United Continental Holdings, Inc.’s (UAL - Free Report) wholly owned subsidiary United Airlines seems to be on an expansion spree with successive announcements made only this month for several new and ramped up domestic as well as international services.
This time, the Chicago, IL-based airline has announced plans to boost connectivity to Germany witha new nonstop service from itshub at Denver International Airport to Frankfurt. On approval from the government, the carrier intends to begin this year-round service May 2, 2019 onward. Tickets on the route are currently available for purchase.
United Airlines already has a strong presence in Germany, operating 14 flights as of now with daily nonstop services connecting Frankfurt with its hubs in Chicago, Houston, New York/Newark, San Francisco and Washington Dulles. The new operation will be the airline’s 9th such service to Frankfurt. Apart from Frankfurt, the carrier serves Munich from Chicago, Houston, New York/Newark, San Francisco and Washington Dulles as well asBerlin/Tegel from New York/Newark.
Now let’s delve into some of the other services that the companyrecently announced. Just a few days back, the airline stated its plans to initiate nonstop services connecting Paine Field/Snohomish County Airport from the airline’s hubs in Denver and San Francisco. The flights are set to be launchedduring spring next year. (Read more: United Continental Arm to Connect Paine Field From Key Hubs)
Additionally, to meet the surge in demand during the upcoming spring season, United Airlines intends to bump up services to popular tourist spots with 31 flights to 12 Caribbean islands, 28 to seven Mexican cities and 27 flights (including 16 to Costa Rica) to seven places in Central America. (Read more: United Continental Arm Adds Services to Gear Up for Spring)
Zacks Rank & Key Picks
United Continental carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are Air France-KLM SA (AFLYY - Free Report) , International Consolidated Airlines Group SA (ICAGY - Free Report) and Spirit Airlines, Inc. (SAVE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM and Spirit Airlines have surged 46.6% and 69%, respectively, in the past six months. Meanwhile the International Consolidated Airlines stock boasts an encouraging earnings history, having outshined the Zacks Consensus Estimate in three of the last four reported quarters, the average beat being 92.9%.
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