Tag: United Airlines
One of 2018’s top airlines, United Airlines stock has struggled to gain altitude in 2019. UAL has returned ~9% YTD, lagging the broader market.
The year so far hasn’t gone well for airline stocks, as the majority have underperformed the broader markets. The US Global Jets ETF (JETS) is up just 1.2% year-to-date.
The worldwide flying ban on Boeing’s 737 MAX planes has entered its sixth month, hurting every airline that either owns or has ordered the model.
Southwest Airlines, American Airlines, and United Airlines own 72 Boeing (BA) 737 MAX planes. The airlines have already lost billions of dollars in foregone revenues.