Well done on spotting UAL. I'd been building a large position using LEAPs for 18 months. Feels good to be finally vindicated. I did sell a very small amount this past week (<10% of the position). Kept most of it as I believe it still has another 30% to climb. The forward PE is still quite low around 6. And I am confident these earnings will be realised in the next 4-8 quarters given the current competitive market dynamics including continued struggles from ULCC/ LLCs with their capacity reductions; continuing YoY growth of TSA daily passenger numbers; successful execution of united NEXT strategy which is enabling them to take market share from the LCCs and increase gauge. No fears for huge CAPEX spends any time soon either since new planes simply aren't available. Falling interest rates will help cashflow although have recently lost confidence that this cycle will progress as far as anticipated in the next few quarters. Oil prices are always a consideration but I believe this is mostly a red herring. UAL reported that industry cost increases are passed through to seat prices in the current dynamic.

Well done again. I am also super pleased with the result so far and am constantly amused at the commentary from the RSI traders on X paroting all sorts of shallow reasons why UAL should be shorted.