United Airlines Holdings, Inc.
At today's price, United Airlines Holdings, Inc. (UAL) is priced for +0.2% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• United is priced like a troubled airline while operating like a recovering one: at about $118 the stock sits well below where peer-multiple methods land, even as Q1 2026 revenue rose 10.6% to $14.6 billion on strong premium and business demand [Source: UAL Q1 2026 results, April 21 2026]. • The defining number is leverage against the cycle: net debt of about $10 billion sits near two times trailing operating income, manageable in good times but the first thing to bite when demand or fuel turns
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945 institutional managers reported holding UAL in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 46%. 117 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 15.2M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
UAL's share count is about flat over the past five years ($830.00M of repurchases, offset by issuance). It pays no dividend. Cash returned over the past three years: $830.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at UAL over the trailing three years: 2023: 2 buys totaling $219k. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
UAL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-21 | +3.3% | -25.2% |
| 2023-10-19 | -8.3% | +18.2% |
| 2024-03-01 | +1.3% | +15.2% |
| 2024-04-18 | +18.8% | -4.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
UAL's latest 8-K filings: 2026-07-15 (items 2.02, 7.01, 9.01); 2026-05-22 (items 5.07); 2026-04-27 (items 7.01, 9.01); 2026-04-21 (items 2.02, 7.01, 9.01); 2026-02-06 (items 1.01, 2.03, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.