UAL
United Continental Holdings, IncNYSE
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  • Wed, Nov. 30, 3:40 PM
    • United Continental (UAL -0.4%) is considering whether to alter a $12.4B order for Airbus' (OTCPK:EADSF, OTCPK:EADSY) largest twin-engine jets, and is studying a swap of Boeing’s (BA -0.4%) smallest 737 for a longer version still on the drawing board, CFO Andrew Levy tells Bloomberg.
    • UAL may convert some of the Airbus A350-1000s to smaller long-haul models, and is considering the Max 10X, a stretch of Boeing’s largest 737, to replace some of the single-aisle jet orders it recently deferred as part of a cost-savings push.
    • Levy also says UAL is rethinking its share buybacks after announcing a $2B repurchase plan this summer that followed a $3B effort last year, explaining that the pace may need to slow because of increases in labor expenses from several new union contracts as well as rising fuel costs.
    | Wed, Nov. 30, 3:40 PM | 8 Comments
  • Mon, Nov. 28, 2:36 PM
    • An American Airlines Group (AAL -1%) jet made the first Miami-to-Havana commercial flight in more than fifty years earlier today.
    • A JetBlue (JBLU -2.6%) flight from NYC's Kennedy airport also made its way to Havana today.
    • Flight into Havana from United Continental (UAL -1.3%), Delta Air Lines (DAL -1.3%), Frontier Airlines, Spirit Airlines (SAVE -1.5%) are also scheduled for this week.
    • Southwest Airlines (LUV +0.1%) and Alaska Air Group (ALK -0.5%) are adding service later on. 
    • The airlines are sticking with their plans to fly into Cuba, despite some uncertainty over President-elect Trump's position on U.S.-Cuba relations.
    | Mon, Nov. 28, 2:36 PM | 6 Comments
  • Mon, Nov. 21, 7:30 PM
    • Non-union airport workers at Chicago’s O’Hare Airport say they will go on strike Nov. 29 as part of an effort to win the right to organize and to raise wages to $15/hour.
    • The SEIU, which wants to organize more airplane support staff who work for vendors to the airlines, says the strike will expand to demonstrations and protests but no job actions the same day at 18 other large U.S. airports including Los Angeles, Atlanta, New Orleans and Seattle.
    • Nov. 29 is the last day of the 12-day Thanksgiving holiday travel period, during which the leading airline trade group estimates that 27.3M passengers will fly on U.S. carriers, but the heaviest travel days are expected on Nov. 27-28; the group earlier had threatened to strike during the peak days.
    • O'Hare's two largest operators, United Continental (NYSE:UAL) and American (NASDAQ:AAL), say they are working with their vendors to ensure there is no disruption to its operations on the 29th.
    | Mon, Nov. 21, 7:30 PM | 3 Comments
  • Fri, Nov. 18, 4:59 PM
    • Airlines say they are making contingency plans ahead of a planned strike by support staff at Chicago’s O’Hare Airport during the Thanksgiving holiday, one of the busiest times of the year at one of the world's busiest airports.
    • Janitors, baggage handlers, cabin cleaners and wheelchair attendants, who are not unionized but are working with the SEIU, are seeking a wage of $15/hour.
    • United Continental (NYSE:UAL), the largest carrier by passengers at O’Hare, says it is taking steps to ensure its vendors have plans in place to “to ensure a safe and on-time operation for our customers.”
    • American Airlines (NASDAQ:AAL), O'Hare's second largest carrier, says it "supports better pay for workers across the board, but does not believe initiatives should target a specific group or industry."
    | Fri, Nov. 18, 4:59 PM | 13 Comments
  • Thu, Nov. 17, 10:57 AM
    • U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
    • The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
    • The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Thu, Nov. 17, 10:57 AM | 3 Comments
  • Tue, Nov. 15, 1:42 PM
    • Consolidation in the airline sector looks like it's going to be great for investors, but downright lousy for travelers.
    • Today, United Continental (UAL +3.3%disclosed that it plans to restrict low-fare customers to a single carry-on bag and not assign their seats until the day of the departure.
    • Delta Air Lines (DAL -0.1%) announced previously similar restrictions on low fare tickets.
    • The carriers hope to upsell customers on the ability to carry on bags and select seats in advance.
    • The move by the two majors is likely to be copied across the sector or free up rivals to institute their own fee hikes. It will be interesting to see how Southwest Airline (LUV +1.7%) reacts - more fees or a marketing blitz?
    • Shares of UAL are up 13% since the election, while Delta is 11% higher.
    • Related ETF: JETS.
    | Tue, Nov. 15, 1:42 PM | 13 Comments
  • Tue, Nov. 15, 10:18 AM
    • United Continental (UAL +1.3%) says it will defer delivery of 61 Boeing (BA -1.5%) 737 jets for an unspecified period as part of an effort to save $1.6B in capital expenses.
    • UAL had ordered 65 of the 737-700 jets in two separate batches earlier this year and was expected to receive them starting next year and convert them into the new Max model; it will take delivery of the other four 737s as planned, but convert them to the 737-800 model.
    • The fleet changes are part of UAL's $4.8B in initiatives intended to improve profitability through 2020.
    • Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) have order books for their best-selling jets stretching out for several years of production, and typically overbook knowing that some planes will be canceled or deferred.
    | Tue, Nov. 15, 10:18 AM | 6 Comments
  • Tue, Nov. 15, 7:57 AM
    • Analyst are still buzzing over Warren Buffett's move to invest in four major airline stocks at once.
    • "What Buffett is basically saying is that the US industry has reached a position of relative stability and will behave," notes Hamlin Transportation Consulting analysts George Hamlin.
