Billionaire Ken Fisher’s 10 Industrial Stock Picks with Huge Upside Potential

3. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 86

Upside Potential: 37.92%

United Airlines Holdings, Inc. (NASDAQ:UAL) carries passengers and cargo in the U.S., Canada, and across Atlantic, Pacific, and Latin American routes. The company runs a mix of mainline and regional planes, while offering side businesses like maintenance for other airlines, flight training, and rewards programs.

During Q1 ending March 31, 2025, United Airlines Holdings, Inc. (NASDAQ:UAL) pulled in $13.2 billion in revenue, an increase of 5.4% from last year. The main drivers for this growth were a 4.9% increase in capacity, and revenue per seat mile growing slightly by 0.5%. The company’s pre-tax income hit $478 million, a 3.6% margin, with adjusted pre-tax income at $391 million, a 3.0% margin. It also made $400 million in net income with earnings of $1.16 per share, or $0.91 adjusted. Furthermore, UAL generated $3.7 billion from operations and $2.3 billion in free cash while buying back $451 million in shares, finishing with $18.3 billion in cash against $27.7 billion in debt.

United Airlines Holdings, Inc. (NASDAQ:UAL) had its best-ever Q1 performance in operations as premium seats jumped 9.2%, business travel grew 7.4%, and Basic Economy rose 7.6%. International flights stayed strong as Atlantic routes saw 4.7% higher revenue per seat, while Pacific routes jumped 8.5%. Additionally, future bookings in premium cabins are up 17%, and a record 85% of passengers checked in online. The airline also got FAA approval for Starlink WiFi, added international destinations, and flew its biggest Q1 schedule by seat miles ever.

Despite economic uncertainty, United expects solid earnings for Q2 and full-year 2025. United Airlines Holdings, Inc. (NASDAQ:UAL) is cutting domestic flights by 4%, starting in Q3, to boost profits. The company’s strategy focuses on premium seats, keeping costs down, and going green, including investing in the carbon capture company Heirloom. This approach should help United Airlines grow steadily in the worldwide airline business.