UAL monthly performance report
View UAL's monthly returns, drawdown, and seasonality trends — updated every month.
UAL monthly report
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Key takeaways
- United Airlines Holdings (UAL) closed September 2026 at $108.71, up 0.67% for the month and +3.16% over the trailing 12 months.
- Year-to-date, UAL is −2.78%, underperforming the S&P 500 which has returned +11.70% YTD.
- The stock is trading −0.03% versus its 200-day moving average ($108.74), a cautious technical signal.
- Over the past three years, UAL has outperformed the S&P 500 by +71.89%, with a relative strength index reading of 141.9.
- Win rate over the trailing 39 months stands at 56.4% — 22 positive months versus 17 negative months.
United Airlines Holdings ended September 2026 at $108.71, posting a monthly return of +0.67%. The S&P 500 returned −0.70% over the same window, leaving relative performance at +1.37%.
The current quarter stands at −20.06% (Q3 2026 (QTD)), while medium-term trend remains soft: price is −0.03% versus the 200-day moving average ($108.74).
Year-to-date, UAL is −2.78% against SPY +11.70%, a gap of −14.48%. The stock is currently −21.66% below its 52-week high, with maximum 3-year drawdown at −49.19%.
| Period | UAL | S&P 500 (SPY) | Excess return |
|---|---|---|---|
| 1 Day | +0.99% | −0.12% | +1.11% |
| 1 Week | −1.01% | −0.34% | −0.67% |
| 1 Month | +0.67% | −0.70% | +1.37% |
| 3 Months | −6.15% | +2.80% | −8.94% |
| 6 Months | +20.41% | +13.85% | +6.56% |
| YTD | −2.78% | +11.70% | −14.48% |
| 12 Months | +3.16% | +15.01% | −11.85% |
| 3 Years | +143.58% | +71.69% | +71.89% |
| Rank | Month | Return |
|---|---|---|
| #1 | Oct 2024 | +37.15% |
| #2 | Sep 2024 | +29.56% |
| #3 | May 2026 | +27.56% |
| #4 | Nov 2024 | +23.73% |
| #5 | Aug 2025 | +18.90% |
| Rank | Month | Return |
|---|---|---|
| #1 | Mar 2025 | −26.39% |
| #2 | Oct 2023 | −17.23% |
| #3 | Sep 2023 | −15.08% |
| #4 | Mar 2026 | −13.39% |
| #5 | Feb 2025 | −11.37% |
| Quarter | Return |
|---|---|
| Q2 2025 | +15.32% |
| Q3 2025 | +21.19% |
| Q4 2025 | +15.88% |
| Q1 2026 | −17.66% |
| Q2 2026 | +47.70% |
| Q3 2026 (QTD) | −20.06% |
| Year | Return |
|---|---|
| 2023 | +9.44% |
| 2024 | +135.34% |
| 2025 | +15.16% |
| 2026 | −2.78% |
| Metric | Value |
|---|---|
| 52-Week High | $138.77 (2026-06-30) |
| 52-Week Low | $84.64 (2026-03-30) |
| Current Price | $108.71 |
| 200-Day Moving Average | $108.74 |
| Price vs 200DMA | −0.03% |
| 3-Year Maximum Drawdown | −49.19% (2025-04-08) |
| Current Drawdown from 52W High | −21.66% |
| RS metric | Value |
|---|---|
| RS Index (3-year, rebased to 100) | 141.9 |
| 3-Year Excess Return vs S&P 500 | +71.89% |
| RS Peak | 185.6 (Jun 2026) |
| RS Trough | 72.8 (Aug 2024) |
| Status | Outperforming Benchmark |
Frequently asked questions
What was UAL's return for this report period?
UAL returned +0.67% in the latest monthly window ending 2026-09-18.
Has UAL outperformed SPY year to date?
YTD UAL: −2.78% vs SPY: +11.70%.
What is UAL's 12-month return?
+3.16% over the trailing 12 months.
Is UAL above or below its 200-day moving average?
Price is −0.03% versus 200DMA ($108.74).
What is the maximum drawdown in the 3-year window?
−49.19% on 2025-04-08.