United Continental Holdings, Inc.’s (NYSE:UAL) wholly owned subsidiary, United Airlines, has announced several new routes from its East Coast hubs at New York/Newark and Washington-Dulles.
From New York/Newark, the carrier will offer 15 new routes, namely Burlington, Charleston, Ft. Lauderdale, Fort Myers, Greensboro, Memphis, Nashville, New Orleans, Norfolk, Orlando, Phoenix, Pittsburgh, San Antonio, Sarasota and West Palm Beach. Each will cater to a daily service beginning Oct 4, 2018. Launching additional routes from New York is a strategic decision by the company as the city entails maximum travelers compared with any other of its hubs.
Moreover, the carrier will initiate nonstop seasonal mainline operations connecting New York/Newark with Palm Springs, CA. The seasonal service will be effective Dec 19, 2018 through Mar 30, 2019. Also, United Airlines will increase the frequency of its regional jet service on the New York/Newark-Key West, FL route to a year-round flight from the previous seasonal operation. The service will commence on Oct 4.
Further, the carrier plans to expand service at its Washington-Dulles hub with three extra destinations. The routes have been shifted from Newark hub. The carrier will begin flights to Chattanooga, Ithaca and Scranton from Washington-Dulles starting Oct 4. A CRJ-200 aircraft will be utilized to ply twice daily on the routes.
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Zacks Rank & Key Picks
United Continental carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are GATX Corporation (NYSE:GATX) , Expeditors International of Washington, Inc. (NASDAQ:EXPD) and SkyWest, Inc. (NASDAQ:SKYW) . While GATX carries a Zacks Rank #2 (Buy), Expeditors and SkyWest sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of GATX, Expeditors and SkyWest have gained more than 15%, 11% and 4%, respectively, on a year-to-date basis.
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