Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

JP Morgan Keeps 'Underweight' on UAL Corp.

JP Morgan keeps underweight on UAL Corp. (UAL).

The parent of United Airlines failed to secure a $1.8 billion federal government loan guarantee. Analyst Jamie Baker says he had anticipated that the government would reject the loan application, all but ensuring a Chapter 11 filing by the carrier.

Baker says he expects shares to be essentially worthless by end of month. He also says there are no changes to his estimates, however, his revision bias is likely to be upward should the company reduce capacity more than it had planned.

Baker expects shares in competing airlines to react positively, reflecting that what's bad for UAL is good for the airline industry.

blog comments powered by Disqus