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United Continental Holdings, Inc (UAL)

- NYSE
  • Fri, Apr. 10, 6:23 AM
    • The FAA boosted oversight of United Continental Holdings (NYSE:UAL) two months ago, reports the WSJ, citing risks from repeated violations of mandatory pilot qualification and scheduling requirements.
    • A Feb. 6 letter from a high-ranking FAA official to United's top safety officer called for a thorough overhaul of parts of the airline's process for qualifying crew members. The regulator's action followed a January safety warning from UAL to its pilots after four recent and separate "safety events and near misses."
    • The FAA letter didn't involve those incidents, but instead focused on areas like pilot records and crew-member qualifications.
    | 1 Comment
  • Thu, Apr. 9, 7:14 AM
    • United Continental (NYSE:UAL) reports revenue passenger miles fell 0.7% in March to 17.349B.
    • Total capacity was down 0.6% to 20,967B miles as Atlantic and regional routes decreased.
    • United's consolidated load factor slipped 10 bps to 82.7%.
    • Cargo revenue ton miles +8.1% to 239.9M.
    | Comment!
  • Wed, Apr. 1, 10:55 AM
    • Airline stocks are lower on the day with oil rallying again.
    • American Airlines Group (AAL -4.1%), Delta Air Lines (DAL -3.8%), and United Continental (UAL -3.7%) are the leading decliners after taking on a Deutsche Bank downgrades on top of the oil development.
    • Allegiant Travel (ALGT -2.1%), Spirit Airlines (SAVE -2.1%), and Alaska Airways Group (ALK -2.4%) are also peeling off share price.
    • The sector could see some volatility over the next week as carriers report on their March load factors and passenger revenue metrics.
    • Previously: Supply and demand questions in the U.S. airline sector
    • Previously: Deutsche Bank warns on international airline sales
    | 11 Comments
  • Wed, Apr. 1, 6:53 AM
    • Deutsche BAnk downgrades three airlines on concerns international sales for the trio will disappoint.
    • Delta Air Lines (NYSE:DAL) is moved to Hold from Buy and assigned a price target of $50 from $60.
    • American Airlines Group (NASDAQ:AAL) is also cut to Hold and has its PT sliced to $58 from $78.
    • United Airlines (NYSE:UAL) goes to Hold from Buy with a price target reduction to $70 from $85.
    • The strong U.S. dollar will cut into international passenger revenue per available seat miles, warns DB.
    | 30 Comments
  • Fri, Mar. 27, 3:10 AM
    | 14 Comments
  • Thu, Mar. 26, 8:20 AM
    • Airline stocks are reacting to the jump in crude oil prices as would be expected.
    • Crude oil is markedly higher off of unrest in Yemen.
    • Delta Air Lines (NYSE:DAL) is down 4.1% in premarket action, while United Continental (NYSE:UAL) is off 2.9%.
    • Southwest Airlines (NYSE:LUV) and JetBlue (NASDAQ:JBLU) are both down about 3%.
    • No-hedging American Airlines Group (NASDAQ:AAL) continues to be a curiosity to some traders with its tendency to move in-line with peers on oil swings - despite having a different fuel pricing strategy. AAL -3.4% premarket.
    • A deeper dive into jet fuel prices is available at Platts.
    | 18 Comments
  • Wed, Mar. 25, 4:56 PM
    • China’s Hainan Airlines says it plans to buy 30 Boeing (NYSE:BA) 787 Dreamliner jets, valued at as much as $7.7B at list prices, in a boost for Boeing’s order book of Dreamliners, which after years of growth plateaued as jets were only available in 2020 and beyond.
    • Many of the Dreamliners ordered by Hainan are said to come from delivery positions once reserved for United Continental (NYSE:UAL), which is in negotiations with Boeing for some larger 777-300ER jets converted from a portion of its Dreamliner order now going to Hainan.
    | 2 Comments
  • Tue, Mar. 24, 7:15 PM
    • Oil prices have dropped by more than 50% in the past year but consumers have not enjoyed a corresponding drop even though oil prices are an airline's largest expense.
    • NYT's Andrew Ross Sorkin says the airline industry is increasingly looking like an uncompetitive oligopoly, as mergers during the last several years have left the U.S. with only four main airlines - Delta (NYSE:DAL), United (NYSE:UAL), Southwest (NYSE:LUV) and American-US Airways (NASDAQ:AAL) - which deliberately do not compete on some routes.
    • "In a truly competitive marketplace, airlines would add capacity to popular routes where they saw the opportunity to undercut a competitor. And given low oil prices, you would imagine that at least one airline would lower its rates to pick up market share and make it up in volume," Sorkin writes.
    • The International Air Transport Association says the U.S. air travel industry is set to rack up "net post-tax profits" of $13.2B in 2015, up from $11.9B in 2014, a forecast that was based on an average cost of $85/bbl for Brent crude oil - whose price today is ~$55/bbl.
    | 42 Comments
  • Tue, Mar. 24, 9:48 AM
    • Airline fares in the U.S. rose in February, according to the Bureau of Labor Statistics.
