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Stock impact report

UPDATE 1-United Airlines CEO doubles down on growth strategy as stock rides tailwind [Reuters]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: Reuters
United Airlines CEO doubles down on growth strategy as stock rides tailwind | Reuters 4 Min Read CHICAGO (Reuters) - With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction. The No. 3 U.S. air carrier is forging ahead with a strategy to boost its flight network by another 4 percent to 6 percent next year after an estimated 5 percent network growth in 2018, Munoz, CEO of United Airlines since 2015, said on Wednesday. The growth plan has allowed United to claw back market share in a competitive U.S. airline sector and boost its profitability. Traditionally capacity growth in the airline business has come at a cost to yields because it can drive down fares. So far, United has bucked the industry trend, increasing unit revenues - a closely watched metric that compares airlines’ sales to available seat miles - at a faster pace than rivals American Airlines ( AAL.O ) and Delta Ai Show less Read more
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