Here's Why United Airlines Shares Are Moving
Portfolio Pulse from Henry Khederian
United Airlines Holdings Inc (NASDAQ:UAL) shares are trading lower by 2.89% to $52.74. This is in sympathy with JetBlue, which fell after issuing weak guidance. JetBlue's Q2 FY23 results showed a 6.7% YoY growth in operating revenue, reaching $2.61 billion, and a substantial improvement in operating income. UAL has a 52-week high of $58.23 and a 52-week low of $31.58.
August 04, 2023 | 9:45 am
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United Airlines shares are trading lower in response to JetBlue's weak guidance, despite JetBlue's positive Q2 FY23 results.
United Airlines shares are trading lower due to the weak guidance issued by JetBlue. This is despite JetBlue's positive Q2 FY23 results, indicating that the market is reacting more to the guidance than the actual results. This could potentially impact United Airlines' stock in the short term.
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