Equity Analysis /
United States of America

Delta Air Lines Inc: US : United Airlines Holdings, Inc. - UAL | First Take on 4Q20 Results and Investor Update

    Matt Roberts
    Matt Roberts

    CFA, Sr. Res. Assoc.

    21 January 2021
    Published byCGS-CIMB

    We believe United's 4Q20 report is largely in line with expectations with the 1Q21 outlook reflecting a continuation of current trends, consistent with Delta's view (except that United's revenue guide does not assume peak periods will continue to outperform off-peaks). Despite near term uncertainty