US air travel rises to highest levels yet since pandemic hit
(AP Photo/Rick Bowmer, File)Across the United States, air travel is recovering more quickly from the depths of the pandemic, and it is showing up in longer airport security lines and busier traffic on airline websites. "Our last three weeks have been the best three weeks since the pandemic hit, and each week has been better than the one prior,” American Airlines CEO Doug Parker said Monday. However, the airlines still have far to go before travel fully returns to pre-pandemic levels. Since the pandemic hit, air travel has picked up a few times — mostly around holidays — only to drop back down. The airline said people are booking leisure trips to beach and mountain destinations but business travel is still lagging.
Airline CEOs, Biden officials consider green-fuel breaks
Airline officials are talking to the Biden administration about support for incentives to use cleaner fuels for airplanes. United Airlines said CEO Scott Kirby asked administration officials to support incentives for sustainable aviation fuel and technology to remove carbon from the atmosphere. A United Nations aviation group has concluded that biofuels will remain a tiny source of aviation fuel for several years. Some environmentalists would prefer the Biden administration to impose tougher emissions standards on aircraft rather than create breaks for biofuels. “We stand ready to work in partnership with the Biden administration.”
United: Small electric air taxis will zip people to airports
United Airlines says it could be using small electric-powered aircraft to take customers to the airport within a few years. United said Wednesday, Feb. 10, 2021, that it will buy up to 200 small aircraft capable of helicopter-style takeoffs and landings from startup Archer. (AP Photo/Nam Y. Huh, File)CHICAGO – United Airlines said Wednesday it will buy up to 200 small electric air taxis to help customers in urban areas get to the airport. United estimated the air taxis could shuttle people from Hollywood to Los Angeles International Airport at about half the carbon emissions per passenger. Chicago-based United portrayed the move as part of a broader plan to invest in technology behind cleaner modes of air travel.
United Airlines shares lose altitude after weak 1Q forecast
FILE - In this Oct. 15, 2020, file photo, a United Airlines airplane takes off over another United plane on the runway at San Francisco International Airport in San Francisco. United also gave a slightly more pessimistic first-quarter outlook than rival Delta Air Lines did just last week. The January-through-March period is a slow time for air travel even in normal years, but United said first-quarter revenue will be down 65% to 70% from a year ago. That prediction was five points worse than Delta forecast and implied no real improvement over United’s fourth quarter. Except for around Thanksgiving and Christmas, U.S. air travel has stubbornly remained down more than 60% from a year earlier.
United Airlines posts $1.9 billion loss in pandemic-laden 4Q
FILE - In this Oct. 15, 2020, file photo, a United Airlines airplane takes off over another United plane on the runway at San Francisco International Airport in San Francisco. United lost $7.1 billion in 2020, an amount exceeded only in 2005, when bankruptcy-related costs pushed the company to a $21 billion loss. That was worse than the $6.62 per share loss predicted, on average, by 19 analysts in a FactSet survey. Revenue tumbled to $3.41 billion, nearly matching the $3.42 billion that was forecast by analysts. Shares of United Airlines Holdings Inc. rose 1% to $45.18 in regular trading before the financial results were released.
United loses $1.8 billion, aims to shift focus to recovery
Empty ticketing counters are seen in Terminal 1 at O'Hare International Airport in Chicago, Wednesday, Oct. 14, 2020. United Airlines, which furloughed 13,000 employees this month, is expected to report a large third-quarter loss as the coronavirus pandemic continues to batter air travel. (AP Photo/Nam Y. Huh)
United loses $1.8 billion, aims to shift focus to recovery
United Airlines, which furloughed 13,000 employees this month, is expected to report a large third-quarter loss as the coronavirus pandemic continues to batter air travel. (AP Photo/Nam Y. Huh)United Airlines financial hole grew deeper over the summer as a modest recovery in air travel slowed down, pushing the carrier to a loss of $1.84 billion in the typically strong third quarter. The results from United, and those issued a day earlier by Delta Air Lines, reinforced the damage that the pandemic is doing to a major industry. Seven months into the worst of the coronavirus impact in the U.S., air travel remains down 65% from a year ago. United, Delta and American rely on business and international travelers for much of their revenue.
United says it will drop widely scorned ticket-change fees
United's move will put pressure on American Airlines and Delta Air Lines to drop their change fees, also $200 on domestic travel. Delta and American said they are waiving change fees for travel affected by the virus through the year's end. Southwest Airlines does not charge change fees, a policy which its CEO says has helped it gain more business. United said that it eliminated change fees for people who buy a standard or premium economy ticket for U.S. travel. United also said that it will extend a broad waiver of change fees including for international travel through Dec. 31.
American, Southwest add to US airline industry's 2Q losses
That pushed the combined loss of the nation's four biggest airlines to more than $10 billion in just three months. Between them, American and Southwest carried 15.4 million passengers from April through June. Earlier, Delta Air Lines reported a $5.7 billion loss that was worsened by writing down investments in global airline partners who have filed for bankruptcy protection, and United lost $1.6 billion. American, based in Fort Worth, Texas, reported a loss of $2.07 billion, compared with a year-ago profit of $662 million. Seattle-based Alaska Airlines said it lost $214 million compared with a $262 million profit a year earlier.
United sees revenue stalling at 50% without a virus vaccine
United Airlines says its face mask requirement now extends to ticket counters and airport lounges. United and all other major U.S. airlines already require passengers to wear masks during flights. United said it limits full flights by substituting larger planes 4,000 times in May and June, it said. Labor is the biggest single expense for most airlines, and United last week warned 36,000 employees that they could be furloughed in October. All of them require passengers other than small children to wear a mask during flights except while eating or drinking.
Major airlines call for testing to restore transatlantic travel
FRANKFURT Major airlines are urging the U.S. and the European Union to quickly restore transatlantic air travel by deploying a joint COVID-19 testing program. The CEOs of United, American Airlines, IAG and Lufthansa Group wrote Tuesday that given the unquestioned importance of transatlantic air travel to the global economy as well as to the economic recovery of our businesses, we believe it is critical to find a way to reopen air services between the U.S. and Europe.They said that a testing program for the transatlantic market could be an excellent opportunity for government and industry to work together and safely restore passenger travel between the U.S. and Europe.The letter was addressed with urgency to U.S. Vice President Mike Pence and to Ylva Johansson, the European commissioner for home affairs. The signers were Scott Kirby for United, Carsten Spohr for Lufthansa, Doug Parker for American, and Willie Walsh at IAG, which owns British Airways and Iberia.
Countries eager for tourists, Tokyo Disneyland reopens
Travelers push their luggage at the departure terminal of the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 1, 2020. Capri has 98% of its stores open in the Asia and EMEA regions. EgyptAir said around 2,000 passengers left the Cairo international airport on 14 international flights, the first regular flights since the coronavirus outbreak. International travelers have been able to fly into Greece since June 15, but only to Athens or Thessaloniki. United plans to fly 52% of its year-ago domestic schedule in August, but only 25% of its previous international flights.
American booking full flights next week; Big Lots still busy
Travelers wear mask as they wait at the American Airlines ticket counter in Terminal 3 at O'Hare International Airport Tuesday, June 16, 2020, in Chicago. Beginning June 16 at American Airlines and June 18 at United Airlines, all passengers and crew members will be required to wear masks to prevent the spread of the coronavirus. (AP Photo/Nam Y. Huh)