United Airlines delivered first quarter results that surpassed Wall Street’s revenue and profit expectations, despite operating in a softer demand environment. Management attributed the company’s resilience to an increased focus on brand loyal customers, with CEO Scott Kirby highlighting, “United’s performance is strong even in this weak environment because we’ve won the battle for brand loyal customers.” The quarter was shaped by disciplined cost management, a shift in capacity away from off-peak domestic flights, and continued investments in customer experience, including improved on-time performance and upgrades to inflight amenities. While premium cabins and loyalty revenue remained bright spots, the main cabin segment faced softness as more price-sensitive consumers pulled back on travel.
In a note to employees dated Monday, Joanna Geraghty said the company is still relying on borrowed cash for its operations and also noted that it will pause retrofitting and park some of its Airbus jets in the fleet to trim operational costs.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran.
Investors embraced a risk-on mood Monday, showing optimism that Iran might seek a diplomatic solution to the crisis despite continued hostilities with Israel.
Let's have a look at what is happening on the US markets in the middle of the day on Monday. Below you can find the top S&P500 gainers and losers in today's session.
Shares of airline company United Airlines Holdings (NASDAQ:UAL)
fell 5.1% in the morning session after Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East.
Curious about the market action on Friday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Shares of Lockheed Martin, RTX, and other defense companies rose after Israel struck over 100 targets in Iran, while travel stocks fell on concerns around the rising cost of crude oil.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
Wall Street traded cautiously on Thursday midday, with major indexes mostly flat while the U.S. dollar slumped to over two-year lows, as investors digested a double dose of soft inflation and a surprise uptick in jobless claims that further bolstered expectations for interest rate cuts.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
