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☆ U.S. airlines flag high fuel costs, Southwest's August bookings disappoint
▼ + stars: | 2023-09-06 | by ( Mehr Bedi | ) www.reuters.com time to read: +2 min

[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Southwest Airlines (LUV.N) on Wednesday flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices. United Airlines (UAL.O) and Alaska Air Group (ALK.N) also warned of higher fuel costs in the current quarter as crude oil prices rose for a third straight month in August, amid signs of tightening supply. In a regulatory filing, United said jet fuel prices have climbed over 20% since mid-July. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings.

Persons: Joshua Roberts, Gerald Laderman, Stephen Trent, Mehr Bedi, Abhijith, Aishwarya Jain, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, United, Cowen Transportation Conference, Alaska Air, Citi Research, Thomson Locations: Arlington , Virginia, U.S, Denver, Chicago, Southwest, Bengaluru

The One World trace Center and the New York skyline are seen while United Airlines planes use the tarmac as pilots from United Airlines take part in an informational picket at Newark Liberty International Airport in Newark, New Jersey, U.S., May 12, 2023. REUTERS/Eduardo Munoz/File PhotoAug 4 (Reuters) - United Airlines (UAL.O) on Friday said it is spending $33 million to buy 113 acres (46 hectares) in Denver as part of its growth strategy. Asked if United could use the land to move its corporate headquarters, a United spokeswoman said, "The land in Denver gives us options for the future as we implement our big plans to grow." United is acquiring two parcels, including one just outside Denver International Airport with access to its Flight Training Center. In June 2022, United broke ground on a new four-story building at the flight training facility.

Persons: Eduardo Munoz, United, David Shepardson, Rajesh Kumar Singh, Mark Porter, Jonathan Oatis Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Denver, Airport, Flight Training Center, United, Training, Boeing, Caterpillar, Thomson Locations: York, Newark , New Jersey, U.S, Denver, Chicago, Illinois, Arlington , Virginia, Dallas, Deerfield , Illinois

☆ United gives pilots 5% raises early, citing return to profitability
▼ + stars: | 2022-11-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

United Airlines on Thursday said it was giving pilots 5% raises that were part of a pandemic cost-reduction agreement months ahead of schedule, citing the carrier's return to profitability and upbeat outlook. United is offering the raises during talks for a new contract with its pilots union. The company could have waited until May 2023 to pay the raises, Bryan Quigley, senior vice president of flight operations at United wrote to pilots on Thursday. United pilots overwhelmingly voted down a recent proposed agreement that would have increased pay by about 15% over 18 months. The union said that United pilots plan to picket outside United's flight training center in Denver next Tuesday.

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