Dallas, Texas 01/06/2014 (FINANCIALSTRENDS) – United Continental Holdings Inc (NYSE:UAL), the $14.46 billion market capped major airline in U.S has seen its stock rally upwards along with a host of other airlines which posted strong stock market growth during trading on January 3. Delta Air Lines, Inc. (NYSE:DAL) went up by a substantial margin and so did United Continental Holdings Inc (NYSE:UAL) along with American Airlines Group Inc (NASDAQ:AAL) which posted a 4.5% increase. This across the board increase in the valuation of the stock of the airline operators has been primarily linked to the strong per passenger revenue increase recorded during December this year. The close to 5.88 percent increase in the valuation of the stock of United Continental Holdings Inc (NYSE:UAL) has to been seen in this context.
United Continental Holdings Inc (NYSE:UAL) operates two fully owned subsidiaries named United Air Lines, Inc. (United) and Continental Airlines, Inc. (Continental). Investors rushed to invest in the stock of United Continental based on the strong December numbers reported by Delta Air Lines (NYSE: DAL) on December 3. It reported its revenue per passenger go up in December in comparison to December 12. It also reported a dip in its fuel expenditure for the month of December and forecasted that it would see its revenue per passenger for the whole year will also go up substantially. It is these positive sentiments that are buffeting the larger airlines industry and United Continental Holdings Inc (NYSE:UAL) is reaping rich dividends.
Post Friday’s surge in the value of the stock, United Continental Holdings Inc (NYSE:UAL) is trading just 0.6 percent lower than its prior 52 week high price point. In the past year, the market value of its stock has posted a 60 percent increase in value. In the same time period, the airliner has posted net loss of $189 million from total sales of $37 billion.