United Airlines (UAL) to Add 8 New Routes for Winter Travel
As leisure-travel demand continues to improve, United Airlines Holdings, Inc. UAL plans to introduce eight new routes and increase services to 19 destinations (in Mexico, the Caribbean and Latin America) for the winter travel period.
As part of its expansion initiative, United Airlines aims to begin new non-stop services connecting Denver with Belize City, Belize and San Jose, Costa Rica from December. From Dec 19, United Airlines is going to launch new Saturday service between Los Angeles and San Jose, Costa Rica which expands to daily service on Jan 5, 2021. Moreover, the airline is also set to begin services connecting Los Angeles with San Pedro Sula, Honduras and Liberia, Costa Rica on Dec 17 and Jan 8, respectively. The flights will operate thrice a week.
Apart from launching these services, the carrier also plans to increase frequency for few routes. The airline plans to increase flights connecting Los Angeles with Guatemala City (10 times per week), Liberia, Costa Rica (three times) and San Salvador, El Salvador (11 times). Some of the other routes where the carrier will expand services for winter travel are between Washington Dulles and Cancun; San Francisco and Cancun.
Through this move, United Airlines aims to generate revenues and boost flying opportunities. It is expected to boost the top line in the near term amid severe coronavirus-induced crisis.
Zacks Rank & Key Picks
United Airlines carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Transportation sector are J.B. Hunt Transport Services, Inc. JBHT , Werner Enterprises, Inc. WERN and Knight-Swift Transportation Holdings Inc KNX. While J.B. Hunt carries a Zacks Rank #2 (Buy), Werner and Knight-Swift sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term expected earnings per share (three to five years) growth rate for J.B. Hunt, Werner and Knight-Swift is pegged at 15%, 8.5% and 15%, respectively.
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