Originally Posted by
sailingfun
Wow UAL stock went crazy today!
From the earnings call this morning:
"On the other end of the spectrum, basic economy remains an important product with
volumes up 21% year-over-year."
"The gauge increase from the narrowbodies, that's frankly what's driving our ability to provide
basic economy, which is creating a competitive dynamic that is just fundamentally reshaping the industry."
They also said to expect another $1B in profit in Q4 which would be unhead of. They said
Basic Economy is a massive revenue stream and they expect it to grow as we keep upgauging planes.
They also said we'd get
20 more planes delivered in Q4 including, finally, 787s.