Oct. 12, 2010 at 4:52 p.m.
Filed under:
Airlines,
Airplanes,
Airports,
China,
International
By Julie Johnsson
Like rival American Airlines, United Airlines wants to expand its reach into China and has asked federal officials for permission to begin daily flights from Los Angeles to Shanghai starting in May 2011.
The new service would expand United’s reach in Asia’s booming air travel market, which has rebounded from the recent global recession faster than the U.S. and Europe.
Chicago-based United also seeks to take advantage of additional flights between the U.S. and China that will become available in 2011 under a recent trade agreement that loosened the tightly regulated market for air travel between the two countries. Get the full story »
By Reuters
United-Continental CEO Jeff Smisek, center, talks with two employees on Sept. 23, 2010, in Houston. (Tribune)
Airline company United Continental Holdings Inc., formed Friday in the merger of UAL and Continental Airlines, said Chief Executive Jeff Smisek would receive an annual salary of $975,000.
Smisek, who had been CEO of Continental, may also receive 150 percent of his salary as an annual bonus. Pay details were disclosed by the company in a Securities and Exchange Commission filing Friday.
UAL and Continental merged to create the world’s largest carrier by traffic. Get the full story »
July 9, 2010 at 2:44 p.m.
Filed under:
Airlines,
Earnings,
Economy,
Stock activity
By Julie Johnsson
Shares of United Airlines’ parent UAL Corp. rose on Friday, after the Chicago-based airline reported stronger passenger revenue gains than its peers for the month of June.
After the close of Thursday’s trading session, United announced that its consolidated passenger revenue per available seat mile — a standard measure of airline revenues — increased an estimated 30.5 percent to 31.5 percent in June versus prior-year results. Get the full story »
June 2, 2010 at 11:17 a.m.
Filed under:
Airlines,
Stock activity
From Bloomberg | Shares of US Airways Group Inc. and United Airlines parent UAL Corp. were higher on Wednesday after Continental Airlines beat analysts’ estimates for monthly unit revenue. The Bloomberg U.S. Airlines Index of 12 carriers climbed as much as 4.2 percent to its highest intraday value since April 26.
Get the full story: businessweek.com.
