U.S. Markets closed
  • S&P 500

    -43.28 (-1.04%)
  • Dow 30

    -127.93 (-0.38%)
  • Nasdaq

    -193.86 (-1.59%)
  • Russell 2000

    -15.69 (-0.78%)
  • Crude Oil

    -2.65 (-3.49%)
  • Gold

    -53.10 (-2.75%)
  • Silver

    -1.22 (-5.17%)

    -0.0113 (-1.0366%)
  • 10-Yr Bond

    +0.1360 (+4.00%)
  • Vix

    -0.40 (-2.14%)

    -0.0173 (-1.4106%)

    +2.5460 (+1.9797%)

    -16.52 (-0.07%)
  • CMC Crypto 200

    -1.43 (-0.27%)
  • FTSE 100

    +81.64 (+1.04%)
  • Nikkei 225

    +107.41 (+0.39%)

United Airlines (UAL) Cements Ties With Regional Carrier JSX

In a customer-friendly move, United Airlines UAL expanded its partnership with Dallas-based regional carrier JSX. A deal between the two was first inked in March 2022.  With the same, a new private aviation track for students was created under UAL’s pilot career development program, Aviate.

The scope of the association was earlier strengthened in June to permit members of UAL’s MileagePlus awards program to earn miles on the JSX flights. The latest extension allows passengers aiming to travel on JSX's regional jets to book their tickets directly through United Airlines’ website. For more convenience, MileagePlus members are eligible to earn loyalty miles for flying on JSX’s public charter flights.

Expressing delight at the expanded alliance with UAL, JSX’s CEO Alex Wilcox opined, “This new partnership with United Airlines allows our customers the opportunity to reap the rewards of flying JSX public charters with one of the most respected airlines in the world.”  JSX, constantly looking to widen its operations, offers flights between private terminals on 30-seater spacious jets.

The strengthening of its association with such an expansion-oriented regional carrier is a prudent move for United Airlines. Shares of UAL have gained 11.8% in a year’s time against an 11% decline of its industry.

Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research

Zacks Rank & Other Key Picks

United Airlines currently carries a Zacks Rank #2 (Buy). Investors interested in the broader Transportation sector may also consider the following stocks:

Covenant Logistics CVLG: CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, besides asset-light warehousing, transportation management and freight brokerage capability.

The gradually improving freight market scenario is a tailwind to Covenant. CVLG’s cost-control efforts are appreciated as well. CVLG currently sports a Zacks Rank #1 (Strong Buy). The stock has witnessed the Zacks Consensus Estimate for 2022 earnings being revised 10.1% upward over the past 60 days.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Teekay Tankers TNK: TNK is being well-served by the increase in tanker rates. A gradual ramp-up in economic activities also bodes well. High fuel costs are, however, weighing on the bottom line.

Teekay Tankers currently flaunts a Zacks Rank of 1. The TNK stock has soared 180.2% in a year’s time. Over the past 60 days, the Zacks Consensus Estimate for 2022 earnings has moved 57.7% north.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

United Airlines Holdings Inc (UAL) : Free Stock Analysis Report

Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report

Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research