$UAL is just sitting on its 0.618 Fib, taken from its ATH line and ATL low now
After the 2008 crash and the peak in 2018
Airlines are cyclical and will always move with the economy, right now its current price is showing that the economy is not healthy but after every pull back, there is the start of another cycle
With a PE of 4 now and a FWD PE of 3, $UAL is a solid long term hold.