Why Shares of United Airlines Are Up Today

United Airlines Holdings (NASDAQ: UAL) late last week delivered quarterly earnings loaded with near-term pain, with a sprinkle of long-term optimism thrown in. Investors initially focused on the near-term issues, sending shares down on Friday, but on Monday, United shares climbed 5% as the markets digested the airline's outlook. Airlines still have "12 to 15 months of pain, sacrifice, and difficulty ahead," CEO Scott Kirby said on a post-earnings call with investors.