2024-01-23 19:03:56 ET
Summary
- United Airlines' shares recently dropped due to negative industry news (flight cancellations, Delta Air Lines profit warning and Boeing 737 Max 9 safety issues).
- United Airlines earnings card for Q4'23 was very solid as it reported strong passenger and revenue momentum.
- The longer-term outlook for the airline industry remains positive, with passenger levels expected to exceed pre-pandemic records in 2024 and 2025.
- Shares of United Airlines are an absolute bargain and trade at a 30% earnings yield.
Shares of airline company United Airlines Holdings, Inc. ( UAL ) slumped by more than 10% last week Friday after weather-related flight cancellations and a more muted earnings outlook for Delta Air Lines, Inc. ( DAL ) weighed on the sector. However, United Airlines' fourth quarter earnings were solid and caused the share price to soar 6% in after-hours trading. Investors, however, still have the opportunity to buy the drop here as shares are in a consolidation pattern....
Read the full article on Seeking Alpha
For further details see:
United Airlines: Be Greedy When Others Are Fearful