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United Airlines said Monday it will lose money in the first three months of this year because of the grounding of its Boeing 737 Max 9 planes after a panel blew out of a Max jetliner this month. United said it expects to lose between 35 cents and 85 cents per share in the first quarter. United said it will recover to earn a full-year profit of between $9 and $11 per share. United has 79 Max 9s in its fleet, which numbers around 1,000 planes, not counting those used by regional affiliates. Shares of United Airlines Holdings Inc. fell 1% in regular trading, but rose 7% in the first few minutes of extended trading after release of the financial results and forecasts.

Persons: Max Organizations: Airlines, Boeing, Max, United, Alaska Airlines, Federal Aviation Administration, FactSet, United Airlines Holdings Inc Locations: Alaska, Oregon, Chicago

United Airlines says that it will start boarding passengers in economy class with window seats first starting next week, a move that will speed up boarding times for flights. The plan, known as WILMA, for window, middle and aisle, was tested at four domestic locations and one hub. Those with window seats will board first, followed by those with middle seats and then those with aisle seats. United and many other airlines halted the flights shortly after Hamas militants attacked Israel on Oct. 7. Shares of United Airlines Holdings Inc. fell more than 8% Wednesday.

Persons: WILMA, There's, United Organizations: Airlines, United, Tel, United Airlines Holdings Inc Locations: Tel Aviv, Israel

Two other defendants, American Airlines (AAL.O) and Southwest Airlines (LUV.N), previously settled for a respective $45 million and $15 million. Delta and United called their seating capacity reductions a legitimate response to reduced demand, rising fuel prices and the 2008 global financial crisis. Both carriers went through bankruptcy not long before the purported conspiracy began, with United emerging in 2006 and Delta emerging in 2007. United said it was disappointed with the judge's decision, and will seek to have it reconsidered or file an appeal. Payouts will not begin until claims against Delta and United are resolved.

Persons: Doug Parker, Gary Kelly, Scott Kirby, John Laughter, Sara Nelson, Colleen Kollar, Defendants, Kotelly, United, Jonathan Stempel, Grant McCool Organizations: American Airlines Group Inc, Southwest Airlines Co, United Airlines Holdings Inc, Delta Air Lines Inc, Delta Air Lines, United Airlines, Washington , D.C, American Airlines, Southwest Airlines, U.S . Department of Justice, Passengers, United, Delta, Antitrust Litigation, District of Columbia, Thomson Locations: U.S, Washington ,, New York

☆ United Air CEO sees pilot deal adding over $8 bln in costs - Bloomberg News
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

The move comes at a time when pilots in North America are pushing for better pay and working conditions during their talks with company managements over new employment contracts. Delta Air Lines' (DAL.N) landmark pilots contract, which offers $7 billion in higher pay and benefits in March has put pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. United's CEO Scott Kirby told Bloomberg News that the company has been negotiating weekly to reach a formal agreement with the union. United did not immediately respond to a Reuters request for comment. Reporting by Priyamvada C in Bengaluru; Editing by Shilpi Majumdar and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Scott Kirby, Priyamvada, Shilpi Majumdar, Shailesh Organizations: United Airlines Holdings Inc, Bloomberg, Delta Air Lines, Bloomberg News, Thomson Locations: U.S, North America, Bengaluru

☆ United Air expects new pilot offer to add over $8 bln in costs
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

Delta Air Lines' (DAL.N) landmark pilots contract in March, which offers $7 billion in higher pay and benefits, has put pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. Earlier this month, the company's pilots union voted to authorize a strike vote - a bargaining tactic unions have been using in contract negotiations. However, Kirby did not reveal details included in the proposal, other than to say United would top the recent deals agreed to by its two biggest rivals. "We have disagreed with the company on the costing of items and they, in our opinion, have inflated many. Meanwhile, shares of United Airlines rose 3.5% in afternoon trade, benefiting from broader market gains.

