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United Continental Holdings, Inc (UAL)

  • Apr. 1, 2013, 12:38 PM
    Airline stocks (FAA) trade are blowing off some steam with regional carriers Republic Airways (RJET -9.8%), Allegiant (ALGT -3%), and Spirit Airlines (SAVE -3.2%) leading the slide. Macroeconomic concerns and a harsh downgrade from Evercore Partners on United Continental (UAL -2.5%) seem to be tipping sentiment.
  • Mar. 28, 2013, 5:50 PM
    United Continental Holdings (UAL) says it expects its Q1 consolidated cost per available seat mile to increase 11.4% to 12.4% year-over-year, largely due to higher than expected winter storm activity, higher aircraft maintenance, an increase in salaries and wages, and certain crew-related expenses due to the grounding of the Boeing 787 fleet. Passenger revenue per available seat mile is expected to increase between 5.4% and 6.4%, however, to between $1.13B and $1.18B.
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  • Mar. 24, 2013, 4:58 AM
    Airlines for America, a trade group that represents large carriers, has said that its members don't have any plans to cancel or postpone flights because of the expected closure of 148 air-traffic control towers. The FAA announced the closures on Friday as part of its program to save $627M because of sequestration. The cost cuts will also affect major airports such as Chicago's O'Hare, where controllers will be required to work fewer hours per month.
  • Mar. 22, 2013, 4:49 AM
    FedEx (FDX) agrees to acquire up to 14 Boeing 757 jets from United Airlines (UAL) and takes an option to buy another 16 as part of the delivery company's fleet renewal. Converting the jets to carry cargo costs $5M a plane.
  • Mar. 20, 2013, 7:32 AM
    The International Air Transport Association increases its forecast for 2013 airline profits to $10.6B from $8.4B due to improved global economic prospects. Passenger demand is seen growing during the year by 5.4%, up from IATA's previous call for a 4.5% rise. Higher jet fuel prices will partially offset revenue gains, according to the agency.
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  • Mar. 18, 2013, 1:55 PM
    Airlines (FAA) would like to implement a new travel industry booking system which will allow consumers to buy add-ons such as upgraded seats or early boarding when they book flights through a travel website or agent. Trade group IATA filed an application with the DOT seeking an upgrade and to move forward on replacing the antiquated system.
  • Mar. 12, 2013, 10:50 AM
    CIT Group says it has heard from a number of commercial airline companies seeking an alternative to the Boeing 787 with a quick fix for the troubled jet looking unlikely. Norwegian Air Shuttle and United Continental (UAL -0.4%) are two Boeing customers that are known to be adjusting their fleets, but other unnamed carriers also appear to be scrambling. It's a problem for the sector (FAA) with alternatives to the 787 providing less seats and higher fuel costs in general.
  • Mar. 11, 2013, 10:16 AM
    Morgan Stanley advises taking profits on airline stocks (FAA) after the impressive rally in the group with oil prices falling and fares holding. The sector is seeing a bit of a pullback today with United Continental (UAL -2.7%) and Delta Air Lines (DAL -1%) faltering the most, but performance is still strong for the year.
  • Mar. 8, 2013, 9:56 AM
    Airline stocks rally as crude oil prices trek lower again. It's a move some analysts say can sustain with higher fares and trimmed capacity offering margin support. Leading the charge for the sector: United Continental (UAL +5%), Delta Air Lines (DAL +2.6%), Hawaiian Holdings (HA +1.9%), Alaska Air (ALK +1.8%), US Airways (LCC +1.2%), JetBlue (JBLU +1.4%).
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  • Mar. 5, 2013, 2:27 PM
    IATA says passenger air travel rose 2.7% Y/Y in January, a mark which is higher the 2.2% gain in capacity. The agency says a calendar effect may have influenced the total with travel linked to the Chinese New Year falling in the period last year to boost results. International air travel was up 3.7% and domestic air travel rose 1.1% compared to last year.
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  • Mar. 4, 2013, 11:29 AM
    As oil prices slip even further, margins for airline companies continue to look even more enticing to investors. The sector is also getting a nice boost from Delta Air Lines as the carrier forecast that Q1 will be its first profitable quarter since 2000. Advancers: UAL +4.5%, DAL +4.1%, ALK +3.0%, HA +2.6%, LCC +2.4%, SAVE +1.5%.
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  • Mar. 1, 2013, 10:24 AM
    Airline stocks (FAA) move higher after oil prices push even lower. The timing is good for the sector with a recent fare hike sticking and demand worries on the backburner at the moment. Advancers: DAL +4.8%, UAL +3.6%, LCC +3.3%, JBLU +2.2%.
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  • Feb. 25, 2013, 10:23 AM
    JPMorgan analyst Jamie Baker thinks a recent hike in fares in the airline sector is holding up after two previous attempts earlier this year failed. Airline stocks (FAA +1.5%) are higher on the day with Delta Air Lines (DAL +3.3%) and United Continental (UAL +2.1%) leading the pack.
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  • Feb. 22, 2013, 10:26 AM
    Airlines are feeling the effect of a large winter storm that swept across the middle part of the country. Over a thousand flights were cancelled yesterday and another 613 flights today are grounded. United (UAL +0.7%), Southwest (LUV +0.5%), and SkyWest (SKYW) appear to be the carriers affected the most. The storm isn't quite done yet, with the Northeast set to get hit this weekend to pose another threat to the schedules of airlines.
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  • Feb. 22, 2013, 1:57 AM
    Boeing (BA) is expected to today present a redesign of its 787 batteries to stop them overheating as it looks to persuade the FAA to allow the Dreamliners to resume passenger flights, hopefully next month. CEO Jim McNerney tells the WSJ that Boeing is confident it has identified "all probable causes" of the battery failures. United Airlines (UAL), though, has taken the 787 off nearly all its schedules through June 5. And remember the fuel leaks on a Japan Airlines 787? Investigators reckon the cause was the coating of a mechanism that controls the movement of fuel between tanks.
  • Feb. 15, 2013, 12:13 PM
    Hedgeye issues some negative comments on the airline sector (AAMRQ.PK, LCC, UAL, DAL, LUV, HA, JBLU, ALK, RJET, ALGT, SAVE): 1) The firm notes that with the merger of U.S. Airways and American Airlines now set, a big catalyst is removed and the path toward actual integration and synergies is still slow. 2) Even if industry consolidation supports a higher fare environment, new low-cost carriers will pop up. 3) Is bigger really better? Several transportation industries have struggled after consolidation instead of thrived.
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Company Description
United Continental Holdings Inc transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations.
Sector: Services
Industry: Major Airlines
Country: United States