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UNITED AIRLINES HOLDINGS, INC.

(UAL)
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United Airlines sees threat to transatlantic travel from Omicron

12/02/2021 | 03:12pm EST
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop

(Reuters) - The Omicron variant of COVID-19 is a threat to translantic travel, United Airlines Holdings Inc said on Thursday, confirming its chief executive officer's comments to the Financial Times.

The airline will have less flying to Europe than it would have in January due to the new variant, CEO Scott Kirby had told the newspaper.

Transatlantic routes - the most lucrative long-haul market -accounted for up to 17% of 2019 passenger revenues for the major U.S. carriers.

Kirby fears passenger numbers will drop on some of its key routes after Omicron's discovery, but he does not expect a change in United's overall outlook, the FT reported.

The company said in an emailed statement that it would continue to monitor the situation and make adjustments to its schedule as necessary.  

(Reporting by Aishwarya Nair and Kannaki Deka in Bengaluru; Editing by Anil D'Silva)


ę Reuters 2021
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Analyst Recommendations on UNITED AIRLINES HOLDINGS, INC.
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Financials (USD)
Sales 2021 24 458 M - -
Net income 2021 -2 042 M - -
Net Debt 2021 22 099 M - -
P/E ratio 2021 -7,50x
Yield 2021 -
Capitalization 14 769 M 14 769 M -
EV / Sales 2021 1,51x
EV / Sales 2022 0,86x
Nbr of Employees 85 300
Free-Float -
Chart UNITED AIRLINES HOLDINGS, INC.
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United Airlines Holdings, Inc. Technical Analysis Chart | UAL | US9100471096 | MarketScreener
Technical analysis trends UNITED AIRLINES HOLDINGS, INC.
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 45,61 $
Average target price 58,00 $
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
J. Scott Kirby Chief Executive Officer & Director
Brett J. Hart President
Gerald Laderman Chief Financial Officer & Executive Vice President
Edward M. Philip Non-Executive Chairman
Linda P. Jojo Chief Digital Officer & Executive VP-Technology