United Airlines Stock Nears All-Time High Amid Industry Supply Adjustments
United Airlines (UAL -0.09%) is flirting with its January peak after a spring slump tied to tariff-related travel concerns. The rebound stems not from demand recovery but from disciplined capacity management—a structural shift for the sector.
CEO Scott Kirby notes supply is recalibrating as demand shows early signs of inflection. United’s premium-economy segmentation provides pricing agility, contrasting with historical cycles of oversupply. Airlines now prioritize yield over volume, mirroring strategies seen in commoditized markets like cryptocurrencies during consolidation phases.