Is United Airlines (UAL) Trading Near-Term RPM Weakness For Long-Term Scale With Denver Training Bet?

United Airlines has recently faced analyst criticism for soft revenue passenger mile trends and a potentially weaker free cash flow margin, even as it continues to invest heavily in its network and operations. At the same time, United and CAE completed the first phase of expanding what is now the world’s largest pilot training facility in Denver, signaling a long-term commitment to capacity and workforce development despite nearer-term demand concerns. We’ll now explore how United’s expanded...