UNITED AIRLINES HOLDINGS, INC.

(UAL)
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Real-time Estimate Cboe BZX  -  01:52 2022-06-27 pm EDT
37.38 USD   -2.93%
12:54pMore Than 1,900 Flights Within, Into or Out of US Delayed on Monday
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12:51pAirlines cancel over 700 U.S. flights as labor crunch, bad weather weigh
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09:16aEvercore ISI Adjusts United Airlines' Price Target to $45 From $56, Maintains In-Line Rating
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Dollar slips as risk appetite returns

05/17/2022 | 02:52pm EDT
FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration

NEW YORK, May 17 (Reuters) - The dollar fell for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal.

Upbeat earnings views from Home Depot and United Airlines along with optimism around the easing of China's crackdown on tech and COVID-19, helped to lift risk sentiment.

The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was down 0.7% at 103.41, its lowest since May 6. The index hit a two-decade high last week supported by a hawkish Federal Reserve and worries over the global economic fallout from the Russia-Ukraine conflict.

"The mood in markets has improved dramatically relative to last week with most asset classes bouncing and retracing the moves seen last week," Brad Bechtel, global head of FX at Jefferies, said in a note to clients.

"The result is a rally in equities and sell-off in fixed income with nearly every currency in the world rallying against the USD," Bechtel said.

The dollar remained subdued after data showed U.S. retail sales increased solidly in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants, showing no signs of demand letting up despite high inflation.

The dollar index pared losses after Federal Reserve chair Jerome Powell said at a Wall Street Journal event on Tuesday, the Fed will "keep pushing" to tighten U.S. monetary policy until it is clear inflation is declining.

The euro was up 1% at $1.0535, extending its rebound from a five-year low touched last week, and putting more distance between the common currency and parity with the U.S. dollar.

The currency, which benefited from ECB policymaker Francois Villeroy de Galhau saying on Monday that a weak euro could threaten price stability in the currency bloc, rose after hawkish comments from Dutch central bank chief Klaas Knot.

Knot said that not only was the European Central Bank set to hike rates by 25 basis points in July, it was also ready to consider a bigger rise if inflation proved higher than expected.

"We think the euro sell-off is starting to look stretched," said Shaun Osborne, chief currency strategist at Scotia Bank.

Sterling also took advantage of the softer dollar to jump 1.26% to its highest level since May 5 after strong labor market data reinforced expectations that the Bank of England would continue to raise rates to fight inflation.

The Australian dollar, viewed as a liquid proxy for risk appetite, rose 0.52%.

Australia's central bank considered a sharper rise in interest rates at its May meeting, minutes published on Tuesday showed, in a heavy hint it will hike again in June.

The Chinese offshore yuan gained 0.8% after a steep slide that has knocked it about 7% lower since mid-April.

Shanghai logged three consecutive days with no new COVID-19 cases outside quarantine zones on Tuesday, a milestone that in other cities has signaled the beginning of lifting restrictions.

Meanwhile, bitcoin, the world's largest cryptocurrency, was about flat on the day at $29,745.69, as it struggled to stay above $30,000 after bouncing from the multi-month lows hit last week.

(Reporting by Saqib Iqbal Ahmed; editing by Barbara Lewis and Nick Zieminski)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.25% 0.5633 Delayed Quote.5.39%
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) -0.46% 0.89155 Delayed Quote.-2.46%
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.27% 4.63891 Delayed Quote.0.63%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.49% 0.6536 Delayed Quote.2.98%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.03% 93.738 Delayed Quote.12.28%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) -0.11% 1.09861 Delayed Quote.3.64%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.48% 0.66157 Delayed Quote.0.37%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.31% 0.69214 Delayed Quote.-4.42%
BITCOIN (BTC/EUR) -2.26% 19911.7 End-of-day quote.-52.63%
BITCOIN (BTC/USD) -2.06% 21031.8 End-of-day quote.-55.94%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.26% 1.77334 Delayed Quote.-5.12%
BRITISH POUND / CANADIAN DOLLAR (GBP/CAD) -0.20% 1.58112 Delayed Quote.-7.45%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) 0.03% 8.222944 Delayed Quote.-4.52%
BRITISH POUND / EURO (GBP/EUR) -0.25% 1.15947 Delayed Quote.-2.29%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.22% 166.245 Delayed Quote.6.54%
BRITISH POUND / NEW ZEALAND DOLLAR (GBP/NZD) 0.16% 1.94826 Delayed Quote.-1.82%
BRITISH POUND / SWISS FRANC (GBP/CHF) -0.22% 1.17327 Delayed Quote.-4.77%
BRITISH POUND / US DOLLAR (GBP/USD) -0.06% 1.22747 Delayed Quote.-9.29%
CANADIAN DOLLAR / AUSTRALIAN DOLLAR (CAD/AUD) 0.43% 1.12168 Delayed Quote.2.52%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.19% 0.632515 Delayed Quote.8.04%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) 0.15% 5.195 Delayed Quote.3.23%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.06% 0.733391 Delayed Quote.5.56%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.14% 0.7758 Delayed Quote.-2.00%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) 0.51% 1.5294 Delayed Quote.-2.89%
EURO / BRITISH POUND (EUR/GBP) 0.25% 0.86241 Delayed Quote.2.35%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) 0.20% 7.0814 Delayed Quote.-2.28%
EURO / US DOLLAR (EUR/USD) 0.20% 1.05863 Delayed Quote.-7.18%
INDIAN RUPEE / AUSTRALIAN DOLLAR (INR/AUD) -0.01% 0.018383 Delayed Quote.-0.41%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.56% 0.010374 Delayed Quote.4.96%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) -0.27% 0.085281 Delayed Quote.0.22%
INDIAN RUPEE / EURO (INR/EUR) -0.67% 0.012025 Delayed Quote.2.71%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.27% 0.012748 Delayed Quote.-4.81%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.20% 0.62998 Delayed Quote.-7.66%
THE HOME DEPOT, INC. -0.04% 282.82 Delayed Quote.-31.81%
UNITED AIRLINES HOLDINGS, INC. -2.86% 37.405 Delayed Quote.-12.04%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.07% 6.68859 Delayed Quote.5.15%
US DOLLAR / AUSTRALIAN DOLLAR (USD/AUD) 0.28% 1.444544 Delayed Quote.4.63%
US DOLLAR / BRITISH POUND (USD/GBP) 0.05% 0.814631 Delayed Quote.10.24%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.6899 Delayed Quote.5.28%
US DOLLAR / EURO (USD/EUR) -0.19% 0.944608 Delayed Quote.7.74%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.93% 54.4 Delayed Quote.-28.47%
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Analyst Recommendations on UNITED AIRLINES HOLDINGS, INC.
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Financials (USD)
Sales 2022 43 190 M - -
Net income 2022 -732 M - -
Net Debt 2022 23 368 M - -
P/E ratio 2022 -22,0x
Yield 2022 -
Capitalization 12 582 M 12 582 M -
EV / Sales 2022 0,83x
EV / Sales 2023 0,79x
Nbr of Employees 87 400
Free-Float 99,7%
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Number of Analysts 21
Last Close Price 38,51 $
Average target price 59,86 $
Spread / Average Target 55,4%
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Managers and Directors
J. Scott Kirby Chief Executive Officer & Director
Brett J. Hart President
Gerald Laderman Chief Financial Officer & Executive Vice President
Edward M. Philip Non-Executive Chairman
Linda P. Jojo Chief Digital Officer & Executive VP-Technology
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