United Airlines bankruptcy

UAL Corporation (UAL): filed for bankruptcy 9 Dec 2002. Came back 2 Feb 2006: New UAL common stock was listed on the Nasdaq National Market and began trading under UAUA. Peak price $101.75 a share (1997). Final price $0.00 a share (1 Feb 2006). UAL Corporation and the other defunct companies are on one page, each with its dates, prices and sources.

Key dates and prices

What happened

UAL, parent of United Airlines, filed for Chapter 11 in Chicago on December 9, 2002, days after the US government rejected its bid for federal loan guarantees.

UAL listed $22.8 billion in assets and $21.2 billion in liabilities, the largest bankruptcy in aviation history at the time.

Employees owned 55 percent of the carrier under a 1994 plan.

United had cut service and laid off nearly 20,000 workers after the September 11 attacks.

The old stock traded over the counter as UALAQ from April 2003 until February 2006.

United left bankruptcy on February 1, 2006, after 1,150 days, the longest and costliest airline restructuring up to then.

The new UAL stock began trading on Nasdaq on February 2, 2006.

Cause: Chapter 11 after loan bid rejected. 1,150 days in Chapter 11. Back on Nasdaq 2006.

What was the ticker symbol for UAL Corporation stock?

UAL Corporation traded under the ticker UAL. UAL Corporation: filed for bankruptcy 9 Dec 2002.

What was the peak price of UAL Corporation stock?

The peak price was $101.75 a share, in 1997. Share basis: UAL common stock after the May 1996 four-for-one split; highest quarterly sales price, fourth quarter of 1997.

When did UAL Corporation come back?

UAL Corporation came back 2 Feb 2006. New UAL common stock was listed on the Nasdaq National Market and began trading under UAUA.

Checked 29 September 2026. History, not advice.

Sources: sec.gov, pbs.org, nbcnews.com, sec.gov, sec.gov