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

70.97

Mkt cap

24B

Volume

7.3M

High

74.28

P/E Ratio

7.80

52-wk high

116.00

Low

69.86

Div yield

N/A

52-wk low

37.02

Morgan Stanley analyst Ravi Shanker predicts a durable surge in international travel, which is good news for US airlines. He expects the number of US passports issued in 2023 to set a new record due to the current travel boom. Delta Air Lines and American Airlines are set to expand flights to China once restrictions are eased. United Airlines is expected to be the most aggressive among the three due to its profitability on this route. Southwest Airlines has ratified several contracts with union work groups and continues negotiations. Frontier Group Holdings is facing fleet delays and operating challenges, but its stock is considered cheap enough to wait for 2024 normalization.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 5:36 pm

United Airlines has reported a slight decrease in the number of people flying the Friday before Labor Day compared to 2019. The busiest days to fly are expected to be August 31 and September 1, with more than 500k customers expected to fly United each day.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:31 pm

United Airlines Holdings is preparing for a record-breaking Labor Day holiday with nearly 2.8 million customers expected to fly. The company's bookings for international travel over the Labor Day holiday period are up 35% compared to 2019 and up 29% compared to last year.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 4:30 pm

United Airlines Holdings Inc (NASDAQ:UAL) has agreed to a $30 million settlement with the family of a quadriplegic man who suffered significant brain damage after an incident while deplaning. The incident led to a cardiac arrest and reduced the man's life expectancy. The settlement includes $12 million for legal fees and $3 million for other expenses.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 2:08 pm

The U.S. Federal Aviation Administration (FAA) is holding runway safety meetings at 90 airports following a series of close calls. This could potentially affect the operations of airlines such as American Airlines (AAL), Delta Air Lines (DAL), JetBlue Airways (JBLU), Spirit Airlines (SAVE), and United Airlines (UAL).

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:13 pm

American Airlines Group Inc. has secured a new contract with its pilots, promising an average salary increase of over 21% over four years, with total compensation potentially rising by more than 46%. This comes as airlines face a shortage of pilots and a resurgence in travel demand. The contract includes an immediate 21% pay bump, enhanced sick leave provisions, and other benefits. The deal is worth $9 billion and was approved by 73% of the pilots. Following the announcement, American Airlines' shares saw a 0.7% increase.

Portfolio Pulse from Piero Cingari

August 21, 2023 | 7:53 pm

Benzinga's options activity scanner has identified unusual trading activity in 10 industrial stocks. The stocks include Nikola Corporation (NKLA), United Airlines Holdings Inc (UAL), Array Technologies Inc (ARRY), Eaton Corporation PLC (ETN), Enovix Corporation (ENVX), Caterpillar Inc. (CAT), General Electric Company (GE), United Rentals, Inc. (URI), Raytheon Technologies Corporation (RTX), and Global Ship Lease, Inc. (GSL). The article provides detailed information about the options activity, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:35 pm

Archer Aviation Inc. (ACHR) shares are moving higher due to positive business updates and investments. The company's Midnight eVTOL aircraft received its Special Airworthiness Certificate from the FAA and will begin flight test operations. Archer also announced a $215 million equity investment and collaboration with Stellantis NV (STLA), Boeing Co. (BA), and United Airlines Holdings (UAL). Cathie Wood's ARKK Innovation ETF (ARKK) purchased more than $20 million worth of ACHR shares.

Portfolio Pulse from Erica Kollmann

August 21, 2023 | 3:11 pm

Archer Aviation Inc. (ACHR) is closing an oversubscribed PIPE as part of a $215M investment round led by Stellantis. Key investors in the PIPE include ARK Investment Management LLC (ARKK) and United Airlines (UAL). The investment round, combined with Stellantis' $70M acceleration, will bring Archer's total funding to over $1.1B. The funds will be used for working capital and general corporate purposes, including the continued development of Archer's aircraft and related technology.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:22 pm

Archer Aviation Inc (ACHR) has received a $215 million equity investment from Boeing Co (BA), Stellantis N.V. (STLA), and United Airlines Holdings Inc (UAL), increasing its total funding to over $1.1 billion. Archer also received FAA approval to begin flying its Midnight eVTOL aircraft and settled litigation with Boeing and Wisk Aero. The company is on track to deliver its first eVTOL aircraft to the Department of Defense. Archer's Q2 operating expense was $181.4 million and it expects Q3 operating expenses of $42 million - $52 million.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 5:10 pm

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