United Airlines to Begin Flight on Multiple Routes Next Month
United Airlines UAL plans to resume nearly 30 international nonstop flights in November to take advantage of the improved demand for vacation travel. These routes include cities in Asia, Europe, and South America. In addition, the airline is to offer its customers popular vacation destinations in the Caribbean, Hawaii, Central America and Mexico.
Some of the changes to the existing flight schedule include the launch of flights between Washington Dulles and Key West, FL and the resumption of services between San Francisco and Tampa, FL. In addition, operations between Denver and Frankfurt (three times a week) will resume. United Airlines also plans to operate five times a week five times a week on the Houston - Frankfurt route starting next month.
Despite the addition of new routes, United Airlines' November flight schedule is still below half of the same period last year. The airline aims to fly 44% of its overall flight schedule in November compared to 2019 and to increase by four points compared to October 2020.
In the United States, the airline intends to operate 49% of its schedule in November compared to November 2019. Internationally, the Chicago-based airline plans to fly 38% of its schedule over the next month compared to November 2019. This indicates a 6 point compared to the previous month.
With this step, United Airlines aims to generate revenue and improve flight opportunities. It is expected that there will be an increase in sales figures in the near future in light of the crisis caused by severe coronaviruses.
As part of its expansion initiative, United Airlines recently announced plans to resume non-stop flights to China soon. The airline, which operated four weekly flights between San Francisco and Shanghai via Seoul, will operate this flight from San Francisco to Shanghai continuously from October 21st.
Zacks Rank & Key Picks
United Airlines has a Zacks rank 4 (sales).
Some better-ranked stocks in the broader transportation sector are J. B. Hunt Transport Services, Inc. JBHT, Werner Enterprises, Inc. WERN, and Knight-Swift Transportation Holdings Inc. KNX. While J.B. Hunt and Knight-Swift have Zacks Rank 2 (Buy), Werner has Zacks Rank 1 (Strong Buy). The full list of today's Zacks # 1 Rank stocks can be found here.
The long-term expected earnings per share growth rates (three to five years) for J. B. Hunt, Werner and Knight-Swift are 15%, 8.5% and 15%, respectively.
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