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United Airlines said on Tuesday that it's seeing early signs of a recovery in business travel as it reported a smaller-than-expected quarterly loss.
United Airlines parent UAL Corp. is scheduled to report third-quarter results on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
The parent company of United Airlines, UAL Corp., says it plans to offer 19 million shares and $175 million in convertible senior notes due 2029 in a pair of public offerings.
United Airlines has furloughed another 290 pilots, part of previously announced plans to shrink its work force.
UAL Corp., the holding company for United Airlines, said Thursday it named Jane F. Garvey to its board of directors, effective Sept. 23.
UAL Corp. on Thursday tapped an insider to become president of its United Airlines operating subsidiary.
Airlines have taken a huge hit to revenue due to the steep drop-off in demand for air travel. Revenue for the April-June quarter at the parent of United Airlines was off more than 25 percent. Investors want to know when the revenue picture is going to improve. Kathryn Mikells, chief financial officer of United Airlines, discussed the issue in the company's second-quarter earnings conference call with analysts and reporters on Tuesday.
The parent of United Airlines said Tuesday it is cutting international capacity by an extra 7 percent during the last four months of this year, as it posted a $28 million second-quarter profit due to fuel hedge gains and other one-time items.
United Airlines said on Wednesday that it expects a key measure of passenger revenue to drop as much as 18.9 percent in the second quarter, although costs are falling, too.
United Airlines said Tuesday it lost $382 million during the first quarter as it raced passengers to see who could pull back faster on flying. Passengers won, though United has been aggressively cutting costs to try to keep up.
United Airlines parent UAL Corp. reports first-quarter results on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
United Airlines bet big and bet wrong on fuel prices, leading to its announcement Wednesday of a $1.3 billion fourth-quarter loss and 1,000 more layoffs.
United parent UAL reported a $779 million third-quarter loss on Tuesday, by far the biggest airline loss of the season. In the same quarter it suffered from both expensive jet fuel and accounting charges due to falling oil prices.
United Airlines parent UAL Corp. said Tuesday it lost $2.73 billion in the second quarter on a combination of accounting charges and high fuel prices, and said it would reduce its work force by 7,000 people by the end of 2009 as it permanently reduces the amount of flying it does.
United Airlines parent UAL Corp. lost about a third of its market value Tuesday after reporting a $537 million first-quarter loss due to soaring fuel costs and saying it is cutting flights and 1,100 jobs.
United Airlines parent UAL Corp. is in "very good position" to pair up with another carrier despite a money-losing fourth quarter, CEO Glenn Tilton said Tuesday.
UAL Corp. said Tuesday its third-quarter profit surged nearly 76 percent, a better-than-expected performance due largely to pared-down costs and a boost in passenger revenue at United Airlines.
Tribune: Single Visit To News Web Site Led to Drop in UAL StockTribune Co. said the chain of events that caused a 2002 article about United Airlines' then-bankruptcy filing to appear, leading to a plunge in the parent company's shares Monday, began with a single late-night visit to a newspaper Web site.
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