Will United Airlines Stock Rise After Recent Correction?

Will United Airlines Stock Rise After Recent Correction?

United Airlines Boeing 767-400 ER Extended Range with 2x CF6-80 engines aircraft landing at ... [+] Amsterdam Schiphol International Airport AMS EHAM in The Netherlands, the Dutch capital. The airplane has registration N66057 and its type is exactly Boeing 767-424(ER) . UAL / UA is a major American airline headquartered in Chicago, Illinois connects Amsterdam with ChicagoO'Hare, Houston Intercontinental, Newark, Washington Dulles and seasonal to San Francisco (Photo by Nicolas Economou/NurPhoto via Getty Images) The shares of United Airlines (NASDAQ: UAL) have observed a correction in recent weeks largely from sustained high fuel prices despite strong domestic travel demand. Per the short-term energy outlook by EIA, benchmark oil prices are likely to trend downward during the latter half of the year, but uncertainty remains. Thus, United Airlines' bottom line is expected to observe a dent from high fuel prices for a couple of quarters. Notably, the company does not enter into financial transactions to safeguard against oil price volatility. Per the Trefis machine learning engine which analyses historical stock price movements, UAL stock has a just 41% chance of a rise over the next month (21 trading days). See our analysis United Airlines Stock Chance of Rise for more details.