Summary
The airline industry is currently navigating challenges due to uncertainty from President Trump’s tariff plans, leading United Airlines (UAL) and Delta Air Lines (DAL) to adjust their full-year projections. Despite near-term weaknesses, United is considered a strong long-term value investment, with a recessionary forecast suggesting earnings of $7 to $9 per share, making the stock attractive at 9.6 times 2025 earnings. With disciplined capacity management and a focus on premium customers, United has the potential for significant upside, positioning it as a compelling buy.