United Airlines' pilot hiring pause will end next month. The carrier had put new hire training classes on hold in May and June, citing delayed delivery of Boeing planes, but say they're resuming hiring as planned.
United Airlines will hire fewer-than-expected employees this year due to delays in aircraft deliveries from Boeing, a company executive said on Tuesday. Kate Gebo, head of United's human resources and labor relations, told reporters the airline currently expects to hire close to 10,000 new employees in 2024 compared with 13,000 to 15,000 employees planned earlier. United, a prominent customer of Boeing, has been hit by the planemaker's safety crisis.
The average brokerage recommendation (ABR) for United (UAL) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?