United Airlines has transformed itself into a profitable airline, rivaling Delta Air Lines after nearly two decades of restructuring. UAL stock faces challenges due to macroeconomic fears and overcapacity in the U.S. airline industry as well as operational challenges and higher labor costs. United Airlines has focused on rational international capacity management, slowing fleet acquisitions, and improving customer service to enhance profitability.
Even before Monday's stock market rout, airline shares were having a bad year. Among major carriers, American was having the worst year of all, while United was gaining support from a leading market strategist who now views the Chicago-based carrier as the industry leader.
United Airlines and the Teamsters National Negotiating Committee began collective bargaining for a new contract covering 10,000 aviation maintenance and related workers in the U.S., the union said on Tuesday.
The Labor Department is reviewing United Airlines' leave policies after the carrier implemented stricter measures to crack down on employees abusing sick time.
The Department of Labor announced its looking into United Airlines' new policy that's aimed at combating employees who are abusing the company's sick leave.
United Airlines stock (NASDAQ: UAL) recently reported its Q2 results, with revenues slightly below and earnings above our estimates. The company reported revenue of $14.99 billion and adjusted earnings of $4.14 per share, compared to our estimates of $15.15 billion and $3.99, respectively.
Major airlines reported fewer delays on Saturday as they worked to recover from Friday's IT outage. More than 1,200 flights were canceled Saturday, more than 900 of them in the U.S., according to flight aware.
Athletes and spectators face a scramble to reach Paris in time for the 2024 Olympic Games as a major IT outage continues to cause global air travel chaos. American Airlines and Delta have grounded flights following an apparent issue stemming from a software upgrade at Microsoft's cybersecurity partner Crowdstrike.
United Airlines set a record as it carried 44.4 million passengers — the highest for any second quarter in its history, the company said Thursday (July 18). “We're running the best operation in our history,” United Airlines CEO Scott Kirby said during the earnings call for the quarter ended June 30.
United Airlines Holdings, Inc. (NASDAQ:UAL ) Q2 2024 Results Conference Call July 18, 2024 10:30 AM ET Company Participants Kristina Edwards - Managing Director, Investor Relations Scott Kirby - Chief Executive Officer Brett Hart - President Andrew Nocella - Executive Vice President, Chief Commercial Officer Mike Leskinen - Executive Vice President, Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Andrew Didora - Bank of America Conor Cunningham - Melius Research Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Duane Pfennigwerth - Evercore ISI Sheila Kahyaoglu - Jefferies Brandon Oglenski - Barclays Savi Syth - Raymond James Ravi Shanker - Morgan Stanley Tom Fitzgerald - TD Cowen Mary Schlangenstein - Bloomberg News Claire Bushey - Financial Times Operator Good morning. And welcome to the United Airlines Holdings Earnings Conference Call for the Second Quarter 2024.
United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) shares traded higher after stronger-than-expected profits for the second quarter overshadowed an earnings miss and softer guidance. Adjusted earnings per share (EPS) for Q2 were $4.14, in line with the airline's guidance and ahead of Street estimates of $3.97.
United Airlines (UAL) second-quarter 2024 revenues benefit from an uptick in air-travel demand.