$9.22
-0.07 (-0.75%)
UAL Corp (UAUA)
CAPS Rating:
A holding company whose principal subsidiary, United Air Lines, Inc., facilitates transportation of persons, property, and mail throughout the U.S. and abroad.
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United barely made it out of bankruptcy after 3.5 years. They emerged with a very old fleet and high levels of remaining debt. Their management is one of the most incompetent in the industry. The economy is collapsing, which is going to be very tough on airlines. In the current credit environment, the weakest will not be able to borrow any money to cover their considerable losses. Just like Pan Am before it, United is worth much more today in pieces than as a whole. Look for it to get carved up.