New management will improve the carrier, but United's flight to higher profits will be turbulent.
On June 17, no-moat United Airlines reported second-quarter results above Street expectations and previous guidance. Management raised earnings per share projections and dialed back capacity additions for the second half of 2018. While yields showed moderate growth, passenger revenue moved considerably higher on the back of added capacity in key markets. We raised our projected passenger revenue per available seat mile for 2018, in concert with United’s second-quarter finish and management’s lat...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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