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A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. The fate of U.S. airline workers has shifted dramatically in the three months since the industry won a third payroll support package in March. As more Americans receive COVID-19 vaccines, travel demand has surged, driving the need for more workers. "This announcement makes it clear: the Payroll Support Program (PSP) worked," said Sara Nelson, president of AFA International representing nearly 50,000 flight attendants at 17 airlines including United. "Given the current outlook for the future of United, we continue to move closer to full frontline staffing levels to support our operation," a United spokesperson said.
Persons: Chris Helgren, John Slater, United's, Sara Nelson Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Airlines, Reuters, AFA International, United, United . U.S, Thomson Locations: New York City, New Jersey, U.S, United .
United may split major jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to place a multibillion-dollar order for single-aisle jets to be potentially split between Boeing and European rival Airbus, industry sources said. If confirmed, the deal is expected to include more than 100 of Boeing's (BA.N) 737 MAX 8 and dozens of the slightly larger Airbus (AIR.PA) A321neo, they said, asking not to be identified. The potential Boeing order was first reported by Bloomberg News. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, Thomson Locations: New York City, New Jersey, U.S
United Airlines in talks to buy at least 100 Boeing 737 Max jets - Bloomberg News
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines Holdings Inc (UAL.O) is in advanced talks to buy a large narrow-body aircraft order, which would include at least 100 Boeing Co (BA.N) 737 Max jets as part of a broader fleet revamp, Bloomberg News reported late Wednesday. "We do not currently have a deal in place with Boeing or Airbus to purchase new aircraft and do not comment on speculative aircraft orders," United spokesperson Luke Punzenberger said. In March, the airline had ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth. Reuters last month reported that Boeing had drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, Luke Punzenberger Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Boeing Co, Bloomberg News, Boeing, Airbus, Bloomberg, MAX, Reuters, Thomson Locations: New York City, New Jersey, U.S, United States
United to split major jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to place a multi-billion-dollar order for single-aisle jets potentially split between Boeing (BA.N) and Airbus (AIR.PA), industry sources said. If confirmed, the deal could include over 100 of Boeing's (BA.N) 737 MAX 8 and several dozen larger Airbus (AIR.PA) A321neo jets, they said, asking not to be identified. Boeing and Airbus both said they do not comment on customer discussions. In March, United ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth.
Persons: Chris Helgren, Luke Punzenberger, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, MAX, Thomson Locations: New York City, New Jersey, U.S, United States, COVID
United to split 200-jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to buy around 200 single-aisle jets in a multibillion-dollar revamp set to benefit both Boeing (BA.N) and Airbus (AIR.PA), industry sources said. That portion of the order could include 150 MAX aircraft, it said. Boeing and Airbus both said they do not comment on customer discussions. In March, United ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth.
Persons: Chris Helgren, Luke Punzenberger, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, MAX, Thomson Locations: New York City, New Jersey, U.S, United States, COVID
United Airlines, union agree upon voluntary vaccination scheme
  + stars: | 2021-06-04 | by ( ) www.reuters.com sentiment -0.97   time to read: +1 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris HelgrenUnited Airlines (UAL.O) and a top aviation union on Thursday agreed upon a scheme for voluntary vaccination and record-keeping of the airline's flight attendants, as Americans gear up for a summer of vacation flights. The voluntary program, which recognizes those who have already taken the jab, does not require flight attendants to be vaccinated, the union said. However, flight attendants who choose to take the vaccines through this voluntary program will receive up to three additional vacation days. Last month, United Airlines had reached a deal with its pilots' union that does not make the vaccine mandatory, but provides extra pay to those who receive it.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Chris Helgren United Airlines, The Association of Flight, Thomson Locations: New York City, New Jersey, U.S
United Airlines sees smaller unit revenue decline as summer demand picks up
  + stars: | 2021-05-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo(Reuters) - United Airlines Holdings Inc on Tuesday forecast a smaller fall in second-quarter unit revenue and core margins, and said it expects domestic leisure yields for summer travel to exceed 2019 levels. “Business demand continues to be significantly depressed, though bookings for business travel are starting to recover,” United said. The carrier expects total revenue per available seat mile (TRASM), or unit revenue, to be down about 12% in the second quarter from 2019, compared to its prior outlook of down about 20%. United expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin in the quarter to be down 11%, compared to its prior forecast of down 20%.
