United Airlines Holdings Inc. (UAL) stock reached an all-time high of $116.09 on December 23, 2025.
The milestone follows a year of significant gains and strong performance. The surge reflects growing investor confidence in the airline's strategic direction and the ongoing recovery in travel demand.
Contributing to the positive sentiment, Fitch Ratings upgraded United's Issuer Default Rating (IDR) to 'BB+'. Fitch assigned a stable outlook, citing successful strategic initiatives and significant debt reduction achieved throughout 2025.
Analysts maintain a strong buy consensus for UAL stock. This optimism is bolstered by recent positive coverage from Wells Fargo and BMO Capital, alongside a reiterated Buy rating from TD Cowen.