Was wondering why UAL was up when the market was down 335 points today.
United raised its third quarter passenger revenue per available seat mile (PRASM) guidance, one of the airline industries most important metrics, to a range of 3.5% to 4% from its previous guidance of between 2% and 4%.
"The fact that United has had a history of disappointing on PRASM gave us hesitation to fully endorse their turnaround last quarter. With two strong back to back quarters, our nervousness has eased. We expect United to lead the network carriers in PRASM growth in 4Q14. United is also the only network carrier to raise 3Q14 guidance into earnings season," said Cowen analysts.
http://www.thestreet.com/story/12909...o&cm_ven=YAHOO