Today’s Research Reports on Stocks to Watch: United Continental Holdings and American Airlines

NEW YORK, NY / ACCESSWIRE / April 12, 2017 / The recent United Airlines viral video has made quite a buzz in social media and news media circles. Let’s take a closer look at how two top airline stocks reacted Tuesday.

RDI Initiates Coverage on:

United Continental Holdings Inc.

https://ub.rdinvesting.com/news/?ticker=UAL

American Airlines Group Inc.

https://ub.rdinvesting.com/news/?ticker=AAL

United Continental tumbled 1.13% to close at $70.71 in Tuesday’s trading session. The stock traded between $68.36 and $70.71 on a very heavy volume of 17.7 million shares traded. The obvious reason for the decline is the recent “Passenger Dragging” viral video, which caused an early fall in the stock price. Later in the day it recovered, although at one point the company is reported to have lost $1 billion in stock value.

The future potential losses may start to pile up though, as the incident was actively followed on Chinese social media, where Chinese passenger traffic is the 2nd largest source of revenue for the company. Adding fuel to the fire, the Wall Street Journal reported that the passenger removed from the plane had stated he was chosen for removal because of his race.

Access RDI’s United Continental Holdings Research Report
at:

https://ub.rdinvesting.com/news/?ticker=UAL

American Airlines leaped 3.80% to close at $43.93 in Tuesday’s trading session. The stock traded between $42.41 and $43.95 on volume of 9.7 million shares traded. The blowback from the United incident will likely give American Airlines a nice financial tailwind for some time.

In air traffic news, the company reported its traffic results for the month of March. Based on available first quarter traffic data, the company expects the measurement of total revenue projected from its “available seat mile” numbers to rise between 2 and 4 percent year-over-year for the first quarter of 2017. Other traffic metrics were down: total revenue passenger miles declined 1.2% compared to March 2016 traffic data, and total capacity fell 0.9% when compared to March 2016.

Access RDI’s
American Airlines Research Report at:

https://ub.rdinvesting.com/news/?ticker=AAL

Our Actionable Research on United Continental Holdings Inc. (NYSE: UAL) and American Airlines Group Inc. (NASDAQ: AAL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com

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