|Bid||0.00 x 900|
|Ask||34.79 x 1100|
|Day's Range||33.70 - 34.67|
|52 Week Range||27.02 - 43.89|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||10.97|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.40 (1.17%)|
|1y Target Est||40.83|
In addition to immediate pay raises, the new contract includes increased vacation time, improved work rules and enhanced scheduling flexibility.
Passengers flying from Cincinnati/Northern Kentucky International Airport are flocking to American Airlines lately.
United Airlines tweaked its profit outlook higher for the full year despite the financial impact of the grounding of the carrier’s 737 Max fleet, cutting capacity guidance and announcing second-quarter earnings well above market expectations. The Chicago-based carrier said Tuesday in results released after the market close that its adjusted earnings per share for 2019 would be in the $10.50 to $12 range, up from prior guidance of $10 to $12. Adjusted earnings per share for the quarter ended June 30 came in at $4.21, well above market expectations of $4.07 and the year-earlier figure of $3.23.
Two of the three U.S. airlines that own Boeing 737 MAX jets recently acknowledged that the plane won't return to service until at least November.
American Airlines mechanics unions asked the court to reconsider parts of an order issued last week.
United Airlines (UAL) stock currently sits down 6.4% from its 52-week high, although has climbed 18.3% since the beginning of June. With Q2 2019 earnings season unofficially beginning this week, let's see what investors might expect from United's earnings report.
The Boeing 737 Max needs to return to service by the fourth quarter or airlines could make plans without the jet in 2020, Citigroup said. Boeing stock rose.
American Airlines and Southwest Airlines have cancelled thousands of flights this year due to the 737 Max's grounding. Now, a new report from the Wall Street Journal says that the aircraft may not fly until 2020.
Boeing's (NYSE: BA) 737 MAX planes might not return to service until next year because of software and other issues that still need to be fixed, according to a July 14 article in the Wall Street Journal. Issues in getting the 737 MAX's flight-control software ready are contributing to the likelihood that the planes might remain grounded until January 2020, according to government and industry officials cited in the article. The Federal Aviation Administration (FAA) was not available for comment on the article by press time, but it said on June 26 that there is no prescribed timeline for returning the Boeing 737 MAX to passenger service.
The airline's decision was expected after the Federal Aviation Administration, which must reapprove the jets for flight following two fatal crashes, last month uncovered a new flaw that Boeing estimates will take until at least September to fix. "American Airlines remains confident that impending software updates to the Boeing 737 MAX, along with the new training elements Boeing is developing in coordination with our union partners, will lead to recertification of the aircraft this year," the airline said in a statement on Sunday. American, with 24 737 MAX aircraft and dozens more on order, is scheduling without the jets through Nov. 2.
Boeing shares extended declines Monday, while its European rival Airbus soared to an all-time high, as investors reacted to news that American Airlines has extended cancellations of the grounded 737 MAX for a fourth time, taking the troubled aircraft out of commission until at least November.
American Airlines said Sunday that it will keep the Boeing 737 Max plane off its schedule until Nov. 3, which is two months longer than it had planned.
American Airlines expects 115 daily flights to be impacted as it extends Boeing 737 Max cancellations by two months.
The world's largest airline is holding the 737 MAX aircraft through Nov. 2, as the Wall Street Journal separately reports grounding of the aircraft could extend into 2020.
Of the issues air travelers regularly face when trying to reach their final destination, customers' luggage ending up misplaced, damaged or delayed happens far too often. A new report from the U.S. Department of Transportation uncovers U.S. airline passenger reports of mishandled baggage in March 2019. This report highlights the top offending airlines, including airline giants such as American Airlines and Delta Air Lines.
Nearly a year after American Airlines cut its routes from Chicago to both Shanghai and Beijing in China, Hainan Airlines is moving to add nonstop service between Chicago’s O’Hare International Airport and Chengdu, a major second-tier business city in southwest China. Upon launch, the new route will make Chicago the first and so far only interior city in the United States to offer nonstop scheduled passenger service to a metropolis in China’s interior.
