UAL Stock Forecast: Buy United Airlines Stock While Its Down
The article was written by Jessica Kremer - Analyst at I Know First.
Summary:
- Airlines are all still struggling to recover from COVID-19, with many investors believing they will not fully rebound until a vaccine is discovered.
- Despite this, passenger capacity is expected to increase to 25% of its 2019 level in July, compared to 10% available capacity in May and June.
- Although the company reported an adjusted net loss of $639 million and pre-tax loss of $1.0 billion in Q1, during the month of June the stock has increased, leading me to my buy option.