Why United Airlines (UAL) Stock Is Falling
Portfolio Pulse from Henry Khederian
United Airlines Holdings Inc (NASDAQ:UAL) stock fell by 8.5% to $40.71, reacting to Delta's Q4 results and 2024 guidance. Delta reported a 5.9% increase in operating revenue and an 11.1% increase in adjusted operating revenue, beating consensus. Adjusted EPS was also above expectations. However, Delta's cargo revenue decreased by 24% YoY. UAL's stock movement is in sympathy with Delta, indicating sector-wide impact from Delta's financial disclosures.
January 12, 2024 | 5:29 pm
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United Airlines' stock price dropped due to Delta's Q4 earnings report, which could reflect broader industry trends affecting airline stocks.
United Airlines' stock price is likely to be negatively impacted in the short term due to Delta's financial results, as investors may perceive Delta's performance as indicative of the airline industry's overall health. The drop in cargo revenue reported by Delta could also raise concerns about potential similar trends affecting United Airlines.
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