United Airlines Holdings Inc. UAL,
The stock rose 9% in Monday trading after the company said in a filing that it expects core cash flow to be positive for March “if the current trajectory of bookings improvement continues.” The core cash burn in the first quarter is also expected to be positive compared to the fourth quarter of 2020 due to accelerated bookings. “If the current pace of bookings improvement continues, the company expects core cash flow to be positive going forward,” United said. United Joins Delta Air Lines Inc. VALLEY,
and Southwest Airlines Co. LUV,
with Monday announcements showing that travel bookings have increased in recent weeks as the COVID-19 vaccine continues to be rolled out. Cruise operators have also seen the stock rise in addition to bookings. United stocks are up 47.3% in the past year, ahead of the S&P 500 index SPX,
that is an increase of 45.4%.