| Close | Chg | Chg % |
|---|---|---|
| $35.42 | -0.26 | -0.73% |
Why did United Airlines stock hit a new 52-week low?
Shares of United Airlines Holdings ( UAL) hit a new 52-week low of $30.87 on Monday as the Ukraine-Russia headlines and the prospect for higher jet fuel prices continued to power down expectations for a full post-pandemic recovery in the summer of 2022.
Can an earnings miss keep United Airlines (UAL) stock down today?
An earnings miss can’t keep United Airlines Holdings (NASDAQ: UAL) stock down today. UAL is up more than 10% after the company issued its first quarter earnings report after the closing bell on Wednesday.
Why are airline stocks down today?
The loss is no surprise, as airlines continue to be weighed down by a lack of travel demand due to the pandemic. The stocks lost significant value in 2020 as COVID-19 spread, but the shares have recovered some of what was lost so far in 2021 on hopes that as a vaccine rollout happens travel demand will rebound. That rebound is clearly happening.
What drove United’s first-quarter loss?
On Monday evening United reported a first-quarter adjusted loss of $7.50 per share on revenue of $3.2 billion, falling just short of the consensus estimate of a $7.05-per-share loss on $3.27 billion in revenue. Total revenue declined 59.6% year over year, as expected, but higher-than-expected payroll and maintenance costs weighed on results.
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Why is UAL dropping?
United Airlines Holdings (UAL -14.6%) fell sharply on Monday on concerns that higher jet fuel prices will cut into Q1 profitability. Volume on UAL was over 36M shares.
Is It a Good Time to Buy United Airlines stock?
We rate UAL as a buy with a price target for the year ahead at $55.00 representing an 8.5x P/E multiple on the current 2023 consensus EPS.
What is the prediction for United Airlines stock?
Stock Price Forecast The 19 analysts offering 12-month price forecasts for United Airlines Holdings Inc have a median target of 60.00, with a high estimate of 86.50 and a low estimate of 38.00. The median estimate represents a +35.01% increase from the last price of 44.44.
Why is UAL stock so low?
The shares of United Airlines (NASDAQ: UAL) have trended downward due to fears of low air travel demand in the fourth quarter. While the ongoing surge in coronavirus cases due to the delta variant is likely to cause near-term uncertainty, long-term trends look favorable for the stock.
Is United airlines going out of business?
Two largest airlines of the USA might be declared bankrupt in the nearest future according to the financial analysts.
Is United a buy or sell?
United Airlines has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 9 buy ratings, 7 hold ratings, and 1 sell rating.
Is UAL undervalued?
There are a wide range of outcomes with UAL undervalued anywhere from 9%-170% depending on 2026 earnings estimates.
Is Delta a buy or sell?
The 17 analysts offering 12-month price forecasts for Delta Air Lines Inc have a median target of 54.00, with a high estimate of 70.00 and a low estimate of 45.00. The median estimate represents a +86.40% increase from the last price of 28.97.
How high will GM stock go?
The average 12-month GM stock price target was $65.90, with a 66.5% upside potential. Analysts forecast that the GM share price could reach $98 or fall to $44.
Will United Airlines stock increase?
Shares of United Airlines UAL +5.08% traded higher Tuesday after the airline said it expects passenger revenue in the second quarter to rise as much as 25% from 2019. In a filing, United (ticker: UAL) said it anticipates total revenue per available seat mile rising 23% to 25% in the second quarter from 2019 levels.
How has United Airlines' stock price performed in 2022?
United Airlines' stock was trading at $42.88 at the beginning of the year. Since then, UAL shares have decreased by 4.0% and is now trading at $41....
How were United Airlines' earnings last quarter?
United Airlines Holdings, Inc. (NYSE:UAL) released its earnings results on Wednesday, April, 20th. The company reported ($4.24) EPS for the quarter...
Who are United Airlines' key executives?
United Airlines' management team includes the following people: Mr. J. Scott Kirby , CEO & Director (Age 55, Pay $1.12M) Mr. Brett J. Hart , Pr...
Who are some of United Airlines' key competitors?
Some companies that are related to United Airlines include Teekay LNG Partners (TGP) , Noble Midstream Partners (NBLX) , Pacific Assets Trust (P...
What is United Airlines' stock symbol?
United Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "UAL."
How do I buy shares of United Airlines?
Shares of UAL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull...
What is United Airlines' stock price today?
One share of UAL stock can currently be purchased for approximately $41.16.
How much money does United Airlines make?
United Airlines (NYSE:UAL) has a market capitalization of $13.45 billion.
How many employees does United Airlines have?
United Airlines employs 74,400 workers across the globe.
How much liquidity did United have in 2023?
Conditions are clearly improving, and United had $21 billion in total liquidity at quarter-end to make sure it can ride out whatever storm clouds remain on the horizon. The issue is 2023 is a long time away.
Is United Airlines losing money in 2020?
Image source: United Airlines Holdings. The loss is no surprise, as airlines continue to be weighed down by a lack of travel demand due to the pandemic. The stocks lost significant value in 2020 as COVID-19 spread, but the shares have recovered some of what was lost so far in 2021 on hopes that as a vaccine rollout happens travel demand will ...
How much did United lose in the first quarter?
On Monday evening United reported a first-quarter adjusted loss of $7.50 per share on revenue of $3.2 billion, falling just short of the consensus estimate of a $7.05-per-share loss on $3.27 billion in revenue.
How much liquidity did United have in 2023?
Conditions are clearly improving, and United had $21 billion in total liquidity at quarter-end to make sure it can ride out whatever storm clouds remain on the horizon. The issue is 2023 is a long time away.
What happened
Shares of United Airlines Holdings ( UAL 4.06% ) traded down nearly 4% on Tuesday afternoon. Earlier in the day, the airline announced it was raising added cash, but the stock appears to be moving more on fears about a resurgence in the coronavirus than they are based on company-specific news.
So what
Airlines have been hit hard by the COVID-19 pandemic, with shares of United down nearly 60% year to date. The stock was down more than 75% earlier this year as investors worried a 90%-plus drop in travel demand would force airlines into bankruptcy, but the stocks have recovered somewhat as demand has bounced off its lows.
NASDAQ: UAL
The airline is effectively getting an advance on future revenue it would earn selling frequent flier miles to partners.
Now what
This is a difficult time to be invested in airline stocks. In the worst-case scenario, a sustained second wave of the pandemic strikes and cuts revenue to near zero for an extended period. That would almost certainly lead to some bankruptcies.
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