United Continental has confirmed that Edward “Ted” Philip is joining its Board of Directors. Philip brings to United nearly three decades of leadership across the technology, health care and financial services sectors.
United Airlines has said its results for the third quarter are “not at the level we expected or deem acceptable” after selling too many cheap seats. The US-based carrier – which includes the merged Continental Airlines – earned $379 million during the period, or 98 cents per share.
United Continental has reported third-quarter 2012 net income of $520 million, or $1.35 per diluted share, excluding $514 million of net special charges. Including special charges, UAL reported third-quarter 2012 net income of $6 million - a fall of 99 per cent on the previous year.
United Continental Holdings has reported a first-quarter 2012 net loss of $286 million or $0.87 loss per share, excluding $162 million of net special charges consisting primarily of integration-related costs. Including special charges, UAL - which operates United and Continental Airlines - reported a first-quarter 2012 net loss of $448 million or $1.36 loss per share.
United Continental Holdings, today launched the MileagePlus Gift Card Exchange, a first-of-its-kind program that enables MileagePlus members to convert the remaining value of unused or partially used retail gift cards into award miles.
WestJet Airlines has requested permission to contribute to a Competition Bureau investigation into a joint venture between Air Canada and United Continental Holdings. The Canadian low-cost carrier argues the deal could hurt its ability to compete on flights to the United States
United Continental Holdings has announced it will invest more than a half-billion dollars in its onboard product. Product improvements include adding flat-bed seating on 62 additional long-haul aircraft, bringing total aircraft with flat-bed seats to 185.
While perhaps the most global of industries, aviation has failed to create a truly global airline. But with rising fuel costs, falling prices and natural disasters all taking a toll, the crunch for legacy carriers across the globe is fast approaching. Here Breaking Travel News looks at the various strategies open to airlines as they seek to survive.
Approximately 100 to 200 pilots will fly for Continental
United Continental Holdings, Inc. today announced that it is notifying holders of the $726,000,000 outstanding principal amount of its 4.50% Senior Limited-Subordination Convertible Notes due 2021 (the “Notes”) that they have an option, according to the terms of the Notes, to require the company to purchase, on June 30, 2011