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United Airlines
Page 2 of United Airlines news, latest stories & analysis
Dow Jones, the S&P 500, and Nasdaq price forecast after last week gains
Wall Street’s three main indexes ended sharply higher on Friday as September retail sales unexpectedly rose and many companies reported strong earnings. U.S. retail sales rose 0.7% in September compared with economists’ estimate of -0.2%, while strong U.S. corporate earnings reports fueled optimism about the economy.It is also important to…
October 17, 2021
Here’s why this Jefferies’ analyst is still bullish on Boeing
Boeing Co’s (NYSA: BA) troubles keep on piling up, with the latest blow coming from its 787 Dreamliner last week as the twin-aisle jet came up with a new defect, resulting in a slashed production rate and delayed deliveries. On the one hand, there’s Jim Cramer, who lashed out on…
July 20, 2021
Cowen’s Becker on airline industry: ‘we should have a pretty good summer’
The U.S. airports screened more passengers over the last weekend than they did in the comparable period of 2019, marking the first time that airport screenings topped 2019 levels since the start of the pandemic. Helane Becker’s comments on CNBC’s “Squawk Box” Despite a laudable increase in air traffic, business…
July 6, 2021
US dollar index (DXY) forecast after the strong NFP data
The US dollar index (DXY) rose for the fifth consecutive day as investors reacted to the latest US non-farm payroll data. It rose to $92.66, which is about 3.5% above the lowest level in May. US non-farm payrolls The US labour market is tightening as more states reopen following the…
July 2, 2021
United Airlines Holdings makes largest aircraft order in its history
United Airlines Holdings Inc. (NASDAQ: UAL) unveiled its largest-ever airplane order of 270 narrow-body jetliners from Airbus SE (ESBBSE:AIR) and Boeing (NYSE: BA) as the company looks to expand in the post-pandemic era, CNBC reported. The airliner aims to capture more travelers, especially high-paying ones in coastal hubs.United…
June 29, 2021
Is the Boeing stock a buy or sell after the big United Airlines order?
The Boeing (NYSE: BA) stock price darted upwards in the premarket session after United Airlines announced a big order from the company. The shares rose to $242 in premarket, 1% above its closing price of $239. This brings its past 12 months increase to more than 40% and its market…
June 29, 2021
United Airlines bets on the future of transportation, commits to at least 15 Boom Supersonic planes
United Airlines Holdings Inc (NASDAQ: UAL) announced today that it has entered into a commercial agreement to buy 15 planes from Boom Supersonic, with the option to purchase an additional 35 planes.This is the first firm order for Boom Supersonic from a major airline operator. The aircraft called ‘Overture’ will…
June 3, 2021
Crude oil price rallies as summer travel bookings soar
Crude oil price has extended its previous gains as optimism on global oil demand recovery continues to fuel the rally. On Tuesday, WTI futures were down by 0.38% at $66.49. At the same time, the benchmark for global oil – Brent futures, rose by 0.35% at $69.78. Optimism of demand…
May 18, 2021
Jim Cramer talks about Alibaba, Boeing, and Ark Innovation
Alibaba Group (NYSE: BABA) swung to a net loss of £610 million in the fiscal fourth quarter attributed to a recent £2.0 billion anti-monopoly fine. The NYSE-listed shares of Alibaba opened at £151.75 per share on Thursday and are currently exchanging hands at £147.36 per share. In comparison, the Hangzhou-based…
May 13, 2021
American Airlines swings to a wider than expected loss in fiscal Q1
American Airlines Group Inc. (NASDAQ: AAL) said on Thursday that it swung to a wider-than-expected loss in the fiscal first quarter as the COVID-19 crisis continued to wreak havoc on demand for air travel. The air carrier’s revenue was lower than what analysts had anticipated, but cash burn continued to…
April 22, 2021
United Airlines swings to a loss of £970 million in Q1 of 2021
United Airlines Holdings Inc. (NASDAQ: UAL) said on Monday it swung to a loss of £970 million in the first quarter of 2021. Executives, however, expressed confidence that performance will recover in the upcoming months as several international countries start to allow passengers that have already received the COVID-19 vaccine.
