United Airlines Soars High: Q4 Earnings to Reflect Rebound in Air Travel Demand; Revenue set to Take off by 49%
United Airlines (NASDAQ: UAL) is set to announce its fourth-quarter earnings on January 17, with a rebound in air travel demand expected to support the company’s performance. Analysts are predicting the company to post earnings of $2.11 per share in Q4, compared to a loss of $1.60 in the prior-year period. Meanwhile, revenue expectations are pegged at $12.2 billion, representing a year-over-year jump of about 49%.
The company is expected to have benefitted from a recovery in commercial travel demand and continued momentum in leisure travel.
However, the company’s bottom line may have been affected by volatile aircraft fuel costs and salary hikes paid to pilots. Additionally, bad weather during the peak holiday season may have also impacted its performance in Q4.
Future Outlook for United Airlines
United Airlines Holdings Inc (NASDAQ: UAL) is seeing a positive outlook from analysts, with a consensus forecast of a 12-month target price of USD 50.73. With an average analyst rating of “Buy”, the company is poised for growth in the near future. However, Stock Target Advisor’s own analysis of the company is “Slightly Bearish,” based on 3 positive signals and 6 negative signals. Despite this, the company’s stock price has seen a significant increase in recent weeks and months, closing at USD 51.65 at the last trading session. The stock has seen a strong performance with a change of +22.28% over the past week, +33.98% over the past month, and +10.50% over the past year.
About United Airlines Holdings Inc
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois
