United Airlines Stock Continues Its Rally To Higher Levels: What’s Next?

United Airlines shares rallied 1.4% after the carrier said it would increase its domestic travel schedule for the holidays. The company noted that holiday searches on its website and app grew 16% from 2019. It also plans to offer more than 3,500 daily flights for December. With holiday demand running high, Google has released a schedule that takes into account both the weather and what people want for the season.

United Continental Holdings Inc., has gained 16.1% in 2018, outpacing the S&P 500’s 16.2% gain. The Biden administration’s decision to allow travelers from countries vaccinated from the COVID-19 to fly home has boosted the demand for air travel during the holiday season. US airlines’ fourth-quarter earnings are expected to reflect a strong peak in demand, which would likely continue, according to a brokerage note.