Persons: Chris Helgren, ” United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, United, U.S, Southwest Airlines Locations: New York City, New Jersey, U.S, United States, India, Israel
U.S. weighs changes to COVID-19 travel restrictions
  + stars: | 2021-05-20 | by ( David Shepardson | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Chris Helgren/File PhotoThe Biden administration has been weighing changes to sweeping travel restrictions that bar much of the world’s population from coming to the United States, but has reached no decisions, government and industry officials told Reuters. European Union countries agreed on Wednesday to ease COVID-19 travel restrictions on non-EU visitors ahead of the summer tourist season, a move that could open the bloc’s door to all Britons and to vaccinated Americans. Asked whether the United States would allow vaccinated Europeans to enter, a White House spokesman said there were no changes in travel restrictions planned at the moment. A coalition of U.S. and European travel, airline, union, business and airport groups has called for a full reopening of the U.S.-UK air travel market “as soon as safely possible" - and hopes both government will lift restrictions by early June. Since early 2020, the United States has barred nearly all non-U.S. citizens who have recently been in the UK and much of Europe, as well as China, Iran and Brazil.
Persons: Chris Helgren, Biden, Pete Buttigieg, Buttigieg Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Reuters, European Union, U.S . Travel Association, . Transportation, CDC, U.S . Centers for Disease Control, U.S, U.S ., Thomson Locations: New York City, New Jersey, U.S, United States, Europe, Britain, China, Iran, Brazil, Washington, South Africa, India
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo GLOBAL BUSINESS WEEK AHEAD/File Photo(Reuters) - United Airlines said on Monday it would add more than 400 daily flights to its July schedule and increase services to re-opened European destinations as easing pandemic restrictions spur summer travel demand. Summer travel bookings rose 214% from 2020 levels, the airline said, adding that it planned to fly 80% of its U.S. schedule compared to July 2019. The European Union has recommended easing COVID-19 travel restrictions next month to let foreign travelers from more countries enter the bloc. The U.S. carrier has teamed up with Clorox and Cleveland Clinic for cleaning and health safety procedures.
Persons: Chris Helgren, Moody’s Organizations: United Airlines, Newark Liberty International Airport, REUTERS, European Union, Cleveland Clinic Locations: New York City, New Jersey, U.S, Europe, Dubrovnik, Croatia, Athens, Greece, The U.S
United begins repairs on 17 737 MAX planes, expects quick return
  + stars: | 2021-05-13 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) said Thursday it has begun repairing 17 Boeing 737 MAX planes (BA.N) after the largest U.S. planemaker sent carriers bulletins on how to address an electrical grounding issue that halted flights on 109 planes since early April. A United spokeswoman said the airline expects its "Boeing 737 MAX aircraft to return to service in the coming days as we complete our inspection process and ensure those aircraft meet our rigorous safety standards." Reuters first reported late Wednesday that the Federal Aviation Administration had signed off on Boeing's service bulletins. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, planemaker Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Reuters, Federal Aviation Administration, Thomson Locations: New York City, New Jersey, U.S
REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) and two other major U.S. carriers said on Thursday they will quickly repair more than 60 Boeing (BA.N) 737 MAX planes grounded early last month over an electrical problem that could have interfered with some critical systems. Boeing Co (BA.N) sent all affected carriers service bulletins late on Wednesday on how to address the production issue, which had affected 109 planes worldwide. The electrical problem being repaired did not cause any in-service failures, the FAA noted. Shares in the airlines and Boeing were up 1.8% to 2.9% in late morning trading. Airlines removed dozens of 737 MAX jets from service in early April after Boeing warned of the electrical problem, linked to a backup power control unit in the cockpit on planes built since early 2019.
Persons: Chris Helgren, Leslie Scott, Steve Dickson Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Boeing Co, Federal Aviation Administration, Reuters, MAX, FAA, Airlines, Southwest Airlines, Cayman Airways, Copa Airlines, Linhas, Iceland Air, Minsheng Leasing, Neos, Shanding Airlines, Sunwing Airlines, Turkish Airlines, Valla Jets, WestJet Airlines, Xiamen Airlines, Thomson Locations: New York City, New Jersey, U.S, United States, Airlines, Linhas Aereas, TUI, Turkish
Travel between New York and the vacation spots of Nantucket and Martha's Vineyard is heating up. New England hot spots like Cape Cod, Martha's Vineyard, and Nantucket Island are primed for an influx of summer visitors as COVID-19 restrictions wane. Nicolas Economou/NurPhoto/GettyThree major airlines serve Martha's Vineyard and Nantucket from New York's three area airports and Westchester County Airport north of the city. Both airports offer flights to Martha's Vineyard and Nantucket, with service to Provincetown, Massachusetts also available from Westchester. Flights to Martha's Vineyard and Nantucket are available and use private terminals on both ends of the journey.
