|Bid||0.00 x 100|
|Ask||0.00 x 100|
|Day's Range||1,341.00 - 1,341.00|
|52 Week Range||1,031.00 - 1,500.15|
|PE Ratio (TTM)||191.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The board of United Continental Holdings Inc. said Monday it will nominate a new chairman from within its ranks after veteran industry executive Robert Milton opted to leave the third-largest U.S. carrier. Also, total compensation for Chief Executive Oscar Munoz is set to almost halve for 2017 compared with the previous year as the airline continues efforts to recover from a series of problems with passengers and investors. Mr. Milton, a former chief executive of Air Canada, was appointed chairman two years ago with the backing of two activist shareholders pressing for reform at the Chicago-based carrier.
United CEO Oscar Munoz took home $9.56 million last year, nearly half of compensation in 2016, the company said in a filing on Monday.
United Airlines CEO Oscar Munoz, who was criticized for his initial response to a passenger being violently dragged off a plane, says he gave up his 2017 bonus. Munoz's compensation, mostly in stock awards, fell to $9.6 million in 2017 from $18.7 million the year before. United Continental Holdings Inc. detailed it in a securities filing Monday.
United Continental Holdings Inc.’s top executive is giving up his bonus and its chairman is stepping aside. Chief Executive Officer Oscar Munoz asked the board not to award him the payout for 2017, the airline said in a regulatory filing. Chairman Robert Milton, a former Air Canada CEO, will be replaced with another independent board chief.
Oil prices have been on the rise in recent months. The pain from more expensive fuel won't be evenly distributed, however, says Raymond James. Analyst Savanthi Syth writes that given the current healthy economic environment, airlines that have a greater proportion of business travel will find it easier to pass on higher fuel costs to consumers, as business travelers tend to be less price-sensitive.
Zacks Industry Outlook Highlights: Delta Air, American Airlines, JetBlue Airways, Spirit Airlines and United Continental
United's pretax margin is still falling due to rising fuel prices, but at least the airline's unit revenue trajectory is holding up despite its own accelerating capacity growth.
For all the pomp and ceremony of Embraer's E2 launch, sales of the second-generation E-Jet are still lagging behind expectations. A successful pitch to another major US carrier would transform the outlook.
Zacks Industry Outlook Highlights: Delta Air Lines, United Continental Holdings, American Airlines Group and JetBlue Airways
Southwest Airlines Co. (NYSE: LUV) and CFM International — the manufacturer of the engine that failed Tuesday morning on a flight that killed a passenger — disagreed on how long it would take to comply with a proposed federal rule that would have called for inspection of fan blades within the engine.
Airline stocks remain stuck at 2015 resistance despite the strong U.S. economy, with potential buyers nervous about overcapacity and a price war.
The Zacks Analyst Blog Highlights: Delta Air Lines, United Continental Holdings, Allegiant Travel, Southwest Airlines and JetBlue Airways
United Airlines management talked up strong global demand during the first quarter even as higher oil prices test the industry's cost controls.
rose just 0.06% after posting a 38% increase in first-quarter profit. S&P 500 companies are expected to post an 18.6% increase in first-quarter profit, the biggest rise in seven years, according to Thomson Reuters.
Issues with the landing gear reportedly forced a Delta Connection flight en route from New York was diverted to Dulles Airport at around 12:12 p.m. on Tuesday.
United said it is already inspecting the engines because of a service bulletin. United Airlines UAL is inspecting a commonly used type of engine that exploded on a Southwest LUV flight this week, blowing out a window and killing a passenger. Service bulletins are issued by manufacturers, the airline said.
United Airlines is inspecting 698 CFM International engines on its Boeing 737 fleet following a recent service bulletin from US safety officials, says chief operating officer Greg Hart.
Remember back in January, when United Continental Holdings (UAL) spooked investors with increased capacity and sent the whole sector swooning? For the full year, it expects EPS of $7 to $8.50, up from a previous forecast of $6.50 to $8.50 a share, with a midpoint above the $7.57 consensus EPS estimate. Investors were happy with the results, sending the shares higher and rewarding peers Delta Air Lines (DAL) and American Airlines (AAL) as well. Analysts are weighing in on the quarter today, and even those on the sidelines still appeared to like the quarter.
The benchmark S&P 500 index posted slight gains on Wednesday, helped by gains from industrial and energy stocks, but IBM's disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow. IBM fell 6.2 percent after the company reported quarterly profit margins that fell short of Wall Street expectations.
Higher revenues boost United Continental's (UAL) results in Q1. The company's decision to reduce its capacity growth plans for 2018 is encouraging.