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United Continental Holdings, Inc (UAL)

  • Jul. 24, 2014, 7:35 AM
    • United Continental (NYSE:UAL): Q2 EPS of $2.34 beats by $0.16.
    • Revenue of $10.3B (+3.0% Y/Y) in-line.
    • Press Release
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  • Jul. 22, 2014, 5:30 PM
    • Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL) and United Airlines (NYSE:UAL) halted flights to Israel for at least 24 hours under orders from the FAA after a rocket fell about a mile from Ben-Gurion Airport outside Tel Aviv.
    • The U.S. moves were swiftly followed by flight stoppages from most European carriers, including Lufthansa (OTCPK:DLAKF) and Air France (OTC:AFRAF).
    • Airlines' safety concerns are heightened after last week's downing of the Malaysian Air passenger jet over Ukraine.
    • Shares of DAL (+1.4%) and UAL (+2.3%) nevertheless ended with solid gains, and AAL finished with a small loss (-0.2%), as the feeling - for now - is that any revenue losses from canceled flights will be easy to make up.
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  • Jul. 18, 2014, 9:35 AM
    • Airline stocks start off the day with a minor bounce as the developments in Ukraine point to yesterday's Malaysian Air crash being tied to a deliberate action.
    • Sector analysts think yesterday's sell-off was a bit overblown.
    • Early gainers: Delta Air Lines (NYSE:DAL) +1.8%, United Continental (NYSE:UAL) +1.7%, JetBlue (NASDAQ:JBLU) +1.5%, American Airlines Group (NASDAQ:AAL) +2.1%.
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  • Jul. 17, 2014, 3:33 PM
    • Airline stocks have fallen off more than broad market averages following the crash of a Malaysian Airlines flight in the eastern edge of Ukraine.
    • Several global carriers have halted flights over Ukraine.
    • Decliners: Delta Air Lines (NYSE:DAL-3.4%, United Continetnal (NYSE:UAL-3.9%, China Eastern Air (NYSE:CEA-2.2%, American Airlines (NASDAQ:AAL-3.3%, Malaysian Airlines (OTCPK:MLYAF-5.5%.
  • Jul. 15, 2014, 8:27 AM
    • United Continental (NYSE:UAL) could be a target for activist investors, according to Stifel Nicolaus' Joseph DeNardi and Sawyer McKelvey.
    • The analysts think a more aggressive strategy to restructure United's hubs is needed.
  • Jul. 10, 2014, 12:47 PM
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  • Jul. 9, 2014, 5:34 PM
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  • Jul. 9, 2014, 4:45 PM
    • Revenue passenger miles were flat Y/Y, while available seat miles increased 0.8%. The airline's consolidated load factor fell 0.6 points to 87.1%.
    • The performance looks to lag industry averages for June, but is ahead of UAL's previous expectation, and shares are up 6.1% in after-hours trade.
    • Press release
  • Jul. 9, 2014, 9:14 AM
    • Deutsche Bank calls the airline stocks oversold after concerns on capacity and pricing took a toll on the sector.
    • The investment firm makes the key point that domestic carriers (ALGT, JBLU, RJET, SAVE, LUV) have been dragged down on global trends which don't impact them directly.
    • The long-term outlook by DB on big names such as American Airlines Group (AAL), United Continental (UAL), and Delta Air Lines (DAL) is also favorable with benefits from consolidation still due to roll in.
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  • Jul. 8, 2014, 2:04 AM
    • United Airlines (UAL) has announced it will outsource 637 union jobs (mostly ticket/gate agent and baggage handler positions) at 12 U.S. airports. The company is trying to cut costs in every area it can, after reporting a first-quarter loss in April due to declining revenue and increased costs.
    • "This is a difficult decision, but we need to ensure that our costs are competitive," says United spokeswoman Christen David.
    • Under the outsourcing plan, United Airlines will shift these jobs from its payroll, and hire other companies to provide the employees.
  • Jul. 7, 2014, 11:47 AM
    • Another tough day for airline stocks as worries in the sector over business demand and capacity continue to crop up.
    • Delta roiled the sector last week with a cautious view on second-half profit.
    • The World Cup has put a bigger crimp in business travel to Latin America than expected, according to analysts.
    • Also in the news, both Delta and American Airlines say they will cut flights to Venezuela due to a dispute over cash trapped in the nation.
    • Decliners: Delta Air Lines (DAL) -3.0%, Republic Airways (RJET) -2.9%, American Airlines Group (AAL) -2.5%, United Continental (UAL) -2.0%, Hawaiian Holdings (HA) -1.9%.
  • Jul. 3, 2014, 7:25 AM
    • IATA reports passenger traffic grew by 6.2% in May, marking a deceleration from the 7.6% growth seen in April.
    • International demand was up 7.0%, while domestic demand rose 4.6%.
    • Growth by region: Asia Pacific +7.3%, Europe +6.1%, North America +4.4%, Middle East +13.2%, Latin America +9.1%, Africa +1.9%.
  • Jul. 2, 2014, 11:43 AM
    • Airline stocks are showing weakness after sector leader Delta disappoints with its report on June PRASM.
    • The sector was due for a little bit of a blowoff, according to many industry insiders. Delta's stance that global capacity is on the rise provided the spark.
    • Decliners: United Continental (UAL) -5.4%, Delta Air Lines (DAL) -4.7%, American Airlines Group (AAL) -3.0%, Allegiant Travel (ALGT) -2.9%, Hawaiian Holdings (HA) -2.2%, JetBlue Airways (JBLU) -2.0%, Alaska Air Group (ALK) -2.0%.
  • Jun. 26, 2014, 9:33 AM
    • "We expect operating results to continue to lag peers," says analyst Bob McAdoo, cutting United Continental (UAL -0.6%) to Neutral with $47 price target (from $55). He notes Q1 pre-tax earnings were shy of Delta and American by about $1B each, and UAL's stock has lagged similarly.
  • Jun. 18, 2014, 3:08 PM
    • Perhaps a surprise, but it's Allegiant Travel (ALGT +1%) that is the airline stock which has generated the best return on invested capital over the last year, according to Deutschce Bank.
    • The industry (AAL, LUV, DAL, UAL) as a whole is still realizing plenty of merger benefits and capacity gains.
    • Though the investment firm is still bullish on most of the group, JetBlue (JBLU -0.1%) and Republic Airways (RJET +0.8%) might present the most upside, reasons DB.
  • Jun. 16, 2014, 2:53 PM
    • United Continental (UAL -1.2%) announces a joint labor agreement between United Airlines dispatchers and a labor union repping transport workers and flight controllers has been struck.
    • The company is tackling negotiations with the Teamsters and a flight attendants' union next.
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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