We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Airlines (UAL) Pushes Boeing 777 Return to Mid May
Read MoreHide Full Article
United Airlines (UAL - Free Report) does not expect its grounded Boeing 777 planes to return to service until the second half of May, a CNBC report stated. The lack of availability of these large jets during the busy spring travel period is a setback to the company, which had expected some of the aircraft to return to service this month.
Last February, United Airlines removed the 52 Boeing 777 jets powered by Pratt & Whitney PW4000 engines from its fleet after a Honolulu-bound flight suffered an engine failure and made an emergency landing at the Denver International Airport. Following the explosion of the engine, which was manufactured by Pratt & Whitney, debris rained on Denver suburbs. However, no one suffered injuries and the aircraft landed safely.
In a note to pilots, which was seen by CNBC, United Airlines said that the Boeing 777 jets, powered by Pratt & Whitney 4000 engines, are “being removed from the schedule through May 12 and removed from international/Hawaii routes through May 25.” Due to this delay in the return of the aircraft to service, UAL is reconfiguring its May flight schedule to account for the lack of the jets.
Per the CNBC report, the Federal Aviation Administration had issued directives last month to increase inspections of fan blades used on the Pratt & Whitney engines. The directives are set to go into effect on Apr 15.
Zacks Rank & Key Picks
United Airlines carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Transportation sector are as follows:
Golar LNG Limited (GLNG - Free Report) carries a Zacks Rank #1 (Strong Buy). The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the past four quarters while missing the same in one. The average beat was 49.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Golar LNG have rallied more than 100% in a year’s time.
Textainer Group carries a Zacks Rank #2 (Buy). The company’s earnings have outperformed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 21.6%.
Shares of Textainer Group have gained more than 18% in a year’s time.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United Airlines (UAL) Pushes Boeing 777 Return to Mid May
United Airlines (UAL - Free Report) does not expect its grounded Boeing 777 planes to return to service until the second half of May, a CNBC report stated. The lack of availability of these large jets during the busy spring travel period is a setback to the company, which had expected some of the aircraft to return to service this month.
Last February, United Airlines removed the 52 Boeing 777 jets powered by Pratt & Whitney PW4000 engines from its fleet after a Honolulu-bound flight suffered an engine failure and made an emergency landing at the Denver International Airport. Following the explosion of the engine, which was manufactured by Pratt & Whitney, debris rained on Denver suburbs. However, no one suffered injuries and the aircraft landed safely.
In a note to pilots, which was seen by CNBC, United Airlines said that the Boeing 777 jets, powered by Pratt & Whitney 4000 engines, are “being removed from the schedule through May 12 and removed from international/Hawaii routes through May 25.” Due to this delay in the return of the aircraft to service, UAL is reconfiguring its May flight schedule to account for the lack of the jets.
United Airlines Holdings Inc Price
United Airlines Holdings Inc price | United Airlines Holdings Inc Quote
Per the CNBC report, the Federal Aviation Administration had issued directives last month to increase inspections of fan blades used on the Pratt & Whitney engines. The directives are set to go into effect on Apr 15.
Zacks Rank & Key Picks
United Airlines carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Transportation sector are as follows:
Golar LNG Limited (GLNG - Free Report) carries a Zacks Rank #1 (Strong Buy). The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the past four quarters while missing the same in one. The average beat was 49.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Golar LNG have rallied more than 100% in a year’s time.
Textainer Group carries a Zacks Rank #2 (Buy). The company’s earnings have outperformed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 21.6%.
Shares of Textainer Group have gained more than 18% in a year’s time.