United Continental +3.7% after investor meeting, Wolfe keeps the faith

|About: United Continental Holdings... (UAL)|By:, SA News Editor

United Continental (UAL) hasn't enjoyed the stock gains of competitors such as American Airlines (AAL) and Delta (DAL), but the company's investor meeting convinces Wolfe Research analysts that UAL understands how to address its problems; shares rose 3.7% in toay's trade.

Management handled the generally negative tone, Wolfe says, responding with explanations that didn’t sound like excuses - "we left increasingly optimistic that the current management team can turn things around."

UAL's gap is "temporary or addressable without more drastic steps of hub closures, but it will take some time," the firm says; for example, UAL flies far more 50-seat regional jets than American and Delta, and putting those down can’t be done overnight.