United Reports Results Following Market Close, $76 FVE Maintained While We Wait for Earnings Call
Following market close, no-moat United Airlines reported fourth-quarter and full-year 2016 results that beat consensus. We’re encouraged by the recent evolution in passenger revenue per available seat mile, which only fell 1.6% year over year in the fourth quarter of 2016. However, international PRASM dropped 2.2% on the back of continued weakness in the Pacific and Atlantic regions. Management expects PRASM to be flat year over year in the first quarter of 2017. Despite sequentially improving P...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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