IB Net Payout Yields Model

United Airlines: Soaring To New Heights

  • United Airlines reported another strong quarter for December, easily smashing analyst estimates.
  • The legacy airline guided to 2023 EPS of $10 to $12, far above analyst estimates.
  • Domestic air travel spending remains below pre-COVID levels of GDP providing solid growth potential in 2023.
  • The stock is far too cheap with the profit machine being unleashed and industrial transport stocks trading at up to 3x the P/E multiple of United Airlines.
Despite knowing legacy airlines were posting near record holiday earnings, United Airlines (NASDAQ:UAL) only trades at approximately half of pre-COVID levels. The airline actually reported shockingly strong guidance for 2023. My investment thesis remains ultra bullish on

Read the full article on Seeking Alpha. 

Disclosure: Long UAL. Please review the disclaimer page for more details. 


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