Report
Chris Higgins
EUR 101.80 For Business Accounts Only

New management will improve the carrier, but United's flight to higher profits will be turbulent.

On Jan. 23, no-moat United Airlines reported fourth-quarter and full-year 2017 results. While we like the hub optimization strategy laid out following the results release, we think United still has a long row to hoe to right its operations and these fixes will likely entail near-term pain. After results beat expectations shares rose, but the subsequent discussion revealed aggressive capacity expansion coupled with flat year-over-year operating margins in 2018. This spooked investors, and shares ...
Provider
Morningstar
Morningstar

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Chris Higgins

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