    • The average fare was up 1.9% from January.
    • Fares were 3% lower than they were a year ago during February.
    • Though a slight increase was expected with oil prices higher, the reading is still positive for the sector as the impact of capacity gains in key markets on fares is weighed.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • BLS CPI data
    | 7 Comments
  • Sat, Mar. 21, 11:46 AM
    • Positive commentary from the analyst community and some help from the oil patch helped the airline sector outperform for the week.
    • American Airlines Group (NASDAQ:AAL) ran up a gain of 11% off of news the company would be added to the S&P 500 Index.
    • Plenty of bets were laid out on American with volume on Friday at 137.8M shares vs. 15.33M daily average.
    • Analysts thinks the inclusion of American to the S&P 500 to join Southwest Airlines (NYSE:LUV) and Delta Air Lines (NYSE:DAL) effectively boxes out United Continental (NYSE:UAL) and Alaska Airlines (NYSE:ALK) from the prized index until at least 2016.
    • A positive read from Southwest on efficiency also helped to buoy sentiment.
    • Even beaten-down Hawaiian Holdings (NASDAQ:HA) perked up during the week with a 8.56% run. The carrier has under-performed recently due in part to some hedging losses.
    • ETF fans are set to have their catch-all airline investment opportunity soon with the expected launch of the U.S. Global Jets ETF (Pending:JETS) next month.
    | 7 Comments
  • Thu, Mar. 19, 2:37 PM
    • Investor may get a buying opportunity with airline stocks when major carriers start reporting in a few weeks, tips Credit Suisse.
    • Shares in the group could trade lower after Q1 numbers come up short amid F/X pressure and Q2 guides for efficiency (PRASM) are influenced by capacity growth.
    • CS is a buyer on weakness with the sector looking strong for the back half of the year.
    • On watch: Southwest Airlines (NYSE:LUV), JetBlue (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), American Airlines Group (NASDAQ:AAL).
    • Previously: Global airline ETF expected this spring (March 18)
    | 17 Comments
  • Wed, Mar. 18, 7:27 PM
    | 21 Comments
  • Tue, Mar. 17, 2:47 PM
    • The first Boeing (BA +0.4%) 787-9 Dreamliner aircraft assembled at the company's South Carolina plant has been delivered, to United Airlines (NYSE:UAL) after assembly was completed in January and test flights were conducted last month.
    • The facility in North Charleston, S.C., is projected to make ~84 Dreamliners per year by 2020; considering that Boeing has ramped up production, it means ~850 of the 787s will still be made each year in Washington state.
    • The delivery news comes as the Machinists union yesterday turned in a petition to the NLRB calling for a vote on unionization at the North Charleston plant.
    | 10 Comments
  • Fri, Mar. 13, 9:45 AM
    • China Eastern Airlines (CEA) and China Southern Airlines (ZNH +5.4%) are off to a flying start with oil prices lower and stocks in China broadly higher.
    • The story is mixed for Latin America airline stocks with both Gol Linhas (GOL -1.5%) and LATAM Airlines Group (LFL -0.8%) lower, while Copa Holdings (CPA +1.2%) is up in-line with global airline index averages.
    • In the U.S. airline sector, the move in oil has Republic Airways (RJET +2.6%), Delta Air Lines (DAL +2.1%), United Continental (UAL +1.5%), Virgin America (VA +0.9%), and Spirit Airlines (SAVE +1.1%) making moves.
    | 1 Comment
  • Wed, Mar. 11, 2:12 PM
    • Airline stocks are taking back some ground with oil prices peeling off 1.3%.
    • The sector also got a lift when Southwest Airlines topped analyst estimates for revenue passenger miles for February.
    • Gainers: United Continental (NYSE:UAL+2.4%, Southwest Airlines (NYSE:LUV+1.9%, Virgin America (NASDAQ:VA+1.6%, Spirit Airlines (NASDAQ:SAVE+1.5%, American Airlines Group (NASDAQ:AAL+1.5%, Delta Air Lines (NYSE:DAL+1.2%.
    • Related: Spring preview on U.S. airlines
    • Previously: Load factor on the rise at Southwest Airlines
    | 6 Comments
  • Wed, Mar. 11, 7:41 AM
    • U.S. airlines expect passenger traffic to increase 2% during March and April.
    • The group of major carriers is forecast to show a 3% rise in capacity over the period.
    • The industry's net profit margin is expected to improve compared to a year ago due to lower fuel expenses.
    • The average price on aviation jet fuel in North America is currently down 36.6% from a year ago, but 25.2% higher than the level from a month ago.
    • Airline fares fell 3% in January and are expected to have shown a smaller decline in February. March fares are seen as holding steady due to strong business demand.
    • U.S. carriers: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
    | 7 Comments
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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