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Upturn AI Summary - About
United Airlines Holdings Inc(UAL)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for UAL
10/28/2026: UAL (3-star) is currently NOT-A-BUY. Pass it for now.
United Airlines Holdings, Inc. is a major U.S. airline that operates an extensive global network and a well-recognized loyalty program. The company benefits from its strategic hub locations and a significant focus on premium cabin experiences to drive revenue. While it has a leading position in international travel, the stock faces risks from cyclical demand, fuel cost volatility, and intense competition from low-cost carriers. It is a capital-intensive business, often suitable for investors comfortable with cyclical volatility rather than dividend income. Key developments for investors to monitor include capacity management, the progress of the 'United Next' modernization strategy, and overall corporate travel demand trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers exposure to travel recovery trends but is subject to cyclical industry volatility. |
| Momentum investor | Strong fit while signal remains positive | Investors may find interest during periods of strong industry-wide travel demand growth. |
| Value investor | Mixed fit | Valuation is often tied to cyclical economic indicators rather than consistent long-term earnings growth. |
| Dividend investor | Weak fit | The company does not currently prioritize dividend payments to shareholders. |
| Low-risk investor | Weak fit | The airline industry is characterized by high operational and financial risk profile. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Airline stocks are sensitive to fuel costs, economic cycles, and sudden shifts in consumer sentiment. |
| Valuation risk | Medium | Market pricing often shifts based on macroeconomic sentiment and projected travel demand. |
| Competition risk (Airlines) | High | Intense competition from low-cost and legacy carriers limits pricing power. |
| Business quality | Medium | The company operates a complex, asset-heavy business model with high fixed costs. |
| Dividend income | Low / none | The company does not provide a regular dividend stream. |
| Execution risk | Medium / high | Operational disruptions, labor relations, and fleet integration pose significant risks. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 77.12% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 34.02B USD | Price to earnings Ratio 9.59 | 1Y Target Price 150.09 |
Price to earnings Ratio 9.59 | 1Y Target Price 150.09 | ||
Volume (30-day avg) 4.8M shares | Beta 1.3 | 52 Weeks Range 84.64 - 138.77 | Updated Date 10/28/2026 |
52 Weeks Range 84.64 - 138.77 | Updated Date 10/28/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 10.92 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Passenger Revenue | Ticket sales for mainline and regional flights across domestic and international markets. | The primary way United makes money is by selling seats to travelers. |
| Ancillary & Loyalty | MileagePlus program revenue, baggage fees, and onboard services. | Additional fees and loyalty program sales provide high-margin revenue streams. |
| Cargo | Freight and mail transportation services. | Cargo adds extra revenue using space already available on passenger planes. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-20 | When After Market | Estimate 2.6 | Actual 2.54 |
Profitability
Profit Margin 5.46% | Operating Margin (TTM) 7.03% |
Management Effectiveness
Return on Assets (TTM) 3.31% | Return on Equity (TTM) 22.31% |
Valuation
Trailing PE 9.59 | Forward PE 8.27 | Enterprise Value 52.35B | Price to Sales(TTM) 0.52 |
Enterprise Value 52.35B | Price to Sales(TTM) 0.52 | ||
Enterprise Value to Revenue 0.8 | Enterprise Value to EBITDA 9.24 | Shares Outstanding 324.89M | Shares Floating 322.49M |
Shares Outstanding 324.89M | Shares Floating 322.49M | ||
Percent Insiders 0.58 | Percent Institutions 91.05 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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