11:54 AM EST, 01/13/2025 (MT Newswires) -- United Airlines Holdings ( UAL ) is poised to report strong Q4 results as the "biggest beneficiary" of the trans-Atlantic, premium and corporate growth cited by Delta Air Lines ( DAL ) in its earnings last week, BofA Securities said Monday in a report.
United's Q1 guidance probably will exceed the Wall Street consensus, BofA said.
United generated 20% of its 2024 passenger revenue from trans-Atlantic routes, 200 basis points higher than Delta, BofA estimated. United's coastal hubs and premium product offerings should also allow the company to be "at least in line" with Delta, the report said.
BofA raised its forecast for United's Q4 earnings per share to $3.34 from $3.13.
United is scheduled to release Q4 results on Jan. 21.
BofA boosted it price target on United's stock to $120 from $100 and maintained its buy rating.
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