What smart money is saying about United Airlines
1 fund in our archive has pitched United Airlines, most recently Night Watch in December 2024.
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
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Position history
Between Q4 2024 and Q3 2025, 1 fund letter reported a position in United Airlines, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2025 | 1 | 0 | 1 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position · 1 move
- September 2025
“United Airlines (UAL; Industrials) MSCI ESG Score: Overall BBB United Airlines, headquartered in Chicago, IL, is a major airliner that operates an extensive domestic and international route across the U.S. and six continents. Over the course of the investment, the company has modernized its fleet, increased its gauge, improved the customer experience through its UnitedNext premium experience across not only business class but premium economy and economy too. As UAL has the largest trans-Pacific exposure of all U.S. carriers, we believe emerging risk to its this business segment could reasonably emerge due to expected pressure amid trade tensions between the U.S. and Asia/Pacific economies. As a result of this risk, the position was eliminated.”
United Airlines
Also mentioned · 2
These funds discuss United Airlines as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedDiameterDecember 2025
“In aero, we’re with the consensus that the low-cost model in the US is broken and that United and Delta should earn more than 100% of industry net income.”
United Airlines - MentionedLegacy Ridge CapitalDecember 2024
“By the summer of last year even industry leaders United and Delta were still well below their pre-COVID highs and not much above their COVID lows.”
United Airlines
Fund coverage · 1 thesis
- Night WatchDecember 2024
United Airlines is positioned to improve its EBIT margins and benefit from a tightened supply in the US airline market, making it an attractive investment despite the historical challenges faced by the airline industry.
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