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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 10/3023% below fair value
$109.24+5.00 (+4.80%)

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

United Airlines Net Leverage Ratio by Quarter

Net Leverage Ratio — Adjusted Net Debt to Trailing 12-Month Adjusted EBITDAR (8-K, x) (×)

QuarterlyAnnual

United Airlines Net Leverage Ratio: 2.40× in Q3 2026, up 14.3% from a year earlier.

Latest, Q3 2026
2.40
Period ended Sep 30, 2026
Change on a year earlier
+14.3%
2.10 in Q3 2025
History
10 quarters
Since Q3 2023
Sources
5
Documents cited below

Where the Q3 2026 figure comes from

Source: SEC 8-K EX-99.1 Earnings Release (FY2026Q3, 0000100517-26-000184, filed 2026-10-20) ↗

Quarterly history

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

PeriodEndedNet Leverage Ratio — Adjusted Net Debt to Trailing 12-Month Adjusted EBITDAR (8-K, x) (×)Year on yearSource
Q3 2026Sep 30, 20262.40+14.3%SEC 8-K EX-99.1 Earnings Release (FY2026Q3, 0000100517-26-000184, filed 2026-10-20) ↗
Q2 2026Jun 30, 20262.20+10.0%SEC 8-K EX-99.1 Earnings Release (FY2026Q2, 0000100517-26-000135, filed 2026-07-15) ↗
Q1 2026Mar 31, 20262.000.0%SEC 8-K EX-99.1 Earnings Release (FY2026Q1, 0000100517-26-000089, filed 2026-04-21) ↗
Q3 2025Sep 30, 20252.10-22.2%SEC 8-K EX-99.1 Earnings Release (FY2026Q3, 0000100517-26-000184, filed 2026-10-20) ↗
Q2 2025Jun 30, 20252.00–SEC 8-K EX-99.1 Earnings Release (FY2026Q2, 0000100517-26-000135, filed 2026-07-15) ↗
Q1 2025Mar 31, 20252.00–SEC 8-K EX-99.1 Earnings Release (FY2026Q1, 0000100517-26-000089, filed 2026-04-21) ↗
Q4 2024Dec 31, 20242.40-17.2%SEC 8-K EX-99.1 Earnings Release (FY2024, 0000100517-25-000013, filed 2025-01-21) ↗
Q3 2024Sep 30, 20242.70+8.0%SEC 8-K EX-99.1 Earnings Release (FY2024Q3, 0000100517-24-000132, filed 2024-10-15) ↗
Q4 2023Dec 31, 20232.90–SEC 8-K EX-99.1 Earnings Release (FY2024, 0000100517-25-000013, filed 2025-01-21) ↗
Q3 2023Sep 30, 20232.50–SEC 8-K EX-99.1 Earnings Release (FY2024Q3, 0000100517-24-000132, filed 2024-10-15) ↗

Cite this data

StockData. (2026). United Airlines Net Leverage Ratio (×), quarterly Q3 2023–Q3 2026 [Data set]. Compiled from United Airlines SEC filings and investor materials. https://stockdatahq.com/stocks/ual/kpis/er-net-leverage

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