News for UAL Corp.
Mar 12 · 1:43:00 PM · Source: Company Press Release
United Airlines (NASDAQ:UAUA) has formalized a commitment originally announced in December 2009, signing a firm order for 25 A350-900 XWB aircraft, the newest twin-engine widebody from Airbus. The aircraft will be powered by Rolls-Royce Trent XWB engines. Deliveries of the aircraft will begin in 2016 and run through 2019.
"The A350 XWB will also help us reduce fuel burn and our overall environmental footprint in comparison to older technology aircraft." said John Tague, President of United Airlines. The signing with Airbus comes on the heels of United having finalized an order for 25 Boeing 787-8 jetliners in February with an option for an additional 50 aircraft, as previously reported in MarketBeast. The Airbus and Boeing orders reflect a need to replace its fleet of outdated and expensive to operate older aircraft.
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by Steve Wieczorek
Mar 5 · 2:43:00 PM · Source: Company Press Release
UAL Corporation (NASDAQ:UAUA), parent company of United Airlines, announced today that it has named Dana Sacks vice president - Human Resources Partners and Talent Acquisition. Sacks will be responsible for leading the HR support team for the company's business leaders and for talent acquisition. Most recently Sacks served as vice president of Human Resources for PepsiAmericas.
Sacks will report to Marc Ugol, senior vice president - Human Resources.
"Having Dana join the team reinforces our commitment to further driving a performance culture, and to attracting and retaining a highly talented workforce," said Ugol. "We continue to invest in developing a world class Human Resources organization to help drive our business performance."
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by Steve Wieczorek
Feb 16 · 2:17:00 PM · Source: Company Press Release
United Airlines announced the company was first in on-time performance for domestic scheduled flights among America’s five largest global carriers for 2009 as measured by the U.S. Department of Transportation (DOT) and published in the Air Travel Consumer Report released today.
Among this group of carriers, United climbed to first place for calendar year 2009, surpassing Delta (including its Northwest subsidiary), American, Continental and US Airways, with 81 percent of United flights arriving at their destinations within 14 minutes of the scheduled arrival time. United’s year-over-year improvement on this measure was nearly 10 percentage points. Preliminary statistics indicate the company’s leading performance continued through January 2010
“This performance improvement demonstrates United’s commitment to getting our customers to where they need to be safely and on time,” said John Tague, president of United Airlines. “This is the direct result of the work we did in 2009 through good weather and bad, at each airport, and across every department and work group.”
In late 2008, United launched a back-to-basics effort – Focus on 5 – designed to shape the company’s activities around safety, reliability, customer service and financial performance.
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by Steve Wieczorek
Feb 16 · 1:47:00 PM
Glenn F. Tilton, UAL Chairman, President and Chief Executive Officer of United Airlines, a wholly-owned subsidiary of UAL Corporation (Nasdaq: UAUA), has hinted at the benefits of renewing merger talks with Continental Airlines, saying the market had judged in favor of rival Delta’s takeover of Northwest Airlines, according to the Financial Times.
“The market capitalisation of Delta is approximately twice the combined market capitalisation of United and Continental,” said Tilton.
Jeff Smisek, President and COO of Continental, has since said that he was “very pleased” to remain independent but would review that position if Delta’s takeover of Northwest resulted in higher earnings and tougher competition.
“I think my counterpart [at Continental] has spoken and I think he’s been pretty clear,” Mr Tilton said. “So I accept that as their position and we’re taking full advantage of our partner relationship.”
Merger talks between United and Continental ended in April 2008. Continental then left the SkyTeam alliance headed by Delta and Air France, and joined United in the rival Star Alliance.
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by Steve Wieczorek
Oct 20 · 9:36:00 AM · Source: Market Watch
United Airlines parent UAL Corp. reported a third quarter loss of $57 million, or 39 cents a share, compared to a loss of $792 million, or $6.62 a share, in the same period a year ago. Revenue fell 20% to $4.4 billion from $5.6 billion.
"Against a challenging environment, our people are delivering improvements across the business," said Glenn Tilton, chairman and chief executive. "With the work we have done and the strength of our network, we are poised to see better year-over-year unit revenue performance as economies begin to recover and business travel returns."
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by Rich Pike
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