Bull of the Day: UAL Corporation (UAUA)

We are maintaining our Outperform recommendation on UAL Corporation (UAUA). The company’s second-quarter results surpassed the Zacks Consensus Estimate and recorded its highest quarterly profit in 11 years.

Despite the ongoing weather challenges, earnings were driven by good capacity control, increased passenger revenue and lower-than-expected costs. We expect United Airlines to benefit from reviving economy, solid on-time performance, strong execution, competitive costs and increased business travel demand.

The company continues to strengthen its network, fleet and competitive position with lower costs. Moreover, United Airlines will become the world’s largest airline following its merger with Continental Airlines.

UAL CORP (UAUA): Free Stock Analysis Report

About Zacks Investment Research 1766 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.