United Airlines News Page 17
Strong US dollar drives down profits at United Airlines
United Airlines has reported first-quarter net income of $435 million, excluding special items, earnings per share of $1.23 per diluted share and pre-tax earnings of $688 million. During the first quarter of 2016, the company repurchased $1.5 billion worth of its common stock, representing approximately eight per cent of shares outstanding. “I am extremely proud of United’s nearly 86,000 aviation professionals for their contributions to these strong results – including the improvements in our reliability, customer satisfaction and financial performance,” said Oscar Munoz, president and chief executive officer of United Airlines.
United Airlines and Air New Zealand sign code-share deal
United Airlines and Air New Zealand have announced a joint venture revenue-sharing agreement, deepening the partnership between the two airlines, which are both members of Star Alliance. Under the new revenue-sharing agreement, the carriers will more closely coordinate sales and marketing in order to offer their mutual customers more travel options between the mainland US and New Zealand, as well as to other destinations throughout the airlines’ route networks.
Munoz to return to United leadership following heart attack
United Continental Holdings has confirmed president and chief executive Oscar Munoz plans to return to those roles on a full-time basis on March 14th, 2016 and resume all of his duties and responsibilities at that time. Munoz was forced to step aside last year following a heart attack in October.
American carriers line up to offer Cuba services
United Airlines has submitted its formal application to the US department of transportation for authority to provide service from four of its largest US gateway cities – Newark/New York, Houston, Washington, D.C. and Chicago – to Havana’s José Martí International Airport. At the same time American Airlines issued proposal to operate scheduled services, including ten daily frequencies to Havana from American’s Latin America gateway hub in Miami.
United Airlines to launch longest commercial flight on San Francisco-Singapore route
United Airlines will introduce daily non-stop flights between its San Francisco International Airport hub and Singapore’s Changi Airport, from June 1st, 2016, subject to government approval. United will be the first airline to offer nonstop service between San Francisco and Singapore, and this will be the only non-stop service to the US from Singapore.
Olson takes over top communications role at United Airlines
United Airlines has appointed James Olson to the role of senior vice president of corporate communications, bringing to the airline 25 years of public relations and employee engagement experience. He has worked for several of the world’s most admired and innovative companies, including Starbucks, US Airways and Nissan.
United Airlines records $4.5bn profit for financial 2015
United Airlines has reported its fourth-quarter and full-year 2015 financial results, revealing full-year net income of $4.5 billion, or $11.88 per diluted share, excluding special items. Including special items, UAL reported full-year net income of $7.3 billion.
Heart transplant for United Airlines chief
United Airlines president and chief executive officer Oscar Munoz has undergone a heart transplant, an airline statement confirmed. He is presently in recovery following the operation.
United Airlines rolls out iPhones to airport staff
United has announced the airline will equip its customer service representatives in the company’s US-based hubs with Apple’s iPhone 6 Plus, enabling agents to meet customers’ needs more quickly while having access to additional operational information at their fingertips. United will begin distributing the devices to its more than 6,000 hub-based customer service representatives next year.
United Airlines rolls out enhanced club lounges
United Airlines will unveil new United Club lounges in both Atlanta and San Francisco, offering customers modern designs with stunning panoramic views of the airfields. Also on offer is comfortable seating to work or relax, fresh and healthy food choices, complimentary beverages and plentiful power outlets throughout.
United records net income of $1.7 billion in third quarter
United Airlines has reported third-quarter net income of $1.7 billion, or $4.53 per diluted share, excluding special items. Including special items, UAL reported third-quarter net income of $4.8 billion. These results include a nonrecurring $3.2 billion non-cash gain associated with the reversal of the company’s income tax valuation allowance.
Hart takes over leadership of United Airlines
United Continental Holdings has confirmed its president and chief executive officer, Oscar Munoz, is on medical leave following a heart attack he suffered on October 15th. At this time, it is too soon to know the course of treatment and timing of recovery. In the interim, the UAL board of directors has named Brett Hart, currently United’s executive vice president and general counsel, as acting chief executive.