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 () 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
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