Imperial Capital Raises Price Target on United Airlines (UAL) to $63
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Top U.S. airlines forecast better third-quarter profit margins, revenue
October 11, 2016 8:38 AM EDT(Reuters) - American Airlines Group Inc (NASDAQ: AAL) and United Continental Holdings Inc (NYSE: UAL) on Tuesday forecast improved profit margins and unit revenue for the third quarter, as travelers spent more on last-minute trips in September than expected.
... MoreUnited Airlines (UAL) Load Factor Rose 0.3 Points in Sept. 2016
October 11, 2016 7:37 AM EDTUnited Airlines (Nasdaq: UAL) reported September 2016 operational results.
UAL's September 2016 consolidated traffic (revenue passenger miles) increased 3.9 percent and consolidated capacity (available seat miles) increased 3.6 percent versus September 2015. UAL's September 2016 consolidated load factor increased 0.3 points compared to September 2015.
The company now expects third-quarter 2016 consolidated passenger unit revenue to decline 5.5 to 6.0 percent compared to the third quarter of 2015. The year-over-year performance was primarily impacted by a strong U.S. dollar, lower surcharges, travel reductions from customers impacted by lower oil prices, competitive actions and passenger demand not growing at the same pace as industry capacity.... More
Bernstein Starts United Continental (UAL) at Market Perform
October 10, 2016 4:29 PM EDTBernstein initiated coverage on United Continental (NYSE: UAL) with a Market Perform rating and a price target of $55.00.
For an analyst ratings summary and ratings history on United Continental click here. For more ratings news on United Continental click here.
Shares of United Continental closed at $52.82 yesterday.
... MoreDelta had best-ever summer traffic; adds computer backup: CEO
October 7, 2016 10:56 AM EDTBy Alwyn Scott
NEW YORK (Reuters) - Delta Air Lines (NYSE: DAL) this year carried the most passengers in a summer ever, despite a computer outage in August, Chief Executive Officer Ed Bastian said on Friday.
"We had the strongest summer in our history," Bastian said at an event in New York, adding that three days in July "set all-time records in terms of volume of traffic and volume of passenger flows."
... More
