United Airlines Holdings, Inc.
Close on Nov 2, 2026Market cap $35.46BP/E 10.2Yield –
United Airlines CASM-Ex by Year
CASM-Ex — Operating Expense per ASM Ex-Fuel, Profit Sharing, Third-Party & Special Charges (Non-GAAP, cents/ASM)
United Airlines CASM-Ex: 13 in FY2025, up 0.5% from a year earlier.
Where the FY2025 figure comes from
Source: SEC 8-K EX-99.1 Earnings Release (FY2025Q4, 0000100517-26-000014, filed 2026-01-20) ↗
Core non-fuel unit cost metric from Form 8-K Non-GAAP Reconciliations (13.09 cents/ASM in Q3 2026 vs. 18.56 cents/ASM GAAP CASM).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | CASM-Ex — Operating Expense per ASM Ex-Fuel, Profit Sharing, Third-Party & Special Charges (Non-GAAP, cents/ASM) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 13 | +0.5% | SEC 8-K EX-99.1 Earnings Release (FY2025Q4, 0000100517-26-000014, filed 2026-01-20) ↗ |
| FY2024 | Dec 31, 2024 | 13 | +4.6% | SEC 8-K EX-99.1 Earnings Release (FY2024, 0000100517-25-000013, filed 2025-01-21) ↗ |
| FY2023 | Dec 31, 2023 | 12 | +7.4% | SEC 8-K EX-99.1 Earnings Release (FY2024, 0000100517-25-000013, filed 2025-01-21) ↗ |
| FY2022 | Dec 31, 2022 | 11 | -13.6% | SEC 8-K EX-99.1 Earnings Release (FY2022Q4, 0000100517-23-000016, filed 2023-01-17) ↗ |
| FY2021 | Dec 31, 2021 | 13 | -24.3% | SEC 8-K EX-99.1 Earnings Release (FY2021Q4, 0000100517-22-000004, filed 2022-01-19) ↗ |
| FY2020 | Dec 31, 2020 | 17 | – | SEC 8-K EX-99.1 Earnings Release (FY2021Q4, 0000100517-22-000004, filed 2022-01-19) ↗ |
Cite this data
StockData. (2026). United Airlines CASM-Ex, annual FY2020–FY2025 [Data set]. Compiled from United Airlines SEC filings and investor materials. https://stockdatahq.com/stocks/ual/kpis/er-casm-ex-nongaap
See every metric in the United Airlines KPI table. Data updated Nov 3, 2026.