InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$96.10

2026-10-16

Market Cap

$31.2B

Volume

4.9M

52-Wk High

$138.77

52-Wk Low

$84.64

Trailing PE

9.0

P/S

0.50

Gross Margin

65.1%

Net Margin

5.6%

ROE

23%

ROIC

6%

Piotroski

8/9

Altman Z

1.3

1-Yr Return

-2.1%

5-Yr Return

+14.4%

United Airlines Holdings, Inc., through its various subsidiaries, delivers air travel solutions on a global scale. Its vast network extends across North America, Europe, Asia, Africa, the Pacific, the Middle East, and Latin America, facilitating the movement of both passengers and freight. The company operates these services using a combination of its primary and regional aircraft fleets. Beyond its core transportation offerings, United also provides specialized support to external clients, encompassing catering, ground handling, aviation training, and aircraft maintenance. Established in 1968, the enterprise has its principal offices in Chicago, Illinois. Notably, it adopted its current name, United Airlines Holdings, Inc., in June 2019, having previously operated as United Continental Holdings, Inc.

SectorIndustrialsIndustryAirlines, Airports & Air ServicesExchangeNASDAQMarket Cap$31.2BEmployees113,200 (SEC-filed)CEOJ. Scott KirbyIPO2006-02-06CountryUS

233 South Wacker Drive, Chicago, IL 60606 · Tel 872 825 4000 · united.com

INSIDERSTREET SCORE41 / 100Street mean $149.71 (7 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$38M sold / 6 mo, zero open-market buys

INSIDERSTREET
SCORE41of 100

Score Breakdown

Profitability	50/100
Growth	51/100
Momentum	78/100
Quality	70/100
Earnings Quality	83/100
Balance Sheet	45/100
Value	63/100
Risk (safety)	30/100
Overall	40.6/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
DAL	41
LUV	52
LTM	54
AAL	13
CPA	55
CAAP	67
UAL	41

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 51 in 23 Q2, latest 41 — -10 since. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

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1 Year vs S&P 500 · UAL -2.1% · S&P 500 +15.9% · spread -18.0pp

7 Years vs S&P 500 · UAL +14.4% · S&P 500 +189.9% · spread -175.5pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

BUSINESS QUALITY41 / 100IS Score 40.6 / 100 · -10.2 from peak of 51

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 15 / 100 · Power -70 · 2 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit below the midpoint — business quality at 41 and price structure at 15 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 40.6	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 48 → 40 → 39 → 41	the direction matters more than the level
Technical vote share back above 50%	now 9%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,073 → now 1,073	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)1 buys2026-05-01

Insider Buys (180d)0none disclosed

ETF Funds (30d)1019 up / 870 downnet +149 funds

Institutions Added (13F)93managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,073 · latest 1,073 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,073	292.7M	$38.9B	89.6%
2026 Q1	980	284.0M	$26.0B	87.0%
2025 Q4	1,022	290.1M	$32.1B	88.8%
2025 Q3	917	289.8M	$27.8B	88.7%
2025 Q2	869	281.8M	$22.3B	86.3%
2025 Q1	850	287.6M	$19.8B	88.1%
2024 Q4	857	287.6M	$27.7B	88.1%
2024 Q3	652	269.5M	$15.3B	82.5%
2024 Q2	671	258.2M	$13.0B	79.1%
2024 Q1	641	246.7M	$11.7B	75.5%
2023 Q4	629	228.0M	$9.3B	69.8%
2023 Q3	622	231.9M	$9.6B	71.0%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Brewer Rosalind G	director	2026-09-30	A-Award	157	—	480
Shapiro Edward	director	2026-09-30	A-Award	358	—	22,105
Friend Matthew	director	2026-09-30	A-Award	347	—	11,716
Ward Laysha	director	2026-09-30	A-Award	347	—	11,062
Isaacson Walter	director	2026-09-30	A-Award	358	—	22,927
Nocella Andrew P	EVP & Chief Commercial Officer	2026-08-25	SELL	5,000	$0.58M	214,955
Shapiro Edward	director	2026-08-19	GIFT	50,000	—	150,000
Nocella Andrew P	EVP & Chief Commercial Officer	2026-08-04	SELL	3,000	$0.40M	219,955

