Airlines stocks: Following the release of the company’s better-than-expected fourth-quarter earnings and revenue, shares of United Airlines increased by almost 4% on Tuesday.
- Important Points
- Tuesday saw gains in the stocks of Alaska, American, United, and Southwest Airlines amid a busy week for airline earnings releases.
- Spirit’s stock increased once more, continuing its turbulent trend.
- In an interview on Tuesday, United CEO Scott Kirby stated that the airline anticipates a rise in business travel in 2024.
The airline reported that bookings for 2024 had been strong thus far, and it achieved its full-year adjusted profitability objective of between $10 and $12 per share in 2023. The announcement begins a hectic week filled with airline earnings reports. On Thursday, American, Southwest, and Alaska are all expected to release their quarterly updates.
Midmorning on Tuesday, shares of those three carriers had each increased by almost 3%. After the company released its fourth-quarter profits earlier this month, Delta’s shares were up almost 2%. Due to the grounding of Boeing 737 Max 9 aircraft this month, United predicted a first-quarter loss. However, CEO Scott Kirby told in a Tuesday interview that the airline is seeing a rise in business travel in 2024.
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Even though the year is just two weeks old, business travel has increased. In terms of revenue, we’re back now—at least higher than we were in 2019—Kirby said to Phil LeBeau. Although United’s shares have not changed much this year, they have decreased by around 30% from their July 2023 52-week high of $58.23. Spirit Airlines’ stock increased by almost 12% on Tuesday after experiencing a turbulent week due to a federal judge blocking the carrier’s proposed merger with JetBlue. The stock of JetBlue was up almost 3%.
Frequently asked question
Will United Airlines stock go up?
based on the eight Wall Street analysts who have offered United Airlines Holdings 12-month price predictions in the previous three months. With a high projection of $75.00 and a low forecast of $40.00, the average price target is $58.13. The change from the previous price of $39.40 to the average price objective is 47.56%.
What is the earnings forecast for United Airlines?
United added that it projects an adjusted profit per share for the entire year 2024 of $9 to $11. This contrasts with the $9.48 per share Wall Street average expectation, per FactSet. At the close of business, shares increased 5.8%. United reported an adjusted profit per share of $10.05 for the entire year 2023.
What are the financial results of United Airlines 2023?
The firm met its initial full-year objective of $10 to $12 at the beginning of 2023, delivering full-year diluted earnings per share of $7.89 and adjusted full-year diluted earnings per share1 of $10.05.
What time does United report earnings?
United Airlines Holdings (UAL) releases its earnings reports when? On January 22, 2024, after close, United Airlines Holdings (UAL) is scheduled to release earnings. When is the earnings period for United Airlines Holdings (UAL)? The results date for United Airlines Holdings (UAL) is January 22, 2024, After Close Not Confirmed.
What is the profit margin for United Airlines?
The percentage of revenue that a business keeps as income after deducting expenses is known as its profit margin. As of September 30, 2023, United Airlines Holdings Inc.’s net profit margin is 5.45%. Chicago serves as home of United Airlines Holdings.
What are the most profitable Airlines?
| Rank | Airline | Market cap. |
|---|---|---|
| (US$ billions) | ||
| 1 | Delta Air Lines | 21.81 |
| 2 | American Airlines Group | 9.05 |
| 3 | United Airlines Holdings | 14.7 |
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