United Airlines Holdings (UAL) Valuation: Undervalued Despite Recent Flight Cancellations

United Airlines (UAL) has canceled 510 flights due to a Federal Aviation Administration directive related to the US government shutdown. Despite this, the company has delivered a 7.5% total shareholder return over the past year and a 134% five-year total return. Analysts estimate United's shares are undervalued, with a fair value of $123.20, although our SWS DCF model puts the value at $206.50, double the current share price.