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UAL - United Continental

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Apr 1, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

    [​IMG]

    [​IMG]

    United Continental Holdings, Inc. (UAL) (formerly UAL Corporation) is a publicly traded airline holding company headquartered in the Willis Tower in Chicago. UCH owns and operates United Airlines, Inc. The company is the successor of UAL Corporation, which agreed to change its name to United Continental Holdings in May 2010, when a merger agreement was reached between United and Continental Airlines. Its stock trades under the UAL symbol. To effect the merger, Continental shareholders received 1.05 shares of UAL stock for each Continental share, effectively meaning Continental was acquired by UAL Corporation; at the time of closing, it was estimated that United shareholders owned 55% of the merged entity and Continental shareholders owned 45%. The company or its subsidiary airlines also have several other subsidiaries. Once completely combined, United became the world's largest airline, as measured by revenue passenger miles. United is a founding member of the Star Alliance.

    UCH has major operations at Chicago–O'Hare, Denver, Guam, Houston–Intercontinental, Los Angeles, Newark (New Jersey), San Francisco, Tokyo–Narita and Washington–Dulles. UCH's United Air Lines, Inc. controls several key air rights, including being one of only two American carriers authorized to serve Asia from Tokyo-Narita (the other being Delta Air Lines). Additionally, UCH's United is the largest U.S. carrier to the People’s Republic of China and maintains a large operation throughout Asia.

    UCH uses Continental's operating certificate and United's repair station certificate, having been approved by the FAA on November 30, 2011.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    United Airlines, machinists union reach deal on new contracts

    United Airlines and the International Association of Machinists & Aerospace Workers (IAM) reached tentative agreements on new contracts for nearly 30,000 IAM-represented employees.

    The seven agreements, which run through 2021, call for nearly 30 percent in pay increases over the term of the deal and $100 million in lump sum payments, the IAM said.

    The agreements are subject to ratification by the IAM-represented employees, United Airlines said.

    The IAM members will vote on the accords on April 15.

    The agreements cover airport operations employees, contact center agents, storekeepers, maintenance instructors, central load planners, fleet technical instructors and related employees, and security officers.

    United's management has made securing labor contracts a top focus following a leadership change in September.

    For years, the company struggled to conclude joint contracts for flight attendants and maintenance workers following the 2010 merger of United and Continental, hurting workers' morale.
     
  3. T0rm3nted

    T0rm3nted Moderator
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    United Airlines to agree with funds to revamp board

    United Continental Holdings Inc (UAL) will likely comply with two hedge funds' request and add additional directors to its board, including an independent chairman, CNBC reported on Monday.

    An agreement with the funds, PAR Capital Management Inc and Altimeter Capital Management LP, may come within the next week, CNBC reported, citing unidentifed sources. (cnb.cx/1Q3G2uw)

    The funds, which together own about 7 percent of the U.S. airline, launched a fight for control in March, proposing a slate of directors led by industry legend Gordon Bethune to shake up the board of the poorly performing airline.

    United tried to placate shareholders by expanding its board by three new directors in March. The new appointments included James Whitehurst, former chief operating officer of Delta Air Lines Inc (DAL) and Robert Milton, former chief executive officer of Air Canada (AC).


    LINK - http://www.reuters.com/article/us-ual-board-idUSKCN0X9013
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today:
    Earnings: EPS $1.23 and revenue $8.2B
    Estimates: EPS $1.18 and revenue $8.21B
     
  5. bigbear0083

    bigbear0083 Content Manager
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    Computer glitches at UAL this morning
    • United Continental — United suffered a computer glitch that temporarily delayed thousands of United Airlines passengers on flights worldwide. The airline does say the problem has now been resolved.
     
  6. bigbear0083

    bigbear0083 Content Manager
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    UAL reporting Q3 ER after market close today:
    [​IMG]

    United Airlines (UAL) reports third-quarter earnings after the market close today. The carrier's conference call takes place on Tuesday. Here's a look at what to expect.

    Estimates: Earnings per share of $3.06, down 32% and potentially marking the third consecutive quarter of declines for the company. Revenue is expected to fall 4% to $10.3 billion.

    United said last week that consolidated unit revenue, an important metric that gauges revenue as it relates to an airline's supply of seats and distance traveled, would fall 5.5%-6.0% during the third quarter. That estimate was better than an earlier forecast for a 5.5%-7.5% drop and was helped by a strong September.