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	12	328,010	$38.4M	Counted
M — Exercises (paired A/D)	27	508,417	$11.0M	None — mechanics
F — Tax withholding	15	242,555	$27.0M	None — compensation
G — Gifts	2	8,625	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$38.4M12 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-25	Nocella Andrew P	5,000	$0.6M
2026-08-04	Nocella Andrew P	3,000	$0.4M
2026-08-03	Leskinen Michael D.	10,000	$1.3M
2026-07-28	Hart Brett J	30,108	$3.6M
Trailing 12 mo	14 filings	424,038	$48M

Filed	Form	Reporting person	% of class	Shares
2026-05-14	SCHEDULE 13G/A	Capital International Investors	2.00%	6.4M sh
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.30%	23.6M sh
2026-03-27	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change
2026-02-13	SCHEDULE 13G/A	Capital International Investors	5.60%	18.2M sh

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-04	2026-10-09
Ro Khanna	House	BUY	$1,001 - $15,000	2026-05-01	2026-06-11
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-02-10	2026-03-10

House 12-Mo6 trades3 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)980

13F Shares284M87.0% of shares out

New / Closed139 / 160positions, QoQ

Increased / Reduced418 / 273positions, QoQ

Put/Call (13F)0.82option positions

Free Float99.3%322M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Assenagon Asset Management S.A.	780,483	$87M
Douglas Lane & Associates, Llc	345,391	$38M
First Citizens Bank & Trust Co	105,727	$12M
Czech National Bank	93,261	$10M
Wealth Enhancement Advisory Servic	83,854	$9M
Gateway Investment Advisers Llc	48,290	$5M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VPMAX	1.3%	$1.2B
VPMCX	1.3%	$1.2B
VITSX	0.0%	$1.1B
VSMPX	0.0%	$1.1B
VTSAX	0.0%	$1.1B
VTI	0.0%	$1.1B

13F Filers Holding UAL — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session39.2%2026-10-15

20-Day Avg41.3%50-day 46.7%

TrendFalling20d vs 50d

By Market CenterQ: 39% · N: 50% · B: 27%latest session

Weekly Notional ($B)

Where UAL Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	6.1M	56 sh
Ubsa Ubs Ats	5.8M	57 sh
Sgmt Sigma X2	3.3M	54 sh
Mspl Ms Pool (Ats-4)	2.9M	139 sh
Ebxl Level Ats	2.7M	35 sh
Mlix Instinct X	2.3M	76 sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Where a dollar of United Airlines Holdings, Inc. revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
International	$35.0B	59%
Atlantic Destination	$11.6B	20%
Pacific Destination	$6.9B	12%
Latin America Destination	$5.5B	9%

UAL (live moat model)Peer median: DAL · LUV · LTM · AAL · CPA

Component scores from the live moat model. Peer median illustrative.

Moat score 65/100 — Narrow; primary source Efficient Scale.

3.8 · Employees (SEC filings)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Officer	Title
J. Scott Kirby	Chief Executive Officer & Director
Brett J. Hart	President
Torbjorn J. Enqvist	Executive Vice President & Chief Operating Officer
Andrew Nocella	Executive Vice President & Chief Commercial Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)5 of 6recent quarters

Avg Surprise+8.3%

Next Report2026-10-20

Income Quality2.55OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

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Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+60.4%	+82.5%	+19.5%	+6.2%	+3.5%
Gross profit	-114.3%	+1375.7%	+42.8%	+27.8%	+95.0%
Operating income	-83.9%	-328.7%	+80.2%	+21.0%	-7.5%
Net income	-72.2%	-137.5%	+255.2%	+20.3%	+6.5%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	24.6	45.0	53.7	57.1	59.1
Cost of revenue	23.9	34.3	38.5	37.6	21.2
Gross profit	0.7	10.6	15.2	19.4	37.9
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.7	1.5	2.0	2.2	2.1
Operating income	-1.0	2.3	4.2	5.1	4.7
EBITDA	1.5	5.1	7.8	8.5	7.5
D&A	2.5	2.5	2.7	2.9	2.9
Pretax income	-2.6	1.0	3.4	4.2	4.3
Income tax	-0.6	0.3	0.8	1.0	1.0
Net income	-2.0	0.7	2.6	3.1	3.4
Diluted EPS ($)	-6.10	2.23	7.89	9.45	10.22
Diluted shares (M)	322	330	332	333	327