    • Other industry watchers think that the boost of confidence from Omaha could bring in a new wave of buyers to the sector which trades at low valuations.
    • Buffett picks in premarket trading: UAL +3.26% AAL +5.65% DAL +3.86% LUV +2.80%.
    • Other airline stocks: JBLU +1.77%, Hawaiian Holdings (NASDAQ:HA) +1.00%, while Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE) and Allegiant Travel (NASDAQ:ALGT) haven't started trading yet.
    • Related ETF: JETS.
    • Previously: Buffett buys airlines (Nov. 14)
    | Tue, Nov. 15, 7:57 AM | 3 Comments
  • Mon, Nov. 14, 4:48 PM
    • After famously shunning the airline industry for ever, Warren Buffett has jumped in, with Berkshire Hathaway (BRK.A, BRK.B) showing stakes in American Airlines (NASDAQ:AAL), United Continental (NYSE:UAL), and Delta Airlines (NYSE:DAL) as of Sept. 30.
    • It's not on the 13F filing, but CNBC reports Berkshire as also having taken a stake in Southwest Airlines (NYSE:LUV).
    • Buffett's last play in airlines was a $358M preferred stake in U.S. Airways in the late 1980s. He eventually profited, but not before having to ride major losses which soured him on the industry.
    • AAL +3.4%, UAL +1.7%, DAL +2.3%, LUV +3.1% after hours
    • Buffett on the airlines circa 2002: “If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright ... The airline business has been extraordinary. It has eaten up capital over the past century like almost no other business."
    | Mon, Nov. 14, 4:48 PM | 141 Comments
  • Fri, Nov. 11, 7:01 PM
    • Flights at several airlines were grounded today as a computer outage at airline-tech firm Sabre created a glitch in operations.
    • Sabre says the systems were running again by early this afternoon, but didn't identify a cause for the problem.
    • American Airlines (NASDAQ:AAL) said flights were delayed but not canceled, while Southwest (NYSE:LUV) said the outage briefly prevent bookings, ticket changes and use of mobile boarding passes. Alaska (NYSE:ALK) said 15 flights were delayed by up to 15 minutes.
    • The glitch also hit Virgin America (NASDAQ:VA) and JetBlue (NASDAQ:JBLU), but United (NYSE:UAL) said flights were unaffected, and Delta (NYSE:DAL) doesn't use Sabre.
    • Airline stocks generally followed the market's closing lift to gains today, though: AAL +1.5%; LUV +0.5%; ALK +0.4%; VA flat; JBLU +0.3%; UAL +0.5%; DAL +0.9%.
    | Fri, Nov. 11, 7:01 PM | 12 Comments
  • Tue, Nov. 8, 4:22 PM
    • United Continental (NYSE:UAL) reports revenue passenger miles increased 0.6% in October to 17.752B. Domestic RPMs were up 2.3%, while regional RPMs fell 6.2%.
    • Capacity increased 1.8% to 21.536B available seat miles.
    • October load factor -100 bps to 82.4%.
    • YTD load factor -60 bps to 83.0%.
    • United expect Q4 revenue per available seat miles to decline 4.0% to 6.0% in Q4, level with prior guidance.
    • UAL +0.14% AH to $59.31.
    | Tue, Nov. 8, 4:22 PM
  • Mon, Nov. 7, 12:36 PM
    • Wolfe Research analyst Hunter Keay isn't worried that higher oil prices in the future will be a negative for airline companies.
    • He thinks the impact of capacity discipline is more important than the bottom line of a lower fuel spend. Keay's analysis is below.
    • "Multiples drive about 70 percent of the movement in stock prices. And multiples are dictated by the perception of pricing power, and pricing power is dictated by capacity control. Excess capacity drives pricing down... It’s not about profits, it’s about how they make the profits, about pricing power. Capacity discipline and fundamental behaviors are far more important than the amount of money they earn."
    • Oil prices are up 0.7% on the day, but have dropped sharply over the last month.
    • Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTC:MLYAF, OTCPK:AFLYY, VLRS, LUV, OTC:RYAOF, VA, LFL, SAVE, ALGT, CEA, OTC:EJTTF, OTCQX:ESYJY, AVH, OTC:AFRAF, OTCPK:ICAGY.
    • Airline ETF: JETS.
    | Mon, Nov. 7, 12:36 PM | 17 Comments
  • Mon, Oct. 31, 9:00 AM
    • JPMorgan sees upside potential for two airline stocks.
    • The investment firm lifts its price target on Spirit Airlines (NASDAQ:SAVE) to $52 from $46. Shares of Spirit are already up 21% YTD.
    • The PT on United Continental (NYSE:UAL) moves to $86.50 from $61.50 to represent 57% upside potential from Friday's closing price.
    | Mon, Oct. 31, 9:00 AM | 3 Comments
  • Fri, Oct. 28, 10:13 AM
    | Fri, Oct. 28, 10:13 AM | 1 Comment
  • Tue, Oct. 18, 8:59 AM
    • U.S. air fares edged up 0.4% M/M in September to reverse a down trend, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors again during the month.
    • Research firm Hopper expects fares to continue to drop this month before rebounding around Thanksgiving.
    • The lower level of fares at the start of October will impact the hyper-watched Q4 revenue per available seat mile.
    • BTS data
    • Chart of BTS air fare data vs. Hopper's Index (2013-2016)
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Tue, Oct. 18, 8:59 AM
  • Mon, Oct. 17, 4:27 PM
    • United Continental (NYSE:UAL): Q3 EPS of $3.11 beats by $0.23.
    • Revenue of $9.9B (-4.0% Y/Y) beats by $10M.
    • Shares +0.7%.
    • Press Release
    | Mon, Oct. 17, 4:27 PM | 3 Comments