The drum beats of low oil prices continue, and therefore United Continental Holdings (UAL) is the Zacks Bull of the day! Estimates for the airline company have been steadily increasing due to the decline in oil prices, improving customer service, and the launch of new routes.
This Zacks Rank #1 (Strong Buy) stock is the holding company for United Airlines, and Continental Airlines. The company operates in two segments: Mainline and Regional Affiliates. Further, the company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks.
United Continental Holdings recently announced that it was extending its in-flight Wi-Fi connectivity service to United Express regional aircraft by the second half of 2015. The company currently offers their Personal Device Entertainment on almost 200 mainline planes. Further, the company announced that they started operating six flights a week from Los Angles to Melbourne.
Positive News, Increasing Estimates
The table below shows the historic and future EPS estimates for UAL.
