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United Airlines Holdings, Inc.

UALNasdaqAir Transportation, ScheduledFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026Score 10/3021% below fair value
$109.24+5.00 (+4.80%)

Close on Nov 2, 2026Market cap $35.46BP/E 10.2Yield –

United Airlines Operating Expense per Available Seat Mile by Year

Operating Expense per Available Seat Mile — GAAP (CASM, cents/ASM)

QuarterlyAnnual

United Airlines Operating Expense per Available Seat Mile: 16 in FY2025, down 1.4% from a year earlier.

Latest, FY2025
16
Period ended Dec 31, 2025
Change on a year earlier
-1.4%
17 in FY2024
History
7 years
Since FY2019
Sources
5
Documents cited below

Where the FY2025 figure comes from

Source: SEC 8-K EX-99.1 Earnings Release (FY2025Q4, 0000100517-26-000014, filed 2026-01-20) ↗

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedOperating Expense per Available Seat Mile — GAAP (CASM, cents/ASM)Year on yearSource
FY2025Dec 31, 202516-1.4%SEC 8-K EX-99.1 Earnings Release (FY2025Q4, 0000100517-26-000014, filed 2026-01-20) ↗
FY2024Dec 31, 202417-1.7%SEC 8-K EX-99.1 Earnings Release (FY2024, 0000100517-25-000013, filed 2025-01-21) ↗
FY2023Dec 31, 202317-21.0%SEC 8-K EX-99.1 Earnings Release (FY2024, 0000100517-25-000013, filed 2025-01-21) ↗
FY2022Dec 31, 202222+49.7%SEC 8-K EX-99.1 Earnings Release (FY2022Q4, 0000100517-23-000016, filed 2023-01-17) ↗
FY2021Dec 31, 202114-18.8%SEC 8-K EX-99.1 Earnings Release (FY2021Q4, 0000100517-22-000004, filed 2022-01-19) ↗
FY2020Dec 31, 202018+29.3%SEC 8-K EX-99.1 Earnings Release (FY2020Q4, 0000100517-21-000005, filed 2021-01-20) ↗
FY2019Dec 31, 201914–SEC 8-K EX-99.1 Earnings Release (FY2020Q4, 0000100517-21-000005, filed 2021-01-20) ↗

Breakdown

What makes up operating Expense per Available Seat Mile

Cite this data

StockData. (2026). United Airlines Operating Expense per Available Seat Mile, annual FY2019–FY2025 [Data set]. Compiled from United Airlines SEC filings and investor materials. https://stockdatahq.com/stocks/ual/kpis/er-casm-gaap

See every metric in the United Airlines KPI table. Data updated Nov 3, 2026.