April 19, 2021
United Airlines says it will soon start hiring hundreds of pilots
United Airlines Holdings Inc. (NASDAQ: UAL) said on Thursday it will start hiring hundreds of pilots in the near future. The air carrier was previously pushed into halting the process due to the Coronavirus pandemic that wreaked havoc on demand for air travel. United Airlines is the first in the…
April 1, 2021
Boeing stock price prediction for March after yet another blow
United Airlines (NASDAQ: UAL) announced it will remove 24 of its Boeing 777 planes for the time being after one of the jets sustained an engine failure over the weekend. Fundamental analysis: Inspection orderedThe Federal Aviation Administration (FAA) ordered the inspection of 777s, which use the same PW4077 engine. Furthermore, the…
February 23, 2021
Travelers says its profit climbed to £960 million in Q4
The Travelers Companies Inc. (NYSE: TRV) said on Thursday that its profit came in better than expected in the fiscal fourth quarter. The New York-based firm also reported a modest increase in its Q4 net written premiums. In separate news from the United States, United Airlines said on late on…
January 21, 2021
United Airlines remains in £1.39 billion of loss in the fourth quarter
United Airlines Holdings Inc. (NASDAQ: UAL) said on Wednesday that it remained in loss in the fiscal fourth quarter after failing to return to profitability in the previous three quarters as well. The air carrier also said that its capacity was likely to be down by a minimum of 51%…
January 21, 2021
Crude oil prices waiver amid concerns on increasing supply
Crude oil prices are wavering as the market reacts to U.S. inventories. API’s figures are higher than expected. Investors’ focus is now on the EIA data scheduled for later today. Besides, differences within the OPEC+ cartel has heightened concerns about a possible increase in supply. WTI is trading at ~$44.34,…
December 2, 2020
United Airlines’ sales tank 78% in Q3 due to COVID-19 restrictions
United Airlines Holdings Inc. (NASDAQ: UAL) published its earnings report for the fiscal third quarter on Wednesday that highlighted a massive 78% decline in sales attributed to the ongoing Coronavirus pandemic. Shares of the company slid over 1% in extended trading on Wednesday but then jumped back 2% later on.
October 15, 2020
United Airlines stock price soars after cutting 2,850 pilot jobs
Shares of United Airlines (NASDAQ: UAL) gained around 2% after the carrier announced the biggest pilot job cut in history as it moves forward with plans to sack 2,850 pilot jobs in October and November. Fundamental analysis: Pandemic consequencesOn Thursday, United Airlines announced it will cut 2,850 pilot jobs…
August 28, 2020
United Airlines swings to a £1.29 billion loss in the second quarter
United Airlines (NASDAQ: UAL) announced to have swung to a £1.29 billion loss in the second quarter on Tuesday. The air carrier attributed its hawkish quarterly performance to the Coronavirus pandemic that brought demand for air travel to a near halt in recent months. In the same quarter last year,…
July 22, 2020
United Airlines strikes a tentative deal with its pilots’ union on voluntary furloughs & early retirement
United Airlines (NASDAQ: UAL) said late on Thursday that it had struck a tentative deal with a union that represents about 13,000 of its pilots on early retirement and voluntary furloughs. The announcement marks a prominent milestone for the U.S. air carrier in cutting costs amidst COVID-19 that has brought…
July 10, 2020
United Airlines issues notice of a potential layoff to 36,000 employees
United Airlines (NASDAQ: UAL) said on Wednesday that it had issued notice to roughly 36,000 of its frontline employees about a potential layoff as COVID-19 continues to wreak havoc on the global airline industry. The potential job cut represents more than 33% of United’s workforce. United Airlines named Brett Hart…
July 8, 2020
United Airlines issues guidance, recovers 7% early decline
Shares of United Airlines Holdings Inc (NASDAQ: UAL) recovered from a 7 percent pre-market decline as investors appear to have gotten more comfortable with the airliner’s outlook. Liquidity update United guided in a Monday morning press release its liquidity to be around $17 billion at the end of the third…
June 15, 2020
Airline industry takes offense with Boeing CEO’s doom and gloom comments
It goes without saying the airline and tourism industry is among the hardest hit from the global COVID-19 pandemic. But talking about it publicly and speculating the demise of at least one major airliner is now a faux-pas, The Wall Street Journal reported. ‘Most likely’ a major carrier will fold…
May 15, 2020
United Airlines announces Brett Hart as the new president effective May 20th
United Airlines (NASDAQ: UAL) announced inside Brett Hart as the new president of the company on Monday. The airline said that Hart will take over the role from Scott Kirby on May 20th. Kirby, the company added, will now serve as the Chief Executive Officer succeeding Oscar Munoz amidst times…
May 12, 2020
United Airlines stock price pops despite $1.7 billion Q1 loss
Shares of United Airlines (NASDAQ:UAL) are trading modestly higher in premarket trading hours despite the biggest quarterly loss recorded since 2008. Fundamental analysis: Not as bad as expected United reported an adjusted per-share loss of $2.57 for the quarter ending March 31, compared to Wall Street expectations of a $3.36…
May 1, 2020
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