Seeking Alpha

United Continental higher after upgrade

  • United Continental (UAL +4%) trades higher after UBS upgrades the company to a Buy rating with a $50 price target.
  • The investment firm sees accelerating sales growth for United in Q2.
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Comments (1)
  • markcc
    , contributor
    Comments (1522) | Send Message
     
    Even though the airline is horrible at customer service, United is doing so well at filling seats and increasing prices, so much so, that as a top flyer, I can't get an upgrade on most flights now. I used to get upgraded on 80-90 percent of my flights before, now about 30-40 percent. Every flight, in the last few weeks, that I was on was full. The United Clubs are packed, like never before, and the members are complaining about lack of seating. I was sitting in a group of United 1Ks at the United Club yesterday and we are all paying more and getting less for our frequent flying activities, and were all experiencing the lack of upgrades. Since we were all flying coach, were were talking about other cheaper airlines we are likely to use if we had to continue to fly coach. I left the conversation and bought United stock. Usually the first quarter is very soft in loading and pricing, but this quarter looks very good from the investors perspective.
    1 Apr 2014, 10:48 AM Reply Like
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