U.S. markets close in 5 hours 13 minutes
  • S&P 500

    3,884.61
    +39.53 (+1.03%)
     
  • Dow 30

    31,258.82
    +221.14 (+0.71%)
     
  • Nasdaq

    11,542.51
    +180.66 (+1.59%)
     
  • Russell 2000

    1,761.54
    +33.99 (+1.97%)
     
  • Crude Oil

    103.96
    +5.43 (+5.51%)
     
  • Gold

    1,745.10
    +8.60 (+0.50%)
     
  • Silver

    19.33
    +0.17 (+0.87%)
     
  • EUR/USD

    1.0183
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    2.9670
    +0.0540 (+1.85%)
     
  • GBP/USD

    1.2000
    +0.0078 (+0.66%)
     
  • USD/JPY

    135.8110
    -0.1040 (-0.08%)
     
  • BTC-USD

    20,867.35
    +658.96 (+3.26%)
     
  • CMC Crypto 200

    455.68
    +11.36 (+2.56%)
     
  • FTSE 100

    7,196.52
    +88.75 (+1.25%)
     
  • Nikkei 225

    26,490.53
    +382.88 (+1.47%)
     

Why United Airlines Shares Are Trading Higher Today

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • United Airlines Holdings, Inc. (NASDAQ: UAL) updated its financial outlook for second-quarter 2022.

  • The company stated that the demand environment has continued to improve following the previous guidance, resulting in a higher unit revenue outlook for Q2.

  • Meanwhile, UAL noted that oil price has also increased, resulting in a higher expected fuel price for the quarter.

  • UAL now expects capacity vs. 2019 to be down ~14% (prior ~13%), total revenue per available seat mile (TRASM) vs. 2019 up by 23% - 25% (prior ~17%), and Cost Per Available Seat Mile (CASM-ex) vs. 2019 to be 16% - 17% (prior ~16%).

  • The airline expects the average Aircraft Fuel Price per Gallon to be $4.02 (prior $3.43) and an Adjusted Operating Margin of ~10% (unchanged).

  • Price Action: UAL shares are trading higher by 4.66% at $45.57 during the pre-market session on Tuesday.

  • Photo Via Wikimedia Commons

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.