{
}
UBS has initiated coverage on U.S. airlines, emphasizing the impact of supply and demand on RASM growth and margins through 2025. Buy ratings were assigned to Alaska Air, Delta, and United Airlines, while American, Allegiant, and Frontier received neutral ratings. Southwest and JetBlue were given sell ratings due to financial concerns, with industry-wide pretax margins projected to rise to 6.6% in 2025, supported by a forecasted 3.5-4.0% growth in passenger revenues.
A Senate subcommittee criticized U.S. airlines for generating $12.4 billion in seat fees from 2018 to 2023, despite eliminating ticket-change fees for standard economy tickets. The report highlights concerns over "junk fees" and the practices of budget airlines Spirit and Frontier, which faced scrutiny for enforcing bag policies. Airlines for America defended the industry, claiming it offers competitive pricing and value to customers.
EVP Kate Gebo sold 17,500 shares of United Airlines at $80.44 each, totaling $1.4 million, reducing her ownership by 30.43% to 40,012 shares valued at approximately $3.2 million. Institutional investors hold 69.69% of the stock, with UBS Group maintaining a "buy" rating and a target price of $139.00, indicating a potential upside of 43.55%. United Airlines reported a quarterly EPS of $3.33, exceeding estimates, and announced a $1.5 billion share repurchase program, reflecting management's confidence in the stock's value.
United Airlines Holdings, Inc. operates primarily in passenger transport, accounting for 89.1% of its sales, with additional revenue from freight and mail transport (4.8%) and other services (6.1%). By the end of 2022, the company will have a fleet of 868 aircraft, predominantly owned, and generates 63.3% of its sales from the U.S. and Canada.
United Airlines Holdings, Inc. has received a Buy rating from UBS. The company primarily generates revenue from passenger transportation (89.1%), with additional income from cargo and mail (4.8%) and other services (6.4%). As of the end of 2022, United operated a fleet of 868 aircraft, with a significant portion owned, and its sales are predominantly from the United States and Canada (63.3%).
Delta Air Lines anticipates sales growth in 2025, driven by strong travel demand and high-end consumer spending, projecting mid-single digit revenue growth compared to 2024. The airline plans to expand its flying capacity by 3% to 4% and aims for a 10% annual increase in adjusted earnings over the next three to five years. With 57% of its revenue now from premium seats and loyalty programs, Delta has successfully shifted its focus to high-spending travelers, capitalizing on wealth growth among affluent households.
Nvidia"s stock rose nearly 5% to $147.01, with a significant 196% increase in 2024, as it prepares to report earnings. Retail giant Target also reports, while Walmart"s stock hit a new high after solid results. Delta Air Lines and United Airlines continue to see substantial gains, with Delta up 61% in 2024. Meanwhile, three utility companies—NiSource, Sempra, and Vistra—reached all-time highs, with Vistra gaining nearly 24% in November alone.
United Airlines Holdings Inc. has seen a remarkable surge in its stock, rising over 37% in October and achieving a 93% increase year-to-date, significantly outperforming competitors like Delta Air Lines and Alaska Air Group. Analysts believe the stock's rally has further potential, positioning it for its best annual performance on record if gains are maintained through year-end.
Flights from the U.S. to Europe are at their lowest prices in three years, with average fares dropping to $578 in November, down from $619 last year. Despite a slight decrease in airline capacity compared to last year, demand remains weak in the offseason, prompting airlines to offer discounts to fill seats. As travelers seek new destinations, airlines like United are expanding their schedules to include less popular locations.
Stocks closed on a sour note as traders anticipate earnings reports from Chevron and Exxon Mobil, with both CEOs scheduled to appear on CNBC. General Motors saw a 13% rise in the last month, while Ford and Stellantis faced declines. Apple reported strong iPhone sales but saw a slight drop in stock after hours, despite a 22.7% year-to-date increase. Financials outperformed in October, while health care and consumer durables struggled.
United Airlines Holdings, Inc.
Companies
| Symbol | UAL |
| Name | United Airlines Holdings, Inc. |
| Currency | USD |
| Sector | Industrials |
| IndustryGroup | Transportation |
| Industry | Airlines |
| Market | NASDAQ Global Select |
| Country | United States |
| State | IL |
| City | Chicago |
| Zipcode | 60606 |
| Website | http://www.united.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs initiates coverage on us airlines with mixed outlook for rasm growth
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