For 3Q24, United Airlines generated $14.85 billion in revenues, representing a 2.48% year-on-year growth. Although EPS of $3.33 beat estimates, net income fell by 15.13% year-on-year. Expect the continued strength and demand in the airline industry to continue to serve as tailwinds for UAL. ACI expects passenger growth for 2024 will surge by 7% in North America. UAL is poised to expand its revenue through multiple initiatives such as expanding its international reach, increasing its fleet size, and enhancing other ancillary programs such as MileagePlus.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
United (UAL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Trading in October assuaged the market's worst fears, and the industry is ending the year in good shape.
United Airlines customers will have to spend and fly more to earn frequent flyer status next year. Airlines have repeatedly increased the requirements to earn elite benefits as travel demand returned post-pandemic.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
UAL's prospects are bolstered by its robust air travel demand. Efforts to expand are encouraging.
We assess the investment worthiness of UAL stock, post the company's impressive Q3 results.
United Airlines' Q3 earnings report and guidance led to a new 52-week high, nearing pre-pandemic stock prices. Passenger revenue growth is slowing, but cargo revenues surged 25.2% due to Middle East freight challenges and Asia Pacific capacity expansion. Operating income dropped 10% due to higher non-fuel costs, but Q4 EPS guidance shows strong year-on-year growth, boosting investor confidence.
United Airlines stock (NASDAQ: UAL) recently reported its Q3 results, with revenues aligning and earnings exceeding our estimates. The company reported revenue of $14.8 billion and adjusted earnings of $3.33 per share, compared to our estimates of $14.8 billion and $3.15, respectively.