United Airlines Shares Jump 5% Ahead of Q3 Earnings, Lifted by Starlink Lead

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• United Airlines shares rose about 5% ahead of its third-quarter earnings release after market close, with the stock climbing from around $95.01 to $100.30; market consensus expects EPS of about $2.59 and revenue of about $17.89 billion, a slight year-over-year decline but within the company's $2.50-$3.50 guidance range, and United has beaten EPS consensus for eight consecutive quarters.
• Citi named United a leader in adopting Starlink satellite in-flight internet, noting roughly half its fleet is already equipped, which Citi said gives it an edge competitors will find hard to match; Citi has a $171 price target. UBS lowered its price target to $139 from $146 while maintaining a buy rating, citing economic uncertainty and fuel costs as near-term risks.
• Of 25 analysts covering the stock, 23 rate it buy or higher; the broader market also rose Monday (S&P 500 +0.6%, Dow +1.3%, Nasdaq +0.4%), though United's gain outpaced the major indexes. Actual third-quarter results were not yet available at the time of the report.

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