United Continental: The Sum of No Fears

Evercore ISI’s Duane Pfennigwerth and Jeffrey Eisenberg contend that United Continental (UAL) investor update was better than “better than [the market's] fears.” They explain: Matthew Staver/Bloomberg News In its 3Q15 investor update United raised its 3Q15 pre-tax margin outlook (to 16-17% from 13.5-15.5% and up sharply vs. 10% in 3Q14). While an improved outlook was […]