UPDATE 3-U.S. airline shares sink after United spurs price war fears [Reuters]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Reuters
Airline shares sink after United Air spurs price war fears | Reuters 3 Min Read (Reuters) - Shares of United Continental Holdings Inc ( UAL.N ) plummeted in Wednesday morning trading, triggering a drop in shares across the sector, after it promised to increase capacity and compete head-to-head with budget carriers, stirring fears of a deepening industry price war. United shares fell 12.65 percent to $68.15 in midday trading as investors reacted to the carrier’s plan to add more seats on its routes and aggressively compete with low-cost rivals in the hopes of eventually improving its sagging bottom line. The dramatic drop in the share price is the second such fall in as many quarters, as the Chicago-based airline has struggled to maintain control of its U.S. hubs amid increased competition from budget rivals. “The best way to compete with a low-cost carrier is match their prices,” United President Scott Kirby told analysts and investors on Tuesday. “We can’t let low-cost carriers hav
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UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website