Why United Airlines Stock Crashed and Burned on Thursday
Shares of United Airlines (NYSE: UAL) stock got destroyed in Thursday trading (yes, again), falling 12% by day's end, after the airline reported disappointing Q3 2017 results.
United, America's fourth biggest airline by traffic, confirmed Wednesday evening that its Q3 revenues declined 0.4% in comparison to Q3 2016, while operating profits plunged 33% and net income was down 34%. A reduction in share count pared the company's per-share profit decline to only 30% -- but even that wasn't good enough to prevent a sell-off in the shares.
United Airlines stock wasn't flying anywhere on Thursday. Image source: Getty Images.
Source: Fool.com
United Continental Holdings Stock
€39.86
3.390%
With 17 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 64 € there is a hugely positive potential of 60.56% for United Continental Holdings compared to the current price of 39.86 €.
