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United Airlines said on Friday it has signed a new deal with Elon Musk's Starlink for in-flight internet services.
SpaceX has previously inked deals with Hawaiian Airlines and semi-private airline JSX. Delta and other carriers have been investing in faster inflight Wi-Fi and offering it for free.
The head of the Federal Aviation Administration said on Wednesday that the agency has nearly completed the review of United Airlines it opened in March to ensure the carrier's compliance with safety regulations.
United Airlines' strong financials and record passenger demand position it for robust shareholder returns despite industry volatility and high debt obligations. The company's low P/E ratio and strategic debt repayment highlight its financial health and potential for increased profitability. United Airlines' operational excellence, including record passenger numbers and improved on-time performance, underscores its competitive edge.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
United Airlines' stock is undervalued at 4.6X forward earnings, with a potential upside of 30% if it re-rates to a 6X EPS multiple. Profitability has been strong due to capacity limitations, but load factors have started falling. Consumer sentiment has softened, but lower oil prices could help United meet its earnings guidance of $9-$11 per share.
United Airlines' environment-friendly approach is praiseworthy. However, weak liquidity and pricing power represent major headwinds.
CHICAGO , Aug. 29, 2024 /PRNewswire/ -- United will present at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, beginning at 12:50 p.m. PDT. The live webcast will be available on the investor relations section of United's website at ir.united.com.
Flight attendants at United Airlines have voted in favor of a strike authorization, the Association of Flight Attendants-CWA said on Wednesday.
United Airlines (UAL) closed the most recent trading day at $42.14, moving -1.5% from the previous trading session.