Operating CF$8B

CapEx$6B

Free cash flow$3B

SBC$0B

Buybacks$1B

Net cash change$-3B

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Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	7.2	6.1	8.8	5.9
ST investments	9.2	8.3	5.7	6.3
Receivables (net)	1.8	1.9	2.2	2.4
Total current assets	20.1	18.5	18.9	16.9
PP&E (net)	38.3	43.7	46.7	51.7
Goodwill + intangibles	7.3	7.3	7.2	7.2
Total assets	67.4	71.1	74.1	76.4
Accounts payable	3.4	3.8	4.2	4.6
Short-term debt	2.9	4.2	3.5	4.3
Deferred revenue	2.7	3.1	3.4	11.9
Total current liabilities	20.0	22.2	23.3	26.1
Long-term debt	28.3	27.4	25.2	20.6
Total liabilities	60.5	61.8	61.4	61.2
Shareholders' equity	6.9	9.3	12.7	15.3

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.7	2.6	3.1	0.0
D&A	2.5	2.7	2.9	0.0
Stock-based compensation	0.0	0.0	0.0	0.0
Working capital change	2.3	0.7	1.9	0.0
Operating cash flow	6.1	6.9	9.4	8.4
Capital expenditures	(4.8)	(7.2)	(5.6)	(5.9)
Investing cash flow	(13.8)	(6.1)	(2.7)	(6.4)
Buybacks	0.0	0.0	(0.2)	(0.6)
Dividends paid	0.0	0.0	0.0	0.0
Debt issuance / (repay)	(3.3)	(1.9)	(4.0)	(4.2)
Financing cash flow	(3.3)	(1.9)	(4.2)	(4.9)
Free cash flow	1.2	(0.3)	3.8	2.6

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	-35.7%	12.4%	32.3%	28.6%	24.0%	23%
ROA	-3.1%	1.1%	3.8%	4.3%	4.5%	4.1%
ROIC	-3.1%	6.4%	10.3%	12.1%	10.8%	6.4%
Gross margin	2.9%	23.7%	28.3%	34.0%	64.1%	65.1%
Operating margin	-4.1%	5.2%	7.8%	8.9%	8.0%	7.7%
Net margin	-8.0%	1.6%	4.9%	5.5%	5.7%	5.6%
EBITDA margin	6.1%	11.4%	14.6%	14.9%	12.8%	13.3%
FCF margin	-0.2%	2.8%	-0.5%	6.7%	4.3%	—
VALUATION
P/E	-7.22	16.90	5.22	10.32	10.91	9.0
P/B	2.82	1.81	1.47	2.56	2.39	1.9
P/S	0.58	0.28	0.25	0.57	0.62	0.50
P/FCF	-354.40	9.99	-52.57	8.48	14.30	12.3
EV/EBITDA	23.35	7.23	4.60	6.67	7.10	6.5
EV/Revenue	1.43	0.72	0.67	0.90	0.94	0.9
Earnings yield	-13.9%	5.9%	19.1%	9.7%	9.2%	11.14%
FCF yield	-0.3%	10.0%	-1.9%	11.8%	7.0%	8.16%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	1.19	1.00	0.83	0.81	0.65	0.78
Quick ratio	1.14	0.95	0.76	0.74	0.59	0.72
Debt / equity	7.83	5.28	3.94	2.65	2.03	2.02
Debt / assets	57.7%	54.1%	51.7%	45.4%	40.6%	39.8%
Net debt / EBITDA	13.93	4.46	2.85	2.48	2.41	2.81
Interest coverage	-0.62	1.59	2.91	3.97	3.99	—

