United Airlines Inks Codeshare Deal With India's Vistara
United Continental Holdings, Inc.’s UAL subsidiary United Airlines has entered into a codeshare agreement with Vistara, a New Delhi, India-based airline. The deal, set to be effective this fall, will expand the carrier’s international network to cover more than 20 destinations across India.
United Airlines began operations to India in 2005 with year-round daily nonstop flights connecting New York/Newark with Mumbai and New Delhi. On Dec 5, the carrier will launch a seasonal service between San Francisco and New Delhi. By offering business and leisure travelers better connectivity to India, this nonstop service from the carrier’s key West Coast hub should attract substantial traffic.
Per the agreement, connecting flight options will be available for United Airlines’ passengers travelling from the United States. Further, United MileagePlus members will be able to earn and redeem frequent flyer miles on all Vistara routes. Passengers will also enjoy a coordinated customer service between United Airlines and Vistara. Moreover, travelers will have the privilege of single-ticket booking and checked baggage to their final destination. With government approval, United Airlines will market its UA code on more than 20 Vistara flights.
United Continental Holdings, Inc. Price
Zacks Rank & Key Picks
United Continental carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Air China Ltd. AIRYY, SkyWest, Inc. SKYW and GATX Corporation GATX. While Air China sports a Zacks Rank #1 (Strong Buy), SkyWest and GATX carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China and SkyWest have gained more than 9% and 35%, respectively, so far this year. Meanwhile, GATX boasts an impressive earnings record, having outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16%.
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