United's new management is impressive, but the flight to higher profits will hit turbulence in 2017.
No-moat United Airlines held its earnings call today after releasing full year and fourth quarter financial results for 2016 yesterday. Despite United's typically poor first quarter and Easter falling into the second quarter of 2017, we're a bit disappointed in first quarter 2017 guidance for passenger revenue per available seat mile. Management's outlook confirms our view that 2017 will be a tougher year for the airlines and United is no exception. We believe revenue will grow in 2017, but 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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