United Airlines Holdings Inc (UAL) is facing downward pressure as a severe snowstorm causes over 5,300 flight cancellations across the industry. While the company recently secured major engine deals and international investments, the immediate operational impact of the weather is currently dominating market sentiment.
- UAL is trading at $111.07 (-1.73%) in pre-market on February 23, following a close of $113.03 on February 20.
- Recent growth drivers include a deal for 300 GEnx engines for the 787 Dreamliner fleet and a $100M investment in Azul approved by Brazil.
- The sector-wide disruption has resulted in more than 5,300 total flight cancellations, straining airline schedules and resources.