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

92.21

Mkt cap

30B

Volume

4.5M

High

92.71

P/E Ratio

10.87

52-wk high

93.33

Low

90.56

Div yield

N/A

52-wk low

37.02

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

Shares of American Airlines Group, Inc. (NASDAQ:AAL) and United Airlines Holdings, Inc. (NASDAQ:UAL) are trading higher in sympathy with Delta Air Lines (NYSE:DAL), which raised its second-quarter and 2023 guidance. Delta's CEO, Ed Bastian, stated that the company's second-quarter earnings could be its highest ever for the April-June period.

Portfolio Pulse from Erica Kollmann

June 27, 2023 | 4:58 pm

United Airlines Holdings shares are trading higher following Delta Air Lines' Q2 and 2023 guidance increase at its Investor Day presentation.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 2:47 pm

Q2 2023's top performing industry ETFs include ITB, SMH, IGV, JETS, and FDN, while the worst performers are TAN, PBW, KRE, XME, and MOO. The best and worst stocks within these ETFs have also been identified.

Portfolio Pulse from Piero Cingari

June 27, 2023 | 1:33 pm

Tom Stuker, a car dealership consultant, purchased a lifetime pass from United Airline Holdings (NASDAQ:UAL) for $290,000 in 1990. Since then, he has flown over 23 million miles, saving millions of dollars on air travel. The unlimited pass is no longer offered by United, and it's unlikely that airlines will reintroduce such an offer in the future.

Portfolio Pulse from Chris Katje

June 26, 2023 | 8:53 pm

B of A Securities analyst Andrew Didora maintains an Underperform rating on United Airlines Holdings (NASDAQ:UAL) and raises the price target from $43 to $50.

Portfolio Pulse from richadhand@benzinga.com

June 26, 2023 | 2:40 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.