Southwest Airlines and United Continental Just Raised Their Q4 Revenue Forecasts
Southwest Airlines (NYSE: LUV) and United Continental (NYSE: UAL) disappointed investors in October with their third-quarter earnings reports and fourth-quarter forecasts. While both carriers projected that their unit revenue trends would improve sequentially in the current quarter, analysts still had to slash their Q4 earnings estimates.
However, Southwest and United both raised their unit revenue forecasts late last week. This suggests that the recent round of airline fare wars may be abating, which would be good news for American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) as well.
Southwest Airlines has boosted its fourth-quarter unit revenue forecast. Image source: Southwest Airlines.
Source: Fool.com
United Continental Holdings Stock
€39.14
0.770%
We see a rather positive sentiment for United Continental Holdings with 17 Buy predictions and 2 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 63.52% compared to the current price of 39.14 € for United Continental Holdings.
