Advan Notable Hits:United Airlines Holdings, Inc. (UAL) & American Airlines Group Inc. (AAL)

October 20, 2023 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (UAL:NASDAQ) On Tuesday October 17, 2023 United Airlines Holdings, Inc. (UAL) posted revenues of $14.48 bn surpassing the mean analyst estimate of $12.86 bn and in the same direction as Advan's forecasted sales. The revenue increased 12.4% YoY inline with Advan's foot traffic data increase of 13% YoY at its US hubs in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.93 on a YoY basis with UAL's top-line revenue over the last 15 quarters.

Advan Hits: UAL correlation traffic vs revenue

Notable Hit 2: (AAL:NASDAQ) On Thursday October 19, 2023 American Airlines Group Inc. (AAL) posted revenues of $13.48 bn slightly missing the mean analyst estimate of $13.53 bn and in the same direction as Advan's forecasted sales. The revenue increased 0.2% YoY inline with Advan's foot traffic data increase of 10% YoY at its US hubs in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.98 on a YoY basis with AAL's top-line revenue over the last 15 quarters.

Advan Hits: AAL correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.