United Airlines Holdings Inc
UAL: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$51.00 | Mczy | Gsdqmmhq |
United Continued to Recover During Q2, but Capacity Remains Constrained by Labor
No-moat-rated United Airlines posted a decent second quarter as demand for air travel surged, but provided a disappointing capacity outlook. Revenue of $12.1 billion and earnings per share of $1.43 missed FactSet consensus estimates by 0.1% and 22.9%, respectively. We are maintaining our $57 per share fair value estimate as we decrease our medium-term capacity outlook and increase our passenger yield and load-factor estimates.