|Bid||80.39 x 1800|
|Ask||81.15 x 800|
|Day's Range||80.47 - 81.75|
|52 Week Range||67.93 - 97.85|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||9.67|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
United Airlines is canceling another month's worth of flights with Boeing 737 Max planes that were grounded after two deadly accidents.
Pay for CEOs at the biggest U.S. companies climbed 7% last year, widening the chasm between the top executives and their workers, whose pay didn't rise as quickly. Chief executives at S&P 500 companies earned a median of $12 million last year, roughly $800,000 more than the same group of CEOs made the year before. NEW YORK (AP) -- The few women who are CEOs of the largest U.S. companies typically make more money than their male counterparts but aren't close to the top of the leaderboard for pay packages.
The Boeing 737 Max could be grounded even longer as the FAA reportedly expands its safety review to include older 737 models.
The U.S. airline took legal action Friday in Bogota on a defaulted $456 million loan it made to Avianca Chairman German Efromovich as part of the proposed partnership. United is looking to secure Efromovich’s majority stake in Avianca, which was collateral for the loan. The Bogota-based carrier careened into crisis last month when its chief executive officer resigned and the airline revealed the loan breach by Efromovich’s BRW Aviation, the company through which the chairman holds his Avianca shares.
CHICAGO/SEATTLE (Reuters) - United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes. United, which operates 14 737 MAX jets, said the decision would lead to about 40 or 45 daily canceled flights. The Chicago-based carrier joins rivals Southwest Airlines Co and American Airlines Group Inc which had already suspended 737 MAX flights into August as global carriers await regulatory approval for the aircraft to fly again.
United, which is proposing a three-way joint business agreement with Avianca and Panama's Copa, said the move follows a default by Efromovich's holding company BRW Aviation on a $456 million loan it made six months ago. United's loan was backed by Efromovich's 51.5% stake in Avianca. As a result, United is ceding voting rights to Kingsland Holdings, the Colombian carrier’s second-largest shareholder.
If the Big Four airlines believe that they could win approval to acquire smaller airlines, there may be huge bidding wars for both Alaska Air and JetBlue, one analyst said.
A "degree of progress" is being made on understanding the causes of the accidents; the engagement between Boeing and various aviation authorities; and advancing upgrades to the MAX. Although there is a collaborative approach amongst aviation authorities, even if timelines are not synced.
More than 150,000 passengers have passed through Paine Field since Alaska Airlines and United Airlines started offering commercial flights from the terminