Technical Review on Delta and United Continental: Soaring Airlines
LONDON, January 17, 2013 /PRNewswire/ --
Many airlines' stocks have been in the green lately as positive market trends have helped boost investors' confidence in this industry. StockCall posted its latest technical research report on two of the Airline industry's biggest players, United Continental Holdings Inc. and Delta Air Lines Inc., which can be accessed free of charge at
Airlines have started 2013 off on a good note, as a recovering U.S. economy has led to improving revenues for a number of industry players. Robust holiday demand helped drive sales up in December. With the "fiscal cliff" crisis averted for the short-term, business travel could also pick up moving forward. Several companies, including Delta Air Lines Inc. (NYSE: DAL), have also recently hit 52-week highs in regards to share prices, which is also a positive sign. Following its recent stock performance, our analysts have issued a technical report on Delta Air Lines which can be downloaded for free at
As business picks up, airlines are adopting a number of approaches to gain a greater share of the market. Delta Air Lines has been adding new domestic routes, while others like United Continental Holdings Inc. [Free Research Report on UAL](1) (NYSE: UAL) have been increasing their infrastructure on the ground. But it is the extra services based on technological advances that have been receiving a lot of attention from both these companies and many of their peers as they are coming out with new apps, websites and even satellite based WiFi for in-flight Internet.
Earnings release for two of the industry's heavy weights are just around the corner with United Continental set to go first on January 21st and Delta Air Lines posting at a day after. For their last round of earnings, United Continental saw its profit dropped abruptly to $6 million from $653 million a year ago, whilst Delta posted income of $1 billion almost two-fold from a year ago.
With 2013 off to a good start, it will be interesting to see which these companies can maintain the positive momentum and which could end up grounded. Companies that can keep margins healthy and capacities high could be worth a closer look.
- United Continental Holdings Inc. Technical Analysis [ http://www.StockCall.com/UnitedContinentalHoldingsInc011713.pdf ]
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