On June 5th, 2016, the I Know First algorithm issued a bullish forecast for United Continental Holdings Inc. (UAL). UAL had a signal of 307.41 and a predictability of 0.76. As a result, in accordance with the forecast, the company’s stock increased by 85.17% in just 1 year, showing a quick win by the algorithm.

United Continental Holdings Inc. (UAL) operates as the parent company for United Airlines. United Airlines transports people and cargo through its mainline and regional operations. The company operates within: Domestic (U.S. and Canada), Pacific, Atlantic, and Latin America.

United Continental Holdings Inc. reported full-year net income of 2.9 billion in 2016. Quarter 1 f 2017 showed a 6.9% increase in the number of mainline passengers  from the previous year. Revenue passenger miles also increased by a total of 3.2%. As detailed in the latest quarterly report, UAL had a quarterly revenue of $8.4 billion, a 2.7% increase year-over-year.

United Airlines owns aviation rights spanning five continents, giving the company a strategic route advantage over their competition. Even still they are constantly striving for improvement, with the expectation of adding 31 future destinations to their current route network. A recently developed program, Launched United Jetstream, offers customers an intuitive system to satisfy their individual travel preferences. In addition, ULA achieved a record-setting streak of 25-cancellation free days within the first quarter of 2017.

As a result of these factors, we can see why UAL’s stock price increased.

This bullish forecast on UAL was sent to current I Know First subscribers on June 5, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.