Persons: Scott Kirby, Kirby, Priyamvada C, Nathan Gomes, Allison Lampert, Shilpi Majumdar, Shailesh Kuber, Pooja Desai Organizations: United Airlines Holdings Inc, Delta Air Lines, Bloomberg, Air Line Pilots Association, Reuters, United Airlines, Thomson Locations: North America, Chicago

☆ United Airlines pilots union votes to authorize a strike vote
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] 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 PhotoJune 2 (Reuters) - The United Airlines Holdings Inc (UAL.O) pilots union has unanimously voted to authorize a strike vote, the union chair said in a letter to pilots on Friday. "You'll receive more communication regarding this impending strike vote in the coming days," the letter says. A spokesman for the Air Line Pilots Association (ALPA) said it has not yet set a date for the strike vote. Since then, United pilots have been protesting for a better deal.

Persons: Eduardo Munoz, we're, United's, Kanjyik Ghosh, Gokul Pisharody, William Mallard Organizations: Pilots, United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Air Line Pilots Association, Delta Air Lines, Industry, ALPA, United, Thomson Locations: Newark , New Jersey, U.S, North America, Bengaluru

☆ United Airlines CFO to retire in 2024
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: 1 min

May 31 (Reuters) - United Airlines Holdings Inc (UAL.O) said on Wednesday its Chief Financial Officer Gerry Laderman had announced plans to retire from the carrier in 2024. Reporting by Aishwarya Nair in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Gerry Laderman, Aishwarya Nair, Rashmi Organizations: United Airlines Holdings Inc, Thomson Locations: Bengaluru

☆ Factbox: Pilots, airlines seek to strike new contracts ahead of peak travel season
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

SOUTHWEST AIRLINES CO (LUV.N):The Southwest Airlines Pilots Association (SWAPA) in May said its members at the company approved a strike mandate. It added that 98% of its members participated in the vote and 99% voted in favor of authorizing a strike. UNITED AIRLINES HOLDINGS INC (UAL.O):Last year, ALPA said 94% of the nearly 10,000 United Airlines pilots voted to reject a contract offer. SPIRIT AIRLINES INC (SAVE.N):In January, ALPA said pilots at Spirit Airlines voted to ratify a new contract. More than 97% of the union members took part in the vote and 99% of them authorized union leaders to call a strike, if needed.

☆ Alaska Air posts bigger-than-expected loss as costs mount
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

April 20 (Reuters) - Alaska Air Group (ALK.N) on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins. Earlier this month, American Airlines Group Inc (AAL.O) forecast first-quarter profit below market expectations, joining rival United Airlines Holdings Inc (UAL.O) in signaling a hit from increasing costs. In January, Alaska Air warned that it would face pressures from higher labor costs and expenses related to pilot training as it phases out Airbus SE (AIR.PA) jets in favor of Boeing Co (BA.N) planes. Shares of Alaska Air fell 1.49% in premarket trading on Thursday after the company forecast second-quarter cost per available seat mile (CASM), excluding fuel, to rise between 1% and 3%. Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ United Airlines reaches contracts with better pay for 30,000 ground workers
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - United Airlines Holdings Inc (UAL.O) CEO Scott Kirby said on Wednesday the carrier has reached an agreement in principle with a workers union over new contracts that include higher wages for its nearly 30,000 ground workers. The pacts come as airlines strive to retain workers with attractive pay and benefits after a faster-than-expected rebound in U.S. travel demand following the pandemic triggered a shortage. Members covered by the tentative agreements would get more details, the union said in a statement, adding that a ratification vote would be scheduled shortly. The agreements cover seven different work classifications at United Airlines, including fleet service workers, passenger service workers, storekeepers, central load planners, maintenance instructors, fleet technical instructors and security officers. Reporting by Nathan Gomes in Bengaluru; Editing by Shweta Agarwal and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Delta to launch flight academy to train more pilots
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +1 min

