Ual futures despite broader equity market caution

Despite broader equity market caution, UAL futures have maintained bid support near $46 thanks to improved international route profitability. Currency tailwinds in Asia-Pacific markets add an additional bullish catalyst. Check out more of Benzinga’s Future Of Mobility coverage by following this link. United Airlines ( UAL ) gained 9.5% in premarket trading. American ( AAL ) rose nearly 9%. And Southwest ( LUV ) added 3.6%. Institutional buying in UAL futures increased by 12% last week, a sign of growing confidence in the carrier’s Q2 profitability outlook. Current models suggest the next potential resistance sits near $