Reported 3 months ago
Shares of United Airlines (UAL) declined in after-hours trading following mixed second quarter results due to the industry facing oversupply with excess capacity leading to reduced revenue outlook. Concerns include lower capital expenditures, Boeing's slower deliveries, and a potential slowdown in the fall as summer bookings decline, with the need for new planes from Boeing impacting United's future plans. The analyst highlights post-COVID travel's peak, increased domestic market capacity, and competition from budget carriers affecting major airlines targeting profitable front-end passengers.
Source: YAHOO