United Airlines Holdings Inc. UAL,
the stock rose 9% in trading on Monday, after the company said in a filing that it expects core cash flow to be positive for March “if the current trajectory of improving bookings is sustained.” The burning of core cash in the first quarter is also expected to be positive compared to the fourth quarter of 2020 due to accelerated bookings. “If the current rate of improvement in bookings continues, the Company expects the core cash flow to move positively forward,” United said. United joins Delta Air Lines Inc. DAL,
and Southwest Airlines Co. LUV,
with Monday’s announcements showing increased travel bookings in recent weeks as the COVID-19 vaccine continues to run. Cruise operators have also seen an increase in stocks along with bookings. Shares have gained 47.3% in the last year, ahead of the S&P 500 SPX,
which is increasing by 45.4%.