Persons: Read, Nicolas Economou, John F, Thomas Pallini, It's, John Tlumacki Organizations: Tradewind Aviation, Elite Airways, JetBlue, Airlines, Airline, Service, JetBlue Embraer, Airport, JetBlue Airways, Kennedy International Airport, Newark Liberty International Airport, LaGuardia Airport, Westchester County Airport, Embraer, Delta Air Lines, United Airlines, Bombardier, Elite Airways Bombardier CRJ200, Airways, Vineyard, Air Cape Air, Boston Logan International Airport, Cape Air, JFK, Westchester ., Air, Cessna, Bell, Insider Helicopter, Blade, Pilatus, King Air, Boston Globe, Beechcraft King Air, Tradewind, Aviation Pilatus, Tradewind Aviation Private Locations: New York, Nantucket, Delta, United, New England, New York City, Cape Cod, Massachusetts, New, Westchester, JFK, LaGuardia, Newark, Provincetown , Massachusetts, Westchester and Massachusetts
United to scale back India flying, delay Bangalore launch as pandemic rages
  + stars: | 2021-05-08 | by ( Tracy Rucinski | ) www.reuters.com sentiment -1.00   time to read: +1 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoCHICAGO (Reuters) - United Airlines said on Friday it is temporarily pausing service between Chicago and New Delhi in June and delaying the planned launch of flights between San Francisco and Bangalore as a catastrophic explosion of COVID-19 cases hits demand. United, the only U.S. carrier flying to India, said it will continue its daily flights to Delhi from Newark and San Francisco and to Mumbai from Newark. However, it will “continue to monitor customer demand to determine if any additional changes to its schedule are necessary,” it said. Rival American Airlines plans to launch flights from Seattle to Bangalore, known as the Silicon Valley of India, later this year.
Persons: Chris Helgren, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, CHICAGO, Boeing, American Airlines Locations: New York City, New Jersey, U.S, Chicago, New Delhi, San Francisco, Bangalore, India, Delhi, Newark, Mumbai, Francisco, Seattle, Valley
FILE PHOTO: A United Airlines passenger jet lands at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris HelgrenCHICAGO/WASHINGTON (Reuters) - A group of U.S. lawmakers is demanding that airlines refrain from outsourcing jobs if they want to be eligible for a third round of federal payroll aid, after learning that United Airlines has sought bids to outsource catering work at five airports. Chicago-based United has received $7.7 billion in two COVID-19 relief deals, known as payroll support programs (PSP), to help the airline industry weather the pandemic and protect jobs. United stands to receive another $2.8 billion under a third package set to run through Sept. 30. A Treasury official said more information on the third tranche of airline support would be posted next week.
Persons: Chris Helgren, Janet Yellen, , Yellen, Leigh Schramm, Organizations: United Airlines, Newark Liberty International Airport, REUTERS, U.S, Congress, Treasury, United, Union Locations: New Jersey, U.S, Chris Helgren CHICAGO, WASHINGTON, Chicago, United, Newark , New Jersey, Cleveland , Ohio, Denver , Colorado, Houston , Texas, Honolulu, Hawaii
REUTERS/Chris HelgrenMembers of a U.S. House of Representatives subcommittee will meet on Tuesday with representatives from the biofuels and airline industries to discuss ways to expand production of low-carbon aviation fuel, a panel spokeswoman said. The biofuels industry group represents about 30 companies and the airlines industry group represents about 10 airlines and delivery companies. The virtual meeting is intended to educate subcommittee members about so-called sustainable aviation fuel, an alternative to traditional jet fuel that can be made using animal fat, used cooking oil and plant oils, the sources said. Airlines and renewable fuel producers have promoted sustainable aviation fuel as a way to help reduce aviation industry carbon emissions, though it currently is expensive to make and would require subsidies to be competitive. The Biden administration last month issued a new tax proposal that includes a blender's tax credit for sustainable aviation fuel, which the Treasury Department said would enable "the decarbonization of a key portion of the U.S. transportation sector."
