United Airlines 2Q profit of $329M misses Wall Street target
United said strong revenue trends have carried over into the third quarter, with figures indicating higher average fares. Shares of United Airlines Holdings Inc. fell more than 5% in extended trading shortly after the results were released. The second-quarter income reversed a $434 million loss a year earlier but fell far short of the $1.05 billion profit in the second quarter of 2019. Revenue was $12.11 billion, United's best ever in a second quarter and in line with analysts' forecasts. The average United flight was 87% full in the April-June quarter, and for trips within the United States, it was just under 90%.wftv.com
Afraid to fly with unmasked passengers? Call your airline
Customers could find themselves at the mercy of workers at airline customer-service centers. American Airlines CEO Robert Isom said Thursday that the airline hasn’t fielded many refund requests yet. A Delta Air Lines spokesman said customers who wish to cancel a trip should contact the airline. However, as of late Friday afternoon the administration still had not asked any court for an emergency stay of the Florida ruling. Legal experts said the White House appeared mostly interested in appealing the Florida ruling to prevent it from becoming a precedent that could limit the CDC’s power to impose pandemic-related measures in the future.wftv.com
Afraid to fly with unmasked passengers? Call your airline
Airlines say they are offering options — including refunds in some cases — for people worried about flying now that other passengers aren’t required to wear face masks. Customers could find themselves at the mercy of workers at airline customer-service centers. Many people who will be flying in the next few weeks bought their tickets before a federal judge in Florida on Monday struck down the requirement to wear a mask in airports and during flights.news.yahoo.com
Airlines want to bring back passengers banned over masks
DALLAS — (AP) — Airlines have banned several thousand passengers since the pandemic started for refusing to wear masks. Alaska Airlines said this week that banned passengers won't be welcomed back. Southwest said a judge's ruling that struck down the federal mandate won't change its decision to bar an undisclosed number of passengers. Reaction has been mixed to the end of the mask mandate. On Monday, many passengers cheered when told in mid-flight that they could remove their masks.wftv.com
Delta CEO: 8,000 employees have tested positive for COVID-19 over last 4 weeks
>> Read more trending newsEd Bastian, the airline’s CEO, said approximately 8,000 of its 75,000 employees have tested positive for COVID-19 in the last four weeks, CNBC reported. Last week, we reported when Scott Kirby, the CEO of United Airlines, said 3,000 of his employees had tested positive for COVID-19. In an interview with CNBC, Bastian said the Delta employees who tested positive had “no significant health issues.”Delta lost $408 million in the final quarter of 2021, which it blamed on the surge in COVID-19 cases, the AP reported. While cancellations have been slowing, the run of cancellations cost the airline $75 million and is now expected to push the airline’s recovery back, the AP reported. In an interview with the AP, Bastian said: “I don’t think we’re going to see a pickup in bookings or travel during January and probably the first part of February.wftv.com
United cuts flights as about 3,000 workers call out sick from Covid
Travelers push their luggage past baggage claim inside the United Airlines terminal at Los Angeles International Airport (LAX) during the holiday season as the coronavirus disease (COVID-19) Omicron variant threatens to increase case numbers in Los Angeles, California, U.S. December 22, 2021. United Airlines is trimming its schedule to address a surge in sick calls among employees, CEO Scott Kirby told employees. United has about 3,000 workers out sick with Covid, he said, which is about 4% of its workforce. The pilots' union said sick calls among aviators was at a record. American Airlines said it would do the same this week as Covid rates climbed among regional carriers.cnbc.com
American CEO Parker becomes latest airline chief to exit
American Airlines CEO Doug Parker will retire in March and be replaced by its current president, Robert Isom, as the airline seeks to rebuild after massive losses caused by the pandemic. Parker, 60, has led Texas-based American since late 2013, when he engineered a merger with smaller US Airways. Isom, 58, has been the heir apparent since becoming American's president in 2016 after Scott Kirby was forced out and joined United Airlines, where he now serves as the CEO.news.yahoo.com
Delta variant spreads, Southwest no longer sees profit in Q3
The disclosure comes just three weeks after Southwest CEO Gary Kelly said the airline had passed a milestone by earning a profit in June even excluding government pandemic relief. Southwest is the second U.S. airline to lower expectations because of the highly contagious delta variant of COVID-19. Hawaiian Airlines followed with a similar announcement Monday, and Frontier will require workers who don't get vaccinated to undergo “regular” testing for the virus. American Airlines and Delta Air Lines also have stuck to their current strategy of encouraging but not requiring workers to get the shots. Despite the warning from Southwest, shares of the Dallas-based carrier and other U.S. airlines rose slightly in morning trading.wftv.com
US airlines say COVID-19 variants aren't hurting bookings
Airlines-Virus Variants Delta Air Lines passenger jets rest on the tarmac, Wednesday, July 21, 2021, at Boston Logan International Airport, in Boston. Airlines say the current rise in new cases of coronavirus aren't scaring away travelers. “We haven't seen any impact at all on bookings, which continue to just get stronger and stronger every week,” United Airlines CEO Scott Kirby said Wednesday. They worry that the rise of variants could lead governments to reimpose travel restrictions that might short-circuit the travel recovery. “Any decisions about reopening international travel (to the U.S.) will be guided by our own public health and medical experts."wftv.com
US airlines say COVID-19 variants aren't hurting bookings
Rising concern about the fast-spreading delta variant of COVID-19 is creating turbulence for the stocks of big travel companies, but airline executives say they don’t see any slowdown in ticket sales, maybe because a high percentage of their best customers are fully vaccinated. “We haven't seen any impact at all on bookings, which continue to just get stronger and stronger every week,” United Airlines CEO Scott Kirby said Wednesday. Delta Air Lines CEO Ed Bastian said the same thing last week, although he added that variants were continuing to hobble international travel by delaying the opening of borders.news.yahoo.com
United Airlines flies to JFK for the first time since 2015, taking advantage of pandemic lull
United Airlines on Sunday flew to New York's John F. Kennedy International Airport for the first time in more than five years as the carrier takes advantage of a lull in air travel to snag space at the once-congested airport. United's JFK service kicked off with a 7:30 a.m. PT flight from Los Angeles International Airport and a 9:30 a.m. PT flight from its San Francisco International Airport hub. The JFK-San Francisco flight departed at about 5:30 p.m. The airline will operate five flights a week from JFK to Los Angeles and five San Francisco flights a week, doubling that in May. United's New York-area service has been concentrated at its Newark Liberty International Airport hub and at New York's LaGuardia Airport.cnbc.com
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.
