Why the Numbers Just Don't Add Up to Buy United Airlines
It seems as though every month the improving fundamentals in the airline sector make it worth scouring the group for a cheap pick. Inevitably, United Airlines (NYSE: UAL ) pops up on the list with either a low price-to-sales multiple or a lagging stock price. Every time, though, the numbers just don't justify buying the stock.
United Airlines is now the second-largest domestic airline in terms of revenue behind the new American Airlines Group (NASDAQ: AAL ) . United operates more than 5,300 flights a day to more than 360 airports across six continents.
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