March 21 (Reuters) - Delta Air Lines Inc (DAL.N) said on Tuesday it would launch a flight academy to train pilots for the airline as the industry struggles with a shortage of aviators. The carrier said the academy, operated in partnership with training provider Skyborne Airline, would start training its first batch of students in June. The Delta Propel Pilot Academy will be based in a 12,000-square-foot facility situated within Skyborne's Florida campus, the statement said. Atlanta-based Delta joins United Airlines Holdings Inc (UAL.O), which agreed to purchase a flight training academy in Phoenix in 2020, in an effort to bolster its roster of pilots. Reporting by Priyamvada C in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street ends green as inflation cools, bank jitters ebb
▼ + stars: | 2023-03-14 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Financial stocks clawed back some losses, with the S&P 500 Banks index (.SPXBK) coming back from its steepest one-day sell-off since June 2020. Bank contagion fears were allayed on Tuesday as reassurances by U.S. President Joe Biden and other global policymakers vowed the crisis would be contained. Even so, inflation has a considerable way to go before approaching the central bank's average annual 2% target. [1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 14, 2023. The S&P 500 banking index (.SPXBK) reclaimed territory lost to Monday's plunge, its biggest one-day drop since June 2020.

Consumer Price Index (CPI) rose 0.4% in February from 0.5% in January as Americans faced persistently higher costs for rents and food. On a yearly basis, the CPI rose 6% in February, compared with 6.4% the previous month. The S&P 500 banking index (.SPXBK) rose 2.9% after recording its biggest one-day percentage drop since June 2020 in the previous session. Advancing issues outnumbered decliners by a 6.05-to-1 ratio on the NYSE and by a 3.52-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and five new lows, while the Nasdaq recorded 18 new highs and 79 new lows.

Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. Traders held on to bets of a 25-basis-point rate hike at the Fed's next meeting in March, with odds of a pause in hikes slipping a bit to 17%. The S&P 500 banking index (.SPXBK) rose 3.9% after recording its biggest one-day percentage drop since June 2020 in the previous session. Advancing issues outnumbered decliners by a 7.92-to-1 ratio on the NYSE and by a 4.87-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 9 new highs and 36 new lows.

☆ Sustainable Aviation Fuel No Quick Fix to Greening Air Travel
▼ + stars: | 2023-03-14 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Oscar the Grouch is United Airlines’ pitchman for a new advertising campaign touting the environmental benefits of jet fuel made from waste. It can cut emissions by up to 80% compared with conventional jet fuel, depending on the feedstock used. First, the sustainably derived fuel is typically two to four times as expensive as conventional jet fuel. Globally, jet fuel cost can be volatile but was around $2.76 a gallon as of March 3, according to the International Air Transport Association. Hydrogen’s energy density makes it more promising as a jet fuel.

CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc (UAL.O) on Monday forecast an unexpected loss in the current quarter, citing lower demand as well as higher costs from a potential contract deal with pilots. Booming travel demand has allowed U.S. carriers including United to offset cost pressures with higher ticket prices. United said a combination of lower-demand in January and February and higher capacity has weakened its pricing power. The Chicago-based carrier now expects an adjusted loss between 60 cents and $1.00 per share for the quarter through March. United and American Airlines (AAL.O) are now under pressure not just to conclude their pilot contract negotiations, but also better Delta's deal.

CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc (UAL.O) on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares. The Chicago-based carrier now expects an adjusted loss between 60 cents and $1.00 per share for the quarter through March. United expects higher non-fuel operating costs in the current quarter due to a potential new contract deal with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations. As a result, it now expects non-fuel operating costs to be flat to up 1% year-over-year. Meanwhile, a combination of lower-demand in January and February and higher capacity has weakened its pricing power.

☆ United Airlines Shares Fall as Carrier Warns of First-Quarter Loss
▼ + stars: | 2023-03-13 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

United Airlines Holdings Inc. shares fell late Monday after the airline operator said it expects to post a loss in the current quarter due to expenses tied to a potential agreement with its pilots union and weaker traveling trends to start the year. The airline operator said in a securities filing that it expects an adjusted per-share loss of between $1 and 60 cents in the first quarter, compared with a previous projection for a profit between 50 cents and $1 a share. Analysts polled by FactSet, meanwhile, were expecting first-quarter earnings of 64 cents a share.