    Stock: Shares fell 0.1% in late afternoon trade in the stock market today. Delta Air Lines (DAL), which reported third-quarter results last week, retreated 1.7%. American Airlines (AAL), which reports Thursday, was off 0.7%.

    Why It Matters: With oil prices rising, the cheap-fuel tailwind that kept airlines' profits aloft last year is fading. As with other airlines, Wall Street will be looking to see whether United can tighten flight-capacity growth and continue to improve unit revenue in the fourth quarter and next year.

    Fare cuts, expansion and the stronger dollar have hurt unit revenue. But Delta has said that rising oil prices in the fourth quarter could prompt the airline industry to pass costs onto travelers — bad news for passengers but better news for unit revenue.

    Rising oil prices could help United in other ways.

    Raymond James analyst Savanthi Syth wrote last week that "we expect abating competitive pressures and a bullish view on energy benefiting United's Houston hub to have a positive impact on (passenger unit revenue), as well as increased conviction in United's ability to narrow its margin gap relative to peers over the next couple of years."
     
  7. T0rm3nted

    T0rm3nted Moderator
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    It took about 37 phone calls (exaggerating) to get credit with United. My wife and I had a trip to Costa Rica booked but she got pregnant, so we didn't want to take chances with the Zika virus. We heard we could get a refund from United for this issue. It was very difficult, but after hours on the phone, we finally got credit from them that we had to use within a year. We flew to Vegas and then visited my family in Arizona instead. Still got a few hundred left to use with United, but was fairly upset at how long it took to get the refund, and how little time we had to use the credit (considering with a pregnant wife, then a newborn it is hard to travel).
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Stifel
    Change: Coverage Reiterated/Price Target Changed
    Previous Rating: N/A
    Current Rating: Buy
    Previous Price Target: $70
    Current Price Target: $65
     
  9. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Cowen
    Change: Coverage Reiterated/Price Target Changed
    Previous Rating: N/A
    Current Rating: Outperform
    Previous Price Target: $60
    Current Price Target: $71
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    For an airline, this doesn't look so bad. At least the MACD is positive right now. Big volume on 1/31 at the bottom of the Bollinger Band, and a pretty big price range on a red candle. This bounce seems mechanical, rather than strongly supported.
    [​IMG]
     
  11. StockJock-e

    StockJock-e Brew Master
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    Who is booking their next flight? :D
     
  12. Timbo

    Timbo Active Member

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    My calls are booking some sky. To da moon baby..
     
  13. Wolfy

    Wolfy Active Member

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    May hit 65 tomorrow to test the low from last month.
     
  14. Gambit

    Gambit Active Member

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    United Continental's reputation may still be bruised after a passenger was dragged off an overbooked flight last month, but...
    Airline is dealing with another PR nightmare - a giant rabbit died mysteriously in the cargo hold of a United flight a few weeks ago. But investors couldn't be any happier with the company. $UAL reported a strong jump in traffic and capacity for the month of April on Tuesday.That news sent the stock up 5% -- to an all-time high.
     
  15. Timbo

    Timbo Active Member

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    That's the exact reason my news related speculation plays almost always pay off. Kinda like shooting fish in a barrel.
     
  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Taking a hit today.
     
  17. StockJock-e

    StockJock-e Brew Master
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    Down to $70?

    Is it too late for puts?
     
  18. T0rm3nted

    T0rm3nted Moderator
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    With the big news of earnings out of the way, we'll see if it can hold the 200MA which it hasn't dipped below since last September.

    upload_2017-7-21_7-50-39.png
     
  19. KyleLennon

    KyleLennon Member

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    United Continental is being aided by the robust growth in passenger revenues due to strong demand for air travel. Additionally, its projection on unit revenues for the first quarter of 2018 is encouraging. Passenger unit revenues are expected to increase between 1% and 3% in the current quarter.

    Under the leadership of the new CEO, Oscar Munoz, United's management team is an impressive lineup of industry veterans that will turn the company around.
     
  20. KyleLennon

    KyleLennon Member

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    Combined, the Big Four US carriers, which include United, now control more than 80% of the US domestic market. Overcapacity has been reduced, and in 2015 we saw all-time highs for margins, as fuel prices fell but fares held up.
    However, this situation looks to be coming to an end as less restrictive credit markets, available aircraft to lease, and lower fuel prices have encouraged expansion.
     

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