United Airlines Holdings Inc. UAL,
The stock rose 9% in trading on Monday after the company said in a submission that it expects the core cash flow to be positive for the month of March “if the current trajectory of improving discussions is maintained.” The expected core cash in the first quarter is also expected to be positive compared to the fourth quarter of 2020 due to accelerated discussions. “If the current improvement in discussions continues, the company expects the core cash flow to be positive,” United said. United joins Delta Air Lines Inc., DAL,
and Southwest Airlines Co. LUV,
with Monday announcements showing increased travel bookings over the past few weeks as the COVID-19 vaccine continues to roll out. Travel operators have also seen shares rise along with bookings. United shares rose 47.3% over the S&P 500 SPX index over the past year,
which is 45.4% higher.
