Investing
CapEx
United Airlines Holdings CapEx decreased by 11.5% to $1.67B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 35.6%, from $1.23B to $1.67B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 29.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $861.00M | $266.00M | $536.00M | $402.00M | $550.00M | $1.33B | $2.54B | $1.84B | $1.42B | $1.84B | $2.07B | $1.37B | $1.16B | $1.41B | $1.68B | $1.23B | $1.29B | $1.46B | $1.89B | $1.67B |
| QoQ Change | — | -69.1% | +101.5% | -25.0% | +36.8% | +141.5% | +91.2% | -27.4% | -23.0% | +29.7% | +12.2% | -33.9% | -14.8% | +21.1% | +18.8% | -26.4% | +4.4% | +13.8% | +29.1% | -11.5% |
| YoY Change | — | — | — | — | -36.1% | +399.2% | +373.7% | +358.5% | +158.2% | +38.7% | -18.6% | -25.9% | -18.0% | -23.5% | -18.9% | -9.7% | +10.6% | +3.8% | +12.8% | +35.6% |
Range$266.00M – $2.54B
CAGR+15.0%
Avg YoY Growth+77.5%
Median YoY Growth+7.2%
CapEx at Other Companies
Frequently Asked Questions
- What is United Airlines Holdings's capex?
- United Airlines Holdings (UAL) reported capex of $1.67B in Q1 2026.
- How has United Airlines Holdings's capex changed year-over-year?
- United Airlines Holdings's capex increased by 35.6% year-over-year, from $1.23B to $1.67B.
- What is the long-term trend for United Airlines Holdings's capex?
- Over 4 years (2021 to 2025), United Airlines Holdings's capex has grown at a 29.2% compound annual growth rate (CAGR), from $2.11B to $5.87B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.