United Airlines Holdings Inc UAL is planning to add up to 28 daily non-stop flights to Florida this winter as air-travel demand seems to be picking up, after months of slowdown.
The airline intends to add flights from New York, Boston, MA and Cleveland, OH to the Florida cities of Fort Lauderdale, Fort Myers, Orlando and Tampa, effective Nov 6. It expects to gradually increase services to up to 28 daily nonstop flights to Florida with additional flights connecting Columbus, OH; Indianapolis, IN; Milwaukee, WI; and Pittsburgh, PA with Fort Myers and Tampa. These flights are expected to begin operations from Dec 17 onward.
United Airlines Holdings Inc Price
United Airlines Holdings Inc price | United Airlines Holdings Inc Quote
TSA Data Signals Uptick in Travel Demand
The Transport Security Administration (“TSA”) reported that 831,789 passengers passed through the TSA checkpoints on Aug 9, the highest single-day total since Mar 17. Now, one-day data may not signal a trend but the average has also been rising at a steady level, touching nearly 700,000 daily commuters in the recent seven-day period, up from 661,000 three weeks ago. On Aug 10, TSA screened 761,861 people and on Aug 11, it screened 559,420 passengers at checkpoints throughout the nation. These figures represent a dramatic improvement from the lowest point on Apr 14, when only 87,534 travellers went through the TSA checkpoints, down 96% from a year ago.
Zacks Rank & Key Picks
United Airlines currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Knight Swift Transportation Holdings Inc KNX, Werner Enterprises Inc WERN and Canadian Pacific Railway Limited CP. While Knight Swift sports a Zacks Rank #1 (Strong Buy), Werner and Canadian Pacific carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Knight Swift, Werner and Canadian Pacific have rallied 24.4%, 25.1% and 15.8% so far this year.
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