washed out.
- The nearest ceiling is $118.05 (+7.2%), the nearest floor $104.99 (-4.7%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is UAL a good investment in 2026?
United Airlines trades at a P/E ratio of 10.3, with high volatility (32.3% annualized). The stock is in a consolidation phase.
What is the risk level of UAL?
Based on 30-day volatility of 32.3%, UAL has HIGH risk. Beta of 1.30 indicates higher sensitivity to market movements than average.
Does UAL pay dividends?
United Airlines currently does not pay a regular dividend.
How far is UAL from its all-time high?
United Airlines is 20.6% below its all-time high of $138.77, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +111.5%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold UAL?
6 of the 30 popular ETFs we track hold United Airlines. The largest weights: XLI (0.67%), VTV (0.13%), SPY (0.05%), IVV (0.05%) and VOO (0.05%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is UAL?
0.05%, as of August 31, 2026: UAL is holding #285 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.53 in United Airlines.
Which famous investors own UAL?
Stanley Druckenmiller (2.07% of Duquesne Family Office's 13F) and Ray Dalio (0.12% of Bridgewater Associates's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for UAL?
The average analyst price target for United Airlines (UAL) is $152.83 based on 23 analyst estimates, about 38.7% above the current price of $110.17. The published range runs from $102.00 to $203.00.
How much revenue does UAL generate?
United Airlines reported $62.90B in trailing twelve-month revenue. Revenue growth is running at 16.0% year over year. Net margin sits at 5.6%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare UAL with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.