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 reported better-than-expected Q2 results and issued strong FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:48 pm

United Airlines Holdings, Inc. (NASDAQ:UAL) reported Q2 earnings of $5.03 per share, beating the analyst consensus estimate of $4.03. The company also reported quarterly sales of $14.18 billion, surpassing the analyst consensus estimate of $13.91 billion. UAL's Q2 capacity was up 17.5% YoY, and TRASM was down 0.4%. The company issued full-year 2023 EPS guidance of $11 to $12, beating the $9.73 analyst estimate.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 8:31 pm

United Airlines has projected its FY23 adjusted EPS to be between $11 and $12, which is higher than the estimated $9.73.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:03 pm

United Airlines Holdings (NASDAQ:UAL) reported Q2 earnings of $5.03 per share, beating the analyst consensus estimate of $4.03 by 24.81%. This is a 251.75% increase from the same period last year. The company also reported quarterly sales of $14.18 billion, beating the analyst consensus estimate of $13.91 billion by 1.93%, a 17.08% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:01 pm

Microsoft and Activision Blizzard have extended their $69 billion takeover deal to October 18, with increased termination fees. Microsoft also announced Bing Chat Enterprise and Microsoft 365 Copilot pricing. Goldman Sachs' Q2 profits fell 60% due to tepid M&A activity. Carvana reported a Q2 sales decline of 23.6% but beat consensus estimates. General Motors anticipates increased EV production in H2. Johnson & Johnson has joined a legal battle against the US government over drug pricing negotiation. Spain has penalized Amazon and Apple for conspiring to limit competition in device sales.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 2:10 pm

American Airlines Group Inc's pilot union has reportedly informed the company that its new contract deal is in jeopardy due to United Airlines Holdings Inc's superior deal. American pilots will vote next week on a new four-year contract that includes a 42% pay raise and other benefits. However, the union claims that United's deal will result in at least a 2% pay gap between United and American pilots.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 1:57 pm

The stock market is expected to start cautiously on Wednesday, with earnings likely to be the main driver. Stocks such as Nvidia Corp. (NYSE:NVDA), Microsoft Corp. (NASDAQ:MSFT), Morgan Stanley (NYSE:MS), and Bank of America Corp. (NYSE:BAC) have been gaining momentum. The Dow Industrials is on a seven-session winning streak, and the Nasdaq Composite and the S&P 500 indices have risen to over 15-month highs. Analysts suggest that earnings need to perform well to sustain the rally. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.24%. Companies such as Baker Hughes Co. (NASDAQ:BKR), Carvana Co. (NASDAQ:CVNA), Goldman Sachs Group, Inc. (NYSE:GS), Halliburton Co. (NYSE:HAL), Nasdaq, Inc. (NASDAQ:NDAQ), Northern Trust Corp. (NASDAQ:NTRS), U.S. Bancorp. (NYSE:USB), Netflix, Inc. (NASDAQ:NFLX), and Tesla, Inc. (NASDAQ:TSLA) are set to report their earnings.

Portfolio Pulse from Shanthi Rexaline

July 19, 2023 | 10:23 am

The pilot union of American Airlines has stated that the contract deal with American Airlines is in jeopardy following the pilot deal of United Airlines. The United Airlines pilot deal has altered the playing field and opened the door to improve American's contract deal.

Portfolio Pulse from Charles Gross

July 18, 2023 | 8:52 pm

United Airlines Holdings Inc (NASDAQ:UAL) has announced plans to expand its Asia-Pacific network, including launching the first direct flight from the continental U.S. to Manila. The company will also add more non-stop flights to Tokyo, Hong Kong, and Taipei starting in October. This will make UAL's transpacific network 50% more robust than all other U.S. airlines combined, excluding mainland China flights. In April, UAL expanded its South Pacific network by adding a direct flight to Christchurch, New Zealand. UAL shares are up 1.09% at $53.91.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 3:13 pm

United Airlines Holdings (NASDAQ:UAL) is set to release its latest quarterly earnings report on Wednesday, 2023-07-19. Analysts estimate an earnings per share (EPS) of $4.03. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $53.33 as of July 17, with a 29.7% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:02 pm

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