United Airlines Holdings (UAL)
S&P 500 · Industrials · data since 2006-02-06 · last close 2026-09-09
United Airlines Holdings (UAL) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.5 | 3.9 | -13.4 | -2.3 | 27.6 | 18.5 | -10.8 | -11.0 | -0.8 | · | · | · |
| 2025 | 9.0 | -11.4 | -26.4 | -0.3 | 15.4 | 0.2 | 10.9 | 18.9 | -8.1 | -2.5 | 8.4 | 9.7 |
| 2024 | 0.3 | 9.9 | 5.3 | 7.5 | 3.0 | -8.2 | -6.7 | -3.0 | 29.6 | 37.1 | 23.7 | 0.3 |
| 2023 | 29.9 | 6.1 | -14.8 | -1.0 | 8.4 | 15.6 | -1.0 | -8.3 | -15.1 | -17.2 | 12.5 | 4.7 |
| 2022 | -2.1 | 3.5 | 4.4 | 8.9 | -5.7 | -25.6 | 3.8 | -4.7 | -7.1 | 32.4 | 2.5 | -14.7 |
| 2021 | -7.5 | 31.7 | 9.2 | -5.5 | 7.3 | -10.4 | -10.7 | -0.5 | 2.3 | -3.0 | -8.4 | 3.6 |
| 2020 | -15.1 | -17.7 | -48.8 | -6.2 | -5.2 | 23.4 | -9.3 | 14.7 | -3.5 | -2.6 | 33.0 | -4.0 |
| 2019 | 4.2 | 0.6 | -9.1 | 11.4 | -12.6 | 12.8 | 5.0 | -8.3 | 4.9 | 2.8 | 2.2 | -5.1 |
| 2018 | 0.6 | -0.0 | 2.5 | -2.8 | 3.0 | 0.2 | 15.3 | 8.7 | 1.9 | -4.0 | 13.1 | -13.4 |
| 2017 | -3.3 | 5.1 | -4.7 | -0.6 | 13.5 | -5.5 | -10.1 | -8.4 | -1.7 | -3.9 | 8.3 | 6.4 |
| 2016 | -15.7 | 18.6 | 4.5 | -23.5 | -1.6 | -9.0 | 14.3 | 7.5 | 4.1 | 7.2 | 22.6 | 5.7 |
| 2015 | 3.7 | -6.0 | 3.2 | -11.2 | -8.6 | -2.9 | 6.4 | 1.0 | -6.9 | 13.7 | -7.6 | 2.8 |
| 2014 | 21.2 | -1.9 | -0.7 | -8.4 | 8.6 | -7.4 | 12.9 | 2.6 | -1.7 | 12.9 | 15.9 | 9.2 |
| 2013 | 3.3 | 10.6 | 19.8 | 0.9 | 0.5 | -3.6 | 11.4 | -18.3 | 7.9 | 10.6 | 15.6 | -3.6 |
| 2012 | 22.4 | -10.6 | 4.1 | 1.9 | 14.8 | -3.3 | -22.4 | -2.3 | 5.7 | -1.5 | 5.3 | 15.6 |
| 2011 | 6.6 | -5.3 | -4.4 | -0.7 | 5.8 | -6.3 | -19.9 | 2.6 | 4.3 | -0.3 | -7.0 | 5.0 |
| 2010 | -5.3 | 40.2 | 14.0 | 10.5 | -7.4 | 2.8 | 15.5 | -10.7 | 11.6 | 22.7 | -4.7 | -13.9 |
| 2009 | -14.3 | -48.0 | -8.8 | 9.8 | -5.5 | -31.4 | 29.1 | 51.2 | 48.0 | -29.4 | 19.2 | 66.4 |
| 2008 | 13.8 | -20.2 | -28.9 | -30.8 | -42.7 | -38.9 | 59.2 | 33.7 | -20.9 | 65.6 | -22.7 | -2.0 |
| 2007 | -1.8 | -7.4 | -4.5 | -12.5 | 17.5 | 3.4 | 8.8 | 7.5 | -2.0 | 2.9 | -14.5 | -12.9 |
| 2006 | · | 4.6 | 12.6 | -9.8 | -18.3 | 5.4 | -15.7 | -4.4 | 6.3 | 35.3 | 12.9 | 8.4 |
| Avg | 2.1 | 0.3 | -4.0 | -3.1 | 0.9 | -3.4 | 4.1 | 3.3 | 2.8 | 8.9 | 6.5 | 3.4 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
UAL seasonality — average by calendar month
United Airlines Holdings has monthly history back to 2006. October carries the highest average at +8.9%, but the median October is +2.9% and 11 of 20 have finished green: +66% in 2008 does most of the lifting. The steadier month is November — positive in 14 of 20 years, median +8.3%, and higher in 8 of the last 9. June is the soft spot, down in 12 of 21 with a median of -3.3%. Across its full record it has closed 52% of months higher, swings ±16.2% in an average month and has fallen 93.5% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +2.1% | +0.3% | -4.0% | -3.1% | +0.8% | -3.4% | +4.1% | +3.3% | +3.0% | +8.9% | +6.5% | +3.4% |
| Win rate | 55%/20 | 52%/21 | 48%/21 | 33%/21 | 57%/21 | 43%/21 | 57%/21 | 48%/21 | 55%/20 | 55%/20 | 70%/20 | 60%/20 |
Win rate = share of positive months / sample size.
UAL risk & extremes
UAL drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was United Airlines Holdings's best month?+
United Airlines Holdings's strongest completed month on record is December 2009, at +66.37%.
What was United Airlines Holdings's worst month?+
Its weakest completed month on record is March 2020, at -48.77%.
Is United Airlines Holdings up this year?+
United Airlines Holdings is down 4.20% year to date, measured from its last close before 1 January.
What is United Airlines Holdings's 1-year return?+
+1.39% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is United Airlines Holdings's biggest drawdown?+
The deepest peak-to-trough fall on record is 93.5%, measured on month-end closes since 2006.
Which calendar month is historically best for United Airlines Holdings?+
October has the highest average return across every completed October since 2006. An average is not a forecast.
About United Airlines Holdings
United Airlines Holdings is an S&P 500 company, an industrials business worth about $35 billion. It measures its order book in years, not quarters — with price receipts on this site going back to 2006. And the long game: $100 at its first close here (2006) would be about $326 today.
Did you know?
- Its best month on record was December 2009 at +66.37%; its worst, March 2020 at -48.77%.
- It has closed November in the green 14 out of 20 times — not a promise, just a suspicious habit.
Trivia for entertainment — the numbers come from our price data; the jokes don't.