SAVE - United Airlines: Commendable Turnaround Stock Is A Buy

2024-04-15 13:03:46 ET

Summary

• United Airlines has improved its balance sheet and operating model, making it a high-quality player in the industry.
• The company's focus on fixing its mid-continent business and on the profitable long-haul routes has contributed to its improved fundamentals.
• United's stock is undervalued compared to its peers, making it an attractive investment option relative to the rest of the airline space.

As airline earnings season approaches, I have been revisiting my theses on the sector. I have recently called Spirit Airlines ( SAVE ) " a terrible addition to a portfolio ", doubling down on my most bearish call in the airline space published in 2018. International Consolidated Airlines ( ICAGY ), on the other hand, looks both cheap and fundamentally solid today....

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