Back to top

United Continental's (UAL) Arm Expands East Coast Services

Read MoreHide Full Article

United Continental Holdings, Inc.’s (UAL - Free Report) wholly owned subsidiary, United Airlines, has announced several new routes from its East Coast hubs at New York/Newark and Washington-Dulles.
 
From New York/Newark, the carrier will offer 15 new routes, namely Burlington, Charleston, Ft. Lauderdale, Fort Myers, Greensboro, Memphis, Nashville, New Orleans, Norfolk, Orlando, Phoenix, Pittsburgh, San Antonio, Sarasota and West Palm Beach. Each will cater to a daily service beginning Oct 4, 2018. Launching additional routes from New York is a strategic decision by the company as the city entails maximum travelers compared with any other of its hubs.

Moreover, the carrier will initiate nonstop seasonal mainline operations connecting New York/Newark with Palm Springs, CA. The seasonal service will be effective Dec 19, 2018 through Mar 30, 2019. Also, United Airlines will increase the frequency of its regional jet service on the New York/Newark-Key West, FL route to a year-round flight from the previous seasonal operation. The service will commence on Oct 4.

Further, the carrier plans to expand service at its Washington-Dulles hub with three extra destinations. The routes have been shifted from Newark hub. The carrier will begin flights to Chattanooga, Ithaca and Scranton from Washington-Dulles starting Oct 4. A CRJ-200 aircraft will be utilized to ply twice daily on the routes.


Zacks Rank & Key Picks

United Continental carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are GATX Corporation (GATX - Free Report) , Expeditors International of Washington, Inc. (EXPD - Free Report) and SkyWest, Inc. (SKYW - Free Report) . While GATX carries a Zacks Rank #2 (Buy), Expeditors and SkyWest sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of GATX, Expeditors and SkyWest have gained more than 15%, 11% and 4%, respectively, on a year-to-date basis.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>



More from Zacks Analyst Blog

You May Like