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.39	0.66	0.78	0.79	0.78	0.74
Receivables turnover	16.66	25.96	29.04	28.10	25.94	25.4
DSO (days)	22	14	13	13	14	14
DPO (days)	32	32	34	36	75	96
Cash conversion cycle	5	-6	-9	-9	-34	-52
GROWTH (YoY)
Revenue growth	60.4%	82.5%	19.5%	6.2%	3.5%	—
Net income growth	72.2%	137.5%	255.1%	20.3%	6.5%	—
EPS growth	73.2%	136.8%	254.1%	19.1%	9.0%	—
FCF growth	99.3%	3217.5%	-120.9%	1573.1%	-33.2%	—
PER SHARE ($)
EPS (diluted, TTM)	-6.07	2.23	7.90	9.41	10.25	10.71
Book value / share	15.53	20.87	28.14	37.89	46.73	51.12
Revenue / share	76.08	136.06	162.14	170.59	180.64	192.60
FCF / share	-0.12	3.77	-0.78	11.45	7.82	7.79
Cash / share	56.84	49.68	43.43	43.27	37.43	50.94
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	0.5%	1.7%	0.17%
Altman Z-Score	0.52	0.95	1.14	1.39	1.38	1.3
Piotroski F-Score	6	7	6	7	8	8/9
Beneish M-Score	-3.83	-2.96	-2.72	-2.82	-3.00	-2.74

Model	Score	Zone	Note
Piotroski F-Score	8 / 9	Strong
Altman Z-Score	1.3	Distress (<1.81)	Distress
Income quality	2.55	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.74	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.78
Interest burden	0.84
Operating margin	8.5%
Asset turnover	0.78×
Financial leverage	5.38×
= ROE	23%

Growth Quality (live)	Value
Revenue stability	0.85
Earnings stability	0.76
Earnings persistence	0.98
Revenue CAGR 3y	7.3%
EPS CAGR 3y	10.0%
FCF CAGR 3y	14.2%

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Buyback Yield0.17%

Dividend Yield0.00%

Total Shareholder Return0.17%cash yield

SBC / Revenue0.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
DAL	$49.6B	15.0	16%	3.7%	+14.1%	7/9	+24.8%
LUV	$19.3B	23.8	11%	2.8%	+9.5%	7/9	+20.8%
LTM	$13.6B	8.8	107%	3.0%	+20.1%	7/9	+9.1%
AAL	$7.9B	-24.2	8%	0.4%	+7.5%	4/9	-0.1%
CPA	$5.5B	8.7	23%	6.4%	+14.8%	7/9	—
CAAP	$4.1B	14.8	17%	10.2%	+7.8%	7/9	—
ALK	$3.9B	-22.2	-5%	-1.9%	+9.8%	6/9	—
SKYW	$3.6B	8.9	15%	9.1%	+9.1%	7/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

47 Analysts

Str Sell (0)Sell (0)Hold (16)Buy (31)Str Buy (0)

Mean Target (qtr)$149.717 targets

Target vs. Price+55.8%last-quarter mean

Next Report2026-10-20street $2.58

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$68.45B	$69.34B / $66.89B	$8.05	$10.64 / $7.10	13
FY2027	$72.77B	$75.18B / $70.11B	$12.90	$20.66 / $10.13	13
FY2028	$76.30B	$80.01B / $67.29B	$17.82	$19.24 / $15.08	6

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$148.67	+54.7%	3
Last Quarter	$149.71	+55.8%	7
Last Year	$148.85	+54.9%	36
All Time	$104.12	+8.3%	99

Rolling mean of published targets vs. last close $96.10. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B+

DCF

5/5

ROE

5/5

ROA

3/5

Debt/Eq

1/5

P/E

3/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

UAL -2.1% vs S&P 500 +15.9% — spread -18.0pp

Sector — XLI +10.7%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$108.79	-12.69	-11.66%	Below
SMA 50	$111.88	-15.78	-14.10%	Below
SMA 200	$108.72	-12.62	-11.61%	Below
EMA 9	$103.23	-7.13	-6.91%	Below
EMA 21	$106.85	-10.75	-10.06%	Below
EMA 50	$110.59	-14.49	-13.10%	Below
EMA 200	$108.44	-12.34	-11.38%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -702 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%11

