89.45 -0.01 (-0.01%)
Pre-Market: 8:35AM EDT
|Bid||0.00 x 900|
|Ask||96.00 x 1000|
|Day's Range||88.94 - 90.35|
|52 Week Range||77.02 - 97.85|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||8.35|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The cost-management strategy is heavily dependent on getting better economies of scale and the best way to do that is to drive more passengers through United's hubs with larger planes, President Scott Kirby said on United's earnings call with analysts the next day. "In fact, United is seven to eight years behind our largest competitors on gauge growth, with approximately 13% fewer seats per domestic departure compared to Delta. As our fleet mix shifts to a larger percentage of larger gauge mainline aircraft instead of regional aircraft, we begin closing that gap in earnest, starting next year," Kirby said.
United Airlines has unveiled what its new $20 million training facility for all new flight attendants will look like once is completed next year.
The Chicago-based carrier's new uniform project has hit some snags that have caused a slower rollout of outfits for frontline employees.
Moody's Investors Service ("Moody's") has assigned a Baa2 rating to Antonio B. Won Pat International Airport Authority, Guam's (GIAA) senior General Revenue Bonds 2019 Series A (AMT) ($20.01 million) and 2019 Series B (Taxable) ($20.6 million). The Baa2 senior general revenue bonds rating benefits from the airport's monopoly position as the only commercial airport in the Territory of Guam, providing an essential transportation link for an island economy. Bond indenture debt service coverage ratio (DSCR) is expected to be around 1.45x (1.51x in FY 2018) in FY 2019, in line with our previous expectations.
Doubt over Boeing's 737 MAX returning to service in early January is growing. Air Canada has removed all MAXs from its flying schedule until February 14.
The annual holiday tradition, viewed in person and on television by tens of thousands of people, recently found out it had no title sponsor for 2019.
The Zacks Analyst Blog Highlights: Delta Air Lines, United Airlines, Spirit Airlines, JetBlue Airways and Alaska Air
Major U.S. market indexes closed in the negative territory on Wednesday on the back of weak retail sales for September and fresh tensions between the United States and China.
Wichita-area suppliers still in the dark about when the Boeing Co.’s 737 MAX will return are in good company. United Airlines CEO Oscar Munoz on Tuesday had the same answer as everyone else to the most closely watched question in commercial aerospace. “You know, no one knows right?” Munoz said when asked about the MAX’s return timeline during an interview with CNBC’s Phil LeBeau following United's strong quarterly earnings report.
United Airlines (UAL) has reported robust Q3 earnings results and raised its fiscal 2019 outlook despite the continued grounding of its 14 Boeing 737 MAXs.
No U.S. airline is on a better financial trajectory than United Airlines. But investment analysts are paid to worry, and they have asked whether United is spending too much money, a habit that could hurt the company if this long-rumored economic downturn occurs sooner rather than later. But speaking Wednesday on their third quarter earnings […]
United Airlines CEO Oscar Munoz and a group of top executives covered a wide range of topics, but on-time performance was one subject given the most cursory attention.
(UAL) stock climbed as the carrier raised its forecast for earnings, reported a better profit than expected, and said it is “ahead of pace” toward meeting its goal for 2020 earnings per share. The airline cited strong demand and lower than anticipated fuel costs in the summer. The stock was up 2.5% in midday trading on Wednesday.
United Airlines (NASDAQ: UAL) reported cargo revenue dipped 4.7% to $282 million year-over-year in the third quarter, but more than made up for it with passenger and ancillary revenue. For the first nine months of the year, United's cargo revenue was down 4.4% to $863 million. United has fared better than some in the midst of what many consider an airfreight recession this year.
(Bloomberg) -- United Airlines Holdings Inc. raised its 2019 profit forecast for the second straight quarter, citing strong travel demand and lower-than-expected fuel prices in the late summer.Earnings will climb to at least $11.25 a share this year, the carrier said in a statement Tuesday as it reported third-quarter results that showed robust travel demand. That compares with an outlook of at least $10.50 a share in July, when United also raised its expectations for this year’s performance.The carrier is reaping the rewards of a turnaround plan it set out in early 2018, which called for aggressive growth to boost connecting traffic and profitability at hubs in Chicago, Houston and Denver. Chief Executive Officer Oscar Munoz said United is “ahead of pace” to achieve its 2020 earnings target of $11 to $13 a share, a goal he established last year.“We can identify no salient components of United’s near-term guide that should be viewed disappointingly,” Jamie Baker, a JPMorgan Chase & Co. analyst, said in a note. United rose 1.2% to $88.91 at 9:46 a.m. in New York, the most on a Standard & Poor’s index of major U.S. airlines. The shares advanced 5% this year through Tuesday, trailing the 6.9% gain of the broader industry gauge.Max CostsAdjusted earnings rose to $4.07 a share in the third quarter, United said. That topped the average estimate of $3.97. Sales climbed to 3.4% to $11.4 billion, in line with estimates.The Chicago-based airline paid an average of $2.02 a gallon for jet fuel in the quarter, 13% below the same period last year, despite a Sept. 14 terrorist attack on Saudi Arabian oil facilities that briefly caused prices to spike. Most of that production was restored within weeks. United’s per-gallon fuel cost was 10 cents less than the low end of the company’s own forecast.In the fourth quarter, revenue for each seat flown a mile, a closely watched gauge of pricing power, will be flat to up 2%. United expects full-year growth of 3.5% in its capacity of flights and seats, in line with its forecast in July, owing in part to the absence of Boeing Co.’s 737 Max. United has removed the model from its schedule through Jan. 6 and was forced to pare back its initial plan to expand 2019 capacity as much as 6%.Non-fuel costs for each seat flown a mile are expected to rise 1.2% this year, United said, surpassing the 1% target for so-called unit costs. The carrier blamed the increase on the grounding of the Max and separate flight reductions made in response to political tensions in India, Pakistan and Hong Kong.Delta DisappointmentDelta Air Lines Inc., which doesn’t have any Max jets, disappointed investors last week when it said unit costs would rise next year as much as a full percentage point more than its long-term goal of no more than 2%.The Max’s flying ban has pressured airlines’ per-mile seat costs, a measure that typically rises as capacity drops. United had 14 Max planes in its fleet when regulators grounded the model in March following two deadly crashes in a five-month span. The airline had planned to expand its Max fleet to 30 by year-end.The return of the Max is expected to help ease cost pressures for U.S. airlines that fly it, although analysts have expressed concerns that it could spur an increase in available seats and thereby pressure fares.(Updates with analyst comment in fourth paragraph.)To contact the reporter on this story: Justin Bachman in Dallas at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Low fuel prices and higher passenger revenues aid United Airlines' (UAL) Q3 results. Expecting the tailwinds to stay in place, the carrier lifts its 2019 EPS view.
Flights to coastal cities and destinations in the Middle East and South America top the list of the most profitable routes out of IAH.
Dow Jones futures: After Tuesday's stock market rally, United Airlines, Sleep Number and McKesson moved on news. ASML earnings topped.
United (UAL) delivered earnings and revenue surprises of 3.30% and -0.42%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?