New management will improve the carrier, but United's flight to higher profits will be turbulent.
During its second-quarter earnings call, no-moat United Airlines reported improvement in on-time performance and completion rate, which indicates that the turnaround is gaining traction. However, guidance of weak passenger revenue per available seat mile, or PRASM, for the third quarter, coupled with United’s significant domestic capacity expansion, means we’re not increasing our financial forecasts for 2018 and beyond. That said, persistently low fuel prices did lead us to bump up our 2017 oper...United Airlines Holdings is a holding company and its principal, wholly-owned subsidiary is United Airlines, Inc. (United). The company is engaged in the transportation of people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The company, through United and its regional carriers, operates flights to airports, with its hubs at Newark Liberty International Airport, Chicago O'Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.
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