Jim Cramer’s Opinion on 14 Stocks Like Applied Aerospace and Delta Air Lines

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

United Airlines Holdings, Inc. (NASDAQ:UAL) was among the stocks Jim Cramer shared his opinions on during Mad Money. Cramer highlighted the company’s valuation during the episode, as he said:

We’ve seen a lot more discipline from the airlines on pricing. Now, this is something I pointed out last year. Early on in 2025, United said it was seeing flagging domestic demand, so they responded by cutting domestic flights that no longer made financial sense. Rather than cutting price, they just removed lower-margin capacity. All the majors seem to be following this playbook, and it’s been a real boon for business. It really really helps the price-to-earnings multiple…

As for United Airlines, at an industry conference in late May, CEO Scott Kirby explained that his airline has been able to better deal with the “curve balls” that have come their way over the past couple of years, thanks to big strategic changes… This is a new world. Now, as the second half of the year begins, we’re going to have to see proof from these leading airlines that all of this talk about improved strategy and more resilient businesses is actually paying off. Delta and United both offered weaker than expected forecast in the second quarter because at that time, the price of oil was going through the roof. People thought it would go even higher. I think they can beat those low forecast the next time that we hear them… United trades at about 13 times this year’s numbers. Those are the types of multiples that you’ll see for high-quality cyclical names.

United Airlines Holdings, Inc. (NASDAQ:UAL) provides passenger and cargo air transportation through its mainline and regional fleets. In addition, it offers ground handling, flight training, loyalty programs, and maintenance services.