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) shares are trading higher by 1.64% to $56.30 after Citigroup analyst Stephen Trent maintained the stock with a Buy and raised the price target from $70 to $75. UAL shares are also higher by 9.7% over the trailing month amid strength in travel stocks, following May CPI data. Airline stocks also saw strength in late June in sympathy with Delta Air Lines, Inc. (DAL) after the company raised its second-quarter and 2023 guidance at its Investor Day presentation.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 4:29 pm

Citigroup analyst Stephen Trent has maintained a 'Buy' rating on United Airlines Holdings (NASDAQ:UAL) and raised the price target from $70 to $75.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:31 pm

Morgan Stanley analyst Ravi Shanker has reiterated an Overweight rating on United Airlines Holdings (NASDAQ:UAL) and maintained a $75 price target.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 2:14 pm

Over the weekend, Tesla reported record Q2 deliveries, Twitter implemented limitations on daily tweet reads, Florida Governor Ron DeSantis' net worth increased significantly due to book royalties, a controversial alimony law was signed in Florida, and US Treasury Secretary Janet Yellen is set to visit China. Reports also suggest that Goldman Sachs is considering ending its consumer lending operation with Apple, and United Airlines is compensating passengers affected by delays and cancellations with frequent flyer miles.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 10:51 am

United Airlines Holdings Inc (NASDAQ:UAL) has compensated passengers affected by weeklong delays and cancellations with 30,000 frequent flyer miles. The disruptions were caused by storms that led to the cancellation of approximately 7,900 flights and over 42,000 late arrivals. United Airlines CEO, Scott Kirby, has expressed concerns about the frequent gridlock at the airline's Newark, New Jersey hub and emphasized the need for additional gates to manage the situation effectively.

Portfolio Pulse from Bibhu Pattnaik

July 02, 2023 | 4:08 pm

U.S. Global Investors CEO Frank 'Bulldog' Holmes discussed the strength of the U.S. economy, citing the 15.4% rise in the U.S. Global Jets ETF (JETS) over the last month. JETS includes major airlines like Delta Air Lines, United Continental Holdings, American Airlines Group, and Southwest Airlines. Holmes highlighted the return to pre-COVID ticket prices and falling oil prices as positive indicators for the economy and the airline industry. He also praised NVIDIA Corp's AI and chips for their role in cryptocurrency mining.

Portfolio Pulse from Anthony Noto

June 28, 2023 | 7:11 pm

The article reports on the unusual options activity in the Industrials sector. Ten US-listed companies are mentioned: Nikola Corporation (NKLA), Delta Air Lines (DAL), United Airlines Holdings (UAL), Plug Power (PLUG), Caterpillar (CAT), Enovix Corporation (ENVX), Generac Holdings (GNRC), Eos Energy Enterprises (EOSE), Southwest Airlines (LUV), and Boeing (BA). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:40 pm

Several companies are in the news for various reasons. Microsoft has been experiencing cyberattacks from a group linked to Russia. Samsung is gearing up for 2-nanometer chip production, intensifying rivalry with TSMC and Intel. BlackRock owns over 7% of Nvidia stock, capitalizing on the AI surge. Russian oil company Roszarubezhneft seeks control of Venezuelan oil exports amid US sanctions. SAP CEO is bullish on AI. Google plans to downsize the workforce at Waze. Overstock's bid for Bed Bath & Beyond assets receives US judge approval. UK watchdog rules against Hyundai and Toyota over misleading EV charging speed ads. Stellantis launches Free2move charging service for EV users. Chip stocks Nvidia and AMD fall on reports of US adopting stricter stance over China. Spirit AeroSystems and workers union agree on new contract proposal. General Dynamics bags US Army contract to build combat vehicles. General Mills shares fall after mixed Q4 results. Nissan reveals executive committee changes. United CEO blames FAA as storms force more flight cancellations. Hong Kong company takes first AI-generated drug candidate to clinic targeting chronic lung disease.

Portfolio Pulse from Vandana Singh

June 28, 2023 | 1:59 pm

United Airlines CEO Scott Kirby blamed the FAA for exacerbating flight disruptions caused by recent storms, which led to thousands of flight cancellations. Kirby claimed that the FAA's air-traffic-control issues and staffing shortages led to a chain reaction of delays and cancellations. United, JetBlue, and Delta Air Lines all had to cancel a significant percentage of their flights due to the weather conditions.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 12:49 pm

U.S. airline stocks have seen significant gains in June, with the U.S. Global Jets Exchange Traded Fund (JETS) demonstrating one of the highest quarterly returns among equity industry benchmarks. JETS is up 15.4% in the past month, three times the SPDR S&P 500 ETF Trust’s (SPY) 4.5% gain. Despite the recent strong performance, the ETF that tracks stocks in the aviation industry still has more than 50% upside potential to catch up to pre-Covid-19 levels. Four airline companies, Delta Airlines (DAL), American Airlines (AAL), Southwest Airlines (LUV), and United Airlines (UAL), account for up to 45% of the fund’s total holdings and have all seen significant gains in the past month.

Portfolio Pulse from Piero Cingari

June 28, 2023 | 12:30 pm

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