United Continental (NYSE:UAL) Expects $430 Million of Charges for Fiscal Q4 – UAL, LCC, DAL, ALK

United Continental Holdings Inc (NYSE:UAL) announced that it projects fiscal Q4 charges of $430 million, much of which is linked with paying off its pension borrowing.

United Continental, the world’s biggest air carrier, announced $309 million of the charges link to a deal with the Pension Benefit Guaranty Corp that changes its duty to issue up to $500 million of senior notes.

There were also outlays of almost $99 million linked with integrating systems and training, repainting planes and severance associated with job shatters.

The carrier reported that it projected an income tax benefit of $9 million and a gain of $14 million from sales of assets.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. US Airways Group, Inc. (NYSE:LCC) fell -0.28% to settle at $14.44, Delta Air Lines, Inc. (NYSE:DAL) moved down -1.59% to end at $13.61 while Alaska Air Group, Inc. (NYSE:ALK) plunged -0.85% to finish at $46.64 on Friday.

United Continental Holdings Inc (NYSE:UAL) on Jan 18, 2013 decreased -3.77% to the closing price of $24.79. The overall volume in the last trading session was 6.66 million shares. Its fifty two weeks range was $17.45 – $26.24. The total market capitalization remained at $8.24 billion.

UAL is ahead of its 52-week low with 42.06% and lagging behind from its 52-week high price with -5.53%. UAL’s last month’s stock price volatility remained 2.95%. In its share capital UAL has 332.06 million outstanding shares, among them 330.78 million shares have been floated in market exchange. UAL’s stock’s institutional ownership remained 96.60% while insider ownership included 0.23%.

The stock price of UAL is moving down from its 20 days moving average with -0.16% and remote positively from 50 days moving average with 10.79%. UAL’s current year’s earnings per share experienced an addition with 109.06% while its current quarter performance remained at 21.82%. Company’s beta coefficient included 0.81. Beta factors measure the amount of market risk associated with market trade.

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