With short-haul leisure travel leading the recovery, United's traditional reliance on business travel and long-haul international routes will drag down its near-term performance.
News & Analysis: United Airlines Holdings
An upsurge in the global pandemic is stoking fear.
Earnings fail to excite investors.
The first quarter is likely to come up a bit short of expectations.
It's surprising to see hope lifting so many stocks in hard-hit industries.
The airline giant has suddenly reversed course on its plans to limit near-term spending on new aircraft.
Lots of weekend news is suggesting better times ahead for the industry.
The board has authorized sale of additional stock.
The company is merging with a SPAC to access public markets.
Management hopes to entice investors with a bullish long-term outlook, but United Airlines may be overconfident about the future trajectory of demand.