JetBlue will face "an uphill battle" as it fights the government," said Diana Moss, president of the American Antitrust Institute. "If I'm JetBlue, that's where I focus right now, developing that divestiture offer and lining up a buyer to 'litigate the fix,'" said Dryden. Whatever arguments JetBlue uses, a court fight could last six to eight months and cost tens of millions of dollars in attorney fees, legal experts said. Bill Baer, head of the Justice Department's antitrust division under former President Barack Obama, said the government's complaint "shows that there is meaningful competition between Spirit and JetBlue." "JetBlue brags about the 'JetBlue effect,' where they enter a market and fares tend to go down," he said.

☆ United Airlines Creates Fund for Sustainable Aviation Fuel
▼ + stars: | 2023-02-21 | by ( Amrith Ramkumar | ) www.wsj.com time to read: 1 min

United Airlines has been one of the most aggressive airlines in acting on climate change. United Airlines Holdings Inc. is launching a fund backed by several big-name aerospace and financial companies to invest in startups aiming to produce sustainable aviation fuel, in one of the largest efforts yet to lower emissions from air travel. Created through United’s venture investing arm, the new fund will start with more than $100 million from the company and partners including Air Canada , Boeing Co., JPMorgan Chase & Co., Honeywell International Inc. and General Electric Co., United said Tuesday.

☆ Frontier Airlines introduces new family seating policy
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

Feb 21 (Reuters) - U.S. budget carrier Frontier Airlines said on Tuesday it has introduced measures under which at least one parent will automatically be seated with any children within their family group who are under the age of 14, at no additional cost. This comes after President Joe Biden, earlier this month, harshly criticized U.S. airlines saying they were charging families unfair fees and vowing to implement new consumer protections. This also prompted United Airlines Holdings Inc (UAL.O) to announce on Monday "an improved family seating policy" that will make it easier for children under 12 years to sit next to an adult in their party for free. The complete policy change will go into effect in early March. Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ United Airlines to Ease Family Seating Fees
▼ + stars: | 2023-02-20 | by ( Alison Sider | Dawn Gilbertson | ) www.wsj.com time to read: 1 min

United Airlines says its new family seating approach will be fully implemented by early March. United Airlines Holdings Inc. said it would make it easier for parents to book airplane seats next to their young children without paying a fee, making a change to a common practice that has come under scrutiny by regulators. United on Monday said it has made changes to its seat-map tool to help seat children younger than 12 years old next to an adult in their party without a fee. When needed, the tool will make “preferred” seats in economy cabins—often aisle or window seats—available without an additional fee.

☆ Battery Catches Fire on United Airlines Plane, Sending Four Flight Attendants to Hospital
▼ + stars: | 2023-02-08 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Four United Airlines flight attendants were taken to a hospital on Tuesday after a passenger’s battery pack caught fire, forcing the plane to turn around and go back to San Diego, the airline said. United Airlines Holdings Inc. said that after the battery pack ignited, the flight crew on the New Jersey-bound plane acted quickly to contain the device.

☆ FAA Seeks to Fine United Airlines $1.1 Million for Allegedly Missing Safety Checks
▼ + stars: | 2023-02-06 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

The FAA alleges that United had removed a check of its Boeing 777 aircraft’s fire-warning system from preflight checklists. Air-safety regulators are seeking to fine United Airlines Holdings Inc. more than $1.1 million for allegedly flying its Boeing 777 aircraft without conducting certain required checks of a fire-detection system. The Federal Aviation Administration alleges that United removed a check of the 777’s fire-warning system from preflight checklists in 2018.

☆ Travel Stocks Soar After Pandemic Struggles
▼ + stars: | 2023-02-03 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

The travel industry is making a comeback from Covid-19. Consumers have flocked to the skies, after the worst of the pandemic essentially shuttered the travel industry. Shares of companies focused on travel are among the early winners of 2023. United Airlines Holdings Inc. and American Airlines Group Inc. have advanced 39% and 34%, respectively. Caesars Entertainment Inc. has advanced 29%, while Marriott International Inc. is up 18%.

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