tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

United Airlines says supply ‘deja vu all over again’

United Airlines (UAL), on its Q2 earnings conference call, said that from a supply perspective, “it’s deja vu all over again.” United said this is almost the exact same setup as a year ago at this time, with weak RASM results across the industry, leading to supply cuts starting in mid August leading to better margin results, which then led to strong stock price performance. Demand, while it stabilized, was about five points weaker in the first half of the year than United was expecting at the start of the year.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1