In many cases, earnings season for airliners is a straightforward affair. If the economy is doing well, more people are motivated to travel, while the opposite is also true. However, with United Airlines (NASDAQ:UAL) set to release its second quarter 2019 results, everyone has the same question: how will Boeing's (NYSE:BA) 737 Max jetliner impact United Airlines stock?Source: Shutterstock It's a line of thinking that no prospective buyer should ignore. Although UAL stock is on the verge of breaking into double-digit returns for the year, shares have disappointed over the trailing 52-week period. After all, the broader benchmark Dow Jones Industrial Average is up over 17% during the same timeframe.Plus, United stock has merely bounced up and down a sideways consolidation pattern since September of last year. Thus, for UAL earnings, investors will be looking for signs that lean shares in one direction or the other.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell for an Economic Slowdown Fortunately for investors interested in the friendly skies, United Airlines stock should perform admirably. That's because competitor Delta Air Lines (NYSE:DAL) laid down the blueprint for the rest of the sector. Delta Delivers Big Beat, Boding Well for UAL StockOn Thursday morning before the opening bell, Delta released its Q2 earnings report. For anyone bullish on DAL, it was exactly what they wanted to hear. But the news is especially pertinent for stakeholders of UAL stock for obvious and not-so-obvious reasons.Against a Wall Street consensus target calling for earnings per share of $2.27, Delta reported $2.35. On the revenue front, the airliner rang up $12.49 billion, matching the consensus estimate. That tally also represented a new quarterly record.Keep in mind that Delta produced record revenues in the Q1 report as well. Thus, the news gets better by association for United Airlines stock, and the upcoming UAL earnings.Not only that, Delta is somewhat similar to UAL relative to the Boeing 737 Max crisis. Part of the reason why Delta performed so well in Q2 was that it doesn't have any 737 Max planes; thus, it didn't cancel any flights. Although United can't say the same, it only has nine 737 Max 9-series planes, not the 8-series that was involved in two high-profile tragedies.Other airliners, such as Southwest Airlines (NYSE:LUV) and American Airlines (NASDAQ:AAL), own considerably more of the maligned jet. Therefore, I expect United Airlines stock to perform reasonably well following the UAL earnings: it's simply not as levered to the 737-related crisis. Record Air Travel and Upcoming UAL Earnings ReportThe Street has some ambitious targets for UAL stock for Q2. On the profitability front, analysts estimate EPS to come in at $4.08. In the year-ago quarter, United brought in EPS of $3.23.For revenue, analysts anticipate United to ring up $10.45 billion. In Q2 2018, the company delivered just under $9.9 billion.Again, this is a sizable step up from just a year ago amid a complicated economic picture. But what's not complicated is demand. According to travel experts, airliners will enjoy an influx of passengers, even more so than last year's peak summer season.Specifically, forecasts call for over 257 million people to traverse American airspace between June 1 and August 31. If so, this would represent a 3.4% lift from the same period in 2018. Naturally, such robust demand plays into United Airlines stock.Sure, most of the aforementioned timeframe doesn't cover Q2. However, from Delta's Q1 earnings report, we know that this uptick in passenger volume is no fluke. It has been building for some time. Thus, UAL stock should see some uptick associated with steadily rising demand.Moreover, other indicators confirm Americans want to travel. Recently, we witnessed a record surge in road-going traffic for the Memorial Day and Independence Day holidays. And fuel prices have declined noticeably from the same time one year ago: this adds more funds to travelers' pockets, and pads the bottom line for United stock. One Cautionary Note on United Airlines StockBased on the broader fundamental factors affecting the airliner industry, I'm almost certain that United will produce a solid beat. And yes, that would imply that United Airlines stock ticks higher.However, I'd also take a conservative approach here. At the end of the day, the demand surge within this industry comes from a robust labor market. But that's not guaranteed to sustain itself, especially with geopolitical uncertainties and the U.S.-China trade war.Typically, the markets don't like ambiguous signals, especially large-scale ones like what we're seeing. So my idea is this: if you like United stock, take a modest position now. But be prepared to react if economic metrics start souring.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Big Q2 Beat in Store for United Airlines Stock appeared first on InvestorPlace.
The Chicago-based airline says it won't put customers or employees on the MAX until there is more certainty that it is safe to do so.
Moody's Investors Service ("Moody's") has assigned A1 to the Dallas-Fort Worth International Airport Board TX's $1.154 billion Joint Revenue Refunding Bonds Taxable Series 2019A. Concurrently, Moody's affirmed the A1 on the approximately $1.05 billion outstanding joint revenue bonds. Dallas-Fort Worth International Airport Board operates Dallas-Fort Worth International Airport (DFW).
American Airlines (AAL) raised its second-quarter unit revenue guidance yesterday even though it faced a massive amount of flight cancellations.
American Airlines (AAL) raised its second-quarter unit revenue guidance yesterday even though it faced a massive amount of flight cancellations due to the grounding of Boeing’s (BA) 737 MAX planes.
During the second quarter, Delta carried a record of 53.9 million passengers. The airline had a traffic growth of 6.3% in the quarter ending in June, while its capacity increased 4.7%.