Air travel jumps as vaccinations spur vacation bookings, stocks surge
But TSA screenings have topped 1 million every day since Thursday, the highest volumes in a year. It had estimated in January that it would lose $19 million a day during the first three months of the year. Airline CEOs noted that bookings aren't just picking up for the near term, but for the summer vacation season, generally the most lucrative for airlines. "I think that there's going to be more travel going forward, just period," he said at a JPMorgan industry conference. Southwest Airlines said revenue trends are improving as it slightly lowered its forecasts for cash burn in the first quarter.cnbc.com
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 orders electric vertical aircraft, invests in urban air mobility SPAC
Archer Air Source: Archer AirUnited Airlines believes you may someday take a small electric aircraft to get to the airport. Archer Air Source: Archer AirTo go from concept to certified aircraft, Archer is raising $1.1 billion through a SPAC merger with Atlas Crest Investment Corp. Archer Air Source: Archer AirUnited estimates passengers making the 13-mile trip from Hollywood to Los Angeles International Airport in an Archer eVTOL aircraft could reduce CO2 emissions by 50%. In December, California-based Joby bought Uber Elevate with plans to have eVTOL aircraft entering service as soon as 2024. Archer Air Source: Archer Aircnbc.com
United Airlines CEO wants to make Covid vaccines mandatory for employees — and encourages other companies to do the same
A healthcare worker wears personal protective equipment (PPE) during a United Airlines Covid-19 test pilot program at Newark Liberty International Airport in Newark, New Jersey, U.S., on Monday, Nov. 16, 2020. United Airlines' CEO wants to make Covid-19 vaccines mandatory for employees and is encouraging other companies do the same. The United flight attendants' labor union, the Association of Flight Attendants, said its focus is on ensuring vaccine access for crew members. "Right now, Flight Attendants are in different tiers for access in each state," AFA spokeswoman Taylor Garland said in a statement. "We need a federal approach that prioritizes Flight Attendants as essential workers facilitating interstate commerce."cnbc.com
Coronavirus in Illinois updates: Here’s what happened Jan. 22 with COVID-19 in the Chicago area
J.B. Pritzker’s coronavirus reopening plan, state public health officials said Friday. Among other loosened rules, gyms and fitness centers would be allowed to reopen with 50% capacity limits and other public health precautions in place. Parents in Joliet Public School District 86 this week were notified of the decision by the district’s board of inspectors. In Chicago, public health Commissioner Dr. Allison Arwady has predicted most people will get their vaccines from their health care provider, pharmacy or employer. J.B. Pritzker’s coronavirus reopening plan, state public health officials said Friday.chicagotribune.com
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.
Stocks making the biggest moves midday: United Airlines, Apple, Fastly and more
United Airlines – Shares of the major U.S. airline tumbled 6.4% after the company posted a $1.9 billion loss for the fourth quarter. SolarEdge – The smart energy technology company gained more than 5% after Morgan Stanley initiated coverage on the stock with an overweight rating. Fastly – Shares of the cloud computing services provider jumped more than 9% after Oppenheimer upgraded the stock to outperform from perform. Discover Financial — Shares of the financial services company lost 5% despite the company topping analyst expectations for quarterly results. Capri Holdings — Shares rose 1.5% on Thursday after Deutsche Bank upgraded the multinational fashion company to buy from hold.cnbc.com
United Airlines tumbles after posting another big loss, warning about weak demand
United Airlines CEO Scott Kirby joins fellow airline executives, union heads and politicians for a news conference to call on Congress to pass an extension of the Payroll Support Program to save thousands of travel jobs, outside the U.S. Capitol September 22, 2020 in Washington, DC. United Airlines CEO Scott Kirby said Thursday that many more people need to receive coronavirus vaccines before travel demand returns, highlighting difficult months ahead for the industry. United's shares were down more than 5.5% in morning trading, more than any other stock in the S&P 500. The airline posted a $1.9 billion loss after the market closed on Wednesday, marking its fourth quarterly loss in a row. "Until we can put as a society coronavirus in the rearview mirror, it's going to continue to be a tough environment for aviation for everyone who's involved in travel, tourism and leisure," Kirby said in an interview on CNBC's "Squawk Box."cnbc.com
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)