Persons: Chris Helgren, Joe Biden's, Biden Organizations: United Airlines, Newark Liberty International Airport, REUTERS, . House, U.S, Democratic, Committee, Transportation, Infrastructure, Energy, Advanced Biofuels Association, Airlines for, Treasury Department, Air Transport Action, Office, Thomson Locations: New York City, New Jersey, U.S, Airlines for America
REUTERS/Chris HelgrenMembers of a U.S. House of Representatives subcommittee met on Tuesday with representatives from the biofuels and airline industries to discuss ways to expand production of low-carbon aviation fuel, the subcommittee chair told Reuters. The biofuels industry group represents about 30 companies and the airlines industry group represents about 10 airlines and delivery companies. "There's not a lot of SAF (sustainable aviation fuel) being used right now relative to the U.S. demand for aviation fuel writ large, but there's a lot coming online," Larsen said. "The biggest effort from a policy point of view is to include the aviation fuel in the blender's tax credit." Airlines and renewable fuel producers have promoted sustainable aviation fuel as a way to help reduce aviation industry carbon emissions, though it is currently expensive to make and would require subsidies to be competitive.
Persons: Chris Helgren, Joe Biden's, Rick Larsen, " Larsen, Biden Organizations: United Airlines, Newark Liberty International Airport, REUTERS, . House, Reuters, U.S, Democratic, Committee, Transportation, Infrastructure, Energy, Advanced Biofuels Association, Airlines for, SAF, Airlines, Treasury Department, Air Transport Action, Office, Thomson Locations: New York City, New Jersey, U.S, Airlines for America
United Airlines said it expects fuel costs to rise by another 5% in the second quarter. Capacity should reach 45% of 2019's level in the second quarter from 2019, United said. United's adjusted net loss was about $2.40 billion for the first quarter, compared with analysts' average estimate for a loss of about $2.23 billion, according to IBES data from Refinitiv. United forecast its second-quarter total unit revenue, which compares sales to flight capacity, to fall 20% compared with the same period in 2019. Total revenue fell 66% to $3.2 billion in the quarter, compared with the same period in 2019.
Persons: Chris Helgren, Scott Kirby Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Chris Helgren United Airlines, World Health Organization, Delta Air, Thomson Locations: New York City, New Jersey, U.S, United, Refinitiv, Croatia, Greece, Iceland, Chicago
Airlines have used sustainable fuel since 2008 as part of efforts to reduce outright emissions, but so far this represents barely 1% of the fuel used worldwide, industry groups say. United Chief Executive Scott Kirby said part of the aim of the alliance was to create more of a market for sustainable aviation fuels. Environmental critics say offsets do not directly address climate goals and mask the problem of ongoing jet emissions. It has invested in a sustainable aviation fuel producer called Fulcrum BioEnergy. Airline association IATA says lifecycle greenhouse emissions from sustainable fuel can be at least 80% lower than normal fuel and are the only medium-term option for curbing emissions growth, since airlines cannot yet switch to electric planes.
Persons: Chris Helgren, Scott Kirby, , , Japan’s Takeda, ” Kirby Organizations: Reuters, United Airlines, Nike, Siemens, Newark Liberty International Airport, REUTERS, Airlines, United, ” Partners, Palantir, Japan’s, Japan’s Takeda Pharmaceutical Co, Airline, Transport, Environment Locations: New York City, New Jersey, U.S, Chicago, French
United Airlines prepares to shake up white, male-dominated pilot population
  + stars: | 2021-04-06 | by ( Tracy Rucinski | ) www.reuters.com sentiment -0.98   time to read: +2 min
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoThe announcement comes as U.S. airlines resume pilot hiring halted last year during the pandemic and as they find themselves in the crosshairs of politically charged issues involving race. United plans to hire 10,000 pilots by 2030, half coming through its academy, and the rest from other airlines or the U.S. military. There are fewer than 100 black women pilots flying for major airlines, United pilot Carole Hopson said on the call, adding this situation had to change. Becoming a pilot can be a long and costly pursuit and the company is offering $1.2 million in academy scholarships.
