Streetbeat News

UAL

United Airlines Holdings, Inc.

https://www.united.com

Industry

Airlines, Airports & Air Services

United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

Open

86.00

Mkt cap

29B

Volume

4.3M

High

87.87

P/E Ratio

10.43

52-wk high

87.87

Low

85.60

Div yield

N/A

52-wk low

37.02

United Airlines Holdings Inc. (UAL) is resuming flights with Boeing Co.'s (BA) 737 Max 9 aircraft after a temporary grounding. The grounding was due to an incident involving an Alaska Air Group Inc (ALK) flight where a door plug blew out mid-flight. The FAA has given final approval for the Max 9 fleet's return. United, a major Boeing customer, had expressed concerns over Boeing's quality control. Alaska Airlines has already restarted Max 9 operations, with Aeromexico and Turkish Airlines expected to follow. Boeing has committed to improving quality standards to regain confidence from customers, regulators, and the public.

Portfolio Pulse from Bibhu Pattnaik

January 28, 2024 | 4:05 pm

Aviation expert Mike Boyd warns that the Boeing Co (NYSE:BA) 737 Max 9 incident, involving a door blowout on an Alaska Airlines flight, could significantly impact the U.S. economy. The grounding of the Max 9 fleet and potential delays in 737 aircraft orders may disrupt travel and air freight, affecting airlines like United Airlines (NASDAQ:UAL). Boeing's handling of the situation has been criticized, and the FAA has halted Boeing's 737 Max production expansion due to quality control issues.

Portfolio Pulse from Benzinga Neuro

January 27, 2024 | 1:45 am

Boeing Company (NYSE:BA) faces criticism from airline CEOs due to quality control and manufacturing issues, leading to a grounding of 737 Max jets by the FAA. United Airlines (NASDAQ:UAL) expects a Q1 loss and plans without Boeing's Max 10. American Airlines (NASDAQ:AAL) demands a quality product from Boeing. Southwest Airlines (NYSE:LUV) supports FAA oversight for Boeing's improvement. Boeing apologizes and commits to a plan for improvement. Stock prices for BA, UAL, AAL, and LUV have been affected.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 8:45 pm

The FAA has not approved Boeing's (NYSE:BA) planned expansion for the 737 Max aircraft due to quality issues, but has allowed the 737 Max 9 to return to service for United Airlines (NASDAQ:UAL) and Alaska Air Group (NYSE:ALK). Moody's maintained Boeing's Baa2 rating with a stable outlook, despite considering the news as 'one step forward, two steps back.' Alaska Air plans to resume flights with the 737 Max 9, and United Airlines is expected to follow. Boeing's stock is up 1% on Friday but down 21% YTD.

Portfolio Pulse from Chris Katje

January 26, 2024 | 7:34 pm

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm

Spirit Airlines (NYSE:SAVE) stock dropped 18% on Friday after JetBlue Airways (NASDAQ:JBLU) reported it could not meet all conditions of their $3.8 billion merger deal by the deadline. The deal, which faces antitrust challenges, may be terminated after January 28, 2024. Spirit's shares have fallen over 60% since the antitrust ruling. JetBlue would owe Spirit $70 million or $400 million to shareholders if the merger fails. Spirit anticipates Q4 2023 revenue at the high end of guidance, expecting $1.32 billion against a $1.31 billion consensus. As of December 31, 2023, Spirit had $1.3 billion in liquidity.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 4:41 pm

Airline stocks are trading higher following American Airlines' report of strong Q4 financial results, indicating a positive market reaction to the airline industry's performance.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:03 pm

United Airlines has received final approval from the FAA to return its fleet of 79 Boeing 737 Max 9 aircraft to service. The airline is preparing to reintroduce the Max 9 aircraft to scheduled service starting Sunday.

Portfolio Pulse from Charles Gross

January 25, 2024 | 12:08 am

BofA Securities analyst Andrew G. Didora maintained a Buy rating on United Airlines Holdings, Inc. (UAL) and raised the price target to $60 from $56, despite concerns over Boeing's 737 MAX 9 grounding affecting UAL's capacity growth. United Airlines' shares rose by 5% after a strong Q4 earnings beat and positive 2024 EPS outlook. However, the company faces cost pressures from labor, maintenance, and the MAX 9 grounding. These pressures are expected to increase 2024 unit costs to +4.0% from the previously forecasted +2.2%. UAL shares were up 0.89% to $40.85.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 7:58 pm

Benzinga Insights identifies value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. American Airlines (AAL), MDU Resources (MDU), United Airlines (UAL), Titan Intl (TWI), and Atkore (ATKR) are highlighted. AAL and UAL saw decreases in EPS, while MDU maintained its EPS. TWI and ATKR also experienced EPS declines. Dividend yields have increased for AAL, MDU, and TWI. Investing in value stocks carries the risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:41 pm

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