Why United Airlines Stock Soared 12% to Its Highest Level Since Early 2020
UALUnited(UAL) Investopedia·2024-10-17 05:55

Key Takeaways United Airlines was the best-performing stock in the S&P 500 on Wednesday, gaining 12% and trading at its highest level since February 2020, when the spread of Covid-19 first began to rattle travel stocks. United executives said the U.S. airline industry had reached an "inflection point," and forecast yields and margins would improve next year. Business travel, executives said, has continued to recover from its pandemic slump, helping to push U.S. airport traffic to record highs. United Airlin ...