Momentum 25%9

Volume 20%19

Volatility 10%0

Patterns 15%38

This Week9% bullishof 11 price-based votes

4 Weeks Ago45%-36 pts since

12 Weeks Ago27%-18 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$108.79

Price vs SMA 50$111.88

Price vs SMA 200$108.72

EMA 9/21 Cross103.2/106.8

SMA 50/200Golden

ADX DirectionADX 21

Supertrend$112

Parabolic SAR$110

SMA Slope-0.630

RSI30.4

Stochastic K/D9/9

StochRSI K/D9/6

Williams %R-100

CCI-170

TSI vs Signal-21.9

CMO-39.2

ROC-14.59%

OBV SignalDistrib

Chaikin MF-0.060

MFI26

Force Index-7M

Elder Ray Bull-4.10

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 9

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$100.36 / $102.58 / $103.86	S1 / S2	$99.08 / $96.86
Bollinger (20,2)	$98.41 – $119.17	Squeeze	Off
52-wk range	$84.64 – $138.77	Off 52-wk high	-30.8%
ATR (14)	$4.09 (4.3%)	Historical vol	41.0%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+2.4%Jan45%

-0.9%Feb55%

-3.8%Mar57%

-1.9%Apr55%

-0.7%May60%

-4.6%Jun35%

+4.8%Jul60%

+4.6%Aug60%

+2.9%Sep55%

+9.1%Oct65%

+5.4%Nov70%

+4.6%Dec55%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	UAL	S&P 500
Weekly volatility (σ, 1y)	6.59%	1.83%
Best / worst week (1y)	+13.9% / -18.0%	—
Max drawdown (5y, monthly)	-73.6%	—
1-week VaR (95%)	-8.9%	—
Beta (5y)	1.27	1.00

UAL EQUITY WEATHER (LIVE)STORMY · -52

Trend-46

Momentum-70

Volume-41

Volatility-60

Breadth-32

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 506 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-51.8-19.2 vs industry

Trend-46.0-8.6 vs industry

Momentum-70.1-33.8 vs industry

Volume-41.2-6.8 vs industry

Reading	UAL	Airlines, Airports & Air Services n=266	Industrials n=9,922	All US symbols n=70,435
Overall	-51.8	-32.6	-24.1	-20.5
Trend	-46.0	-37.4	-26.2	-21.3
Momentum	-70.1	-36.3	-24.5	-15.8
Volume	-41.2	-34.5	-22.6	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Scott Kirby Chief Executive Officer	$32.3M	95% equity+incentive
Brett Hart President	$20.3M	94% equity+incentive
Torbjorn Enqvist Executive Vice President an	$11.1M	91% equity+incentive
Andrew Nocella Executive Vice President and	$9.4M	90% equity+incentive
Michael Leskinen Executive Vice President an	$7.1M	87% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	62
Social	50
Governance	68
Composite ESG	60

Composite ESG Trend

Filed	8-K contents	Items
2026-05-22	Shareholder Vote	5.07
2025-05-28	Departure/Election of Directors; Appointment of Officers	5.02
2025-05-28	Submission of Matters to a Vote of Security Holders	5.07
2025-01-17	Departure/Election of Directors; Appointment of Officers	5.02
2024-12-18	Amendments to Articles of Incorporation or Bylaws; Financial Statement	5.03,9.01
2024-09-17	Departure/Election of Directors; Appointment of Officers; Financial St	5.02,9.01
2024-05-29	Departure/Election of Directors; Appointment of Officers; Submission o	5.02,5.07,9.01
2024-04-23	Entry into Material Definitive Agreement; Material Modification to Rig	1.01,3.03,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-14 to 2026-07-15
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	65 rows · 2010 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-07-28 to 2026-09-30
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-02-13 to 2026-05-14
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

United Airlines Holdings, Inc. (UAL)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

Institutions holding — 12 quarters

United Airlines Holdings, Inc. (UAL)

Monthly Net Insider Flow (000 shares)

Signal Summary

United Airlines Holdings, Inc. (UAL)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding UAL — quarterly

Institutional Put/Call — quarterly

Where UAL Trades in the Dark

United Airlines Holdings, Inc. (UAL)

3.8 · Employees (SEC filings)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

Balance Sheet — Full

Cash Flow Statement — Full

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

Street Price Target — Trajectory

Third-Party Composite Rating

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

Family Scores (site weights)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)

United Airlines Holdings, Inc. (UAL)