Persons: Chris Helgren, Josh Earnest, Carole Hopson, JPMorgan Chase, United Organizations: CHICAGO, United Airlines, Newark Liberty International Airport, REUTERS, United, Delta Air Lines, American Airlines, United Aviate Academy, ., JPMorgan Locations: New York City, New Jersey, U.S, Chicago, Georgia
United Airlines to hire about 300 pilots as travel demand rebounds
  + stars: | 2021-04-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo(Reuters) - United Airlines on Thursday said it would hire about 300 pilots as travel demand rebounds with mass vaccination, according to the company’s internal memo seen by Reuters. United will hire pilots who either had a new hire class date that was canceled or a 2020 conditional job offer.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Reuters, United Locations: New York City, New Jersey, U.S
United Airlines to initially hire 300 new pilots as travel demand rebounds
  + stars: | 2021-04-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo(Reuters) - United Airlines on Thursday said it would hire about 300 pilots as travel demand rebounds as a rising number of Americans get COVID-19 vaccination, according to the company’s internal memo seen by Reuters. United, which has more than 12,000 pilots, will hire pilots who either had a new hire class date that was canceled or a 2020 conditional job offer. Congress in March approved a six-month extension of a government program that gives airlines significant payroll assistance. Since September 2020, almost 1,000 United pilots have either retired or participated in voluntary leave programs but the airline said “the number of new pilots needed will be dependent on our recovery from the COVID-19 pandemic.”United Chief Executive Scott Kirby said on a U.S. aviation summit on Wednesday that domestic leisure demand “has almost entirely recovered.”
Persons: Chris Helgren, Scott Kirby, Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Reuters, United Locations: New York City, New Jersey, U.S
United Airlines on Sunday is set to fly 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 kicks 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. United's New York-area service is concentrated at its Newark Liberty International Airport hub and at New York's LaGuardia Airport. Carriers have pulled back service to the Northeast during the Covid-19 pandemic with business and international travel still at paltry levels, though domestic leisure demand has ticked up nationally. CNBC in September first reported United was planning to return to JFK.
Persons: John F, Scott Kirby, United Organizations: Airlines, Kennedy International Airport, JFK, Los Angeles International Airport, San Francisco International Airport, Boeing, United's, Newark Liberty International Airport, New, LaGuardia, Carriers, Airlines for America, United, American Airlines, CNBC Locations: San Francisco, Los Angeles, United's New York, New York, U.S, New York City, Newark
MILAN/NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. First-half losses last year totalled $14 million after a $13 million net profit over the same span in 2019. If the forecast proves accurate, the shares should trade closer to the bank’s book value. They’re currently valued at around 90% of their estimated 2021 book value, according to Refinitiv forecasts. Bombed-out domestic peers Caixabank and Banco de Sabadell, which trade at just 49% and 17% of 2021 book value, respectively, have even more scope to pleasantly surprise investors.
Persons: Chris Helgren, Paolo Gentiloni, Lisa Jucca, Michael Eavis, It’s, Karen Kwok, Scott Kirby, Kirby, Lauren Silva Laughlin, Joe Biden, Robert Cyran, there’s, Ed Cropley, Zhejiang’s, Jennifer Hughes, Bankinter, Bankinter’s ROE, They’re, Caixabank, Christopher Thompson Organizations: MILAN, Reuters, Corona, United Airlines, New, Newark Liberty International Airport, REUTERS, European, Washington . Revenue, National Center for Health Statistics, Norwegian Air Shuttle, Sequoia, HK, Banco de Sabadell Locations: HONG KONG, New York City, New Jersey, U.S, Glastonbury, EU, Korea, United, Washington ., Oslo, Zhejiang, Sequoia China, New, China
(Reuters) - United Airlines Holdings Inc said on Wednesday it aims to cut about $2 billion of annual costs through 2023 as it charts a recovery from the coronavirus pandemic that drove its fourth straight quarterly loss. FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. United furloughed thousands of employees last October when an initial round of payroll aid for airlines expired. In the current quarter, United said it expects revenue to fall by 65% to 70% from a year ago and its flight capacity to shrink by at least 51%. American Airlines and Southwest Airlines are due to report quarterly results on Jan. 28.
Persons: Chris Helgren, , Joe Biden, Donald Trump, United Organizations: Reuters, United Airlines Holdings Inc, United Airlines, Newark Liberty International Airport, REUTERS, United, Delta Air Lines, American Airlines, Southwest Airlines Locations: New Jersey, U.S, Chicago, Europe, Brazil, Refinitiv
Average U.S. air fares fall to lowest price after COVID-19 pandemic
  + stars: | 2021-01-19 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A United Airlines passenger jet lands at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo/File PhotoWASHINGTON (Reuters) - Average U.S. airfare prices in the three months ending in September fell to the lowest inflation-adjusted price since the government began tracking the issue in 1995, the Transportation Department said Tuesday. The average ticket price was $245, down 30% over the same period in 2019 and down 7% over the second quarter, when average prices were $262 a ticket. Prices have declined as air demand has fallen sharply, especially for business travel. U.S. airlines reported 27 million passengers in the third quarter, down from 86 million passengers a year earlier.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, WASHINGTON, Transportation Department Locations: New Jersey, U.S
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