United Airlines Holdings Inc. UAL,
The shares soared 9% on Monday’s trading session after the company said in a statement that it expects the main cash flow to be positive for the month of March “if the current path of improvement in reserves is sustained”. Main cash consumption in the first quarter is also expected to be positive, compared to the fourth quarter of 2020 due to accelerated reserves. “If the current rate of improvement in reserves continues, the company expects the primary cash flow to be positive in the future,” said United. United joins Delta Air Lines Inc. DAL,
and Southwest Airlines Co. LUV,
with Monday’s announcements showing an increase in travel bookings in recent weeks, as the COVID-19 vaccine continues to be launched. Cruise operators have also seen their stocks soar with reserves. United’s shares gained 47.3% last year, ahead of the S&P 500 SPX index,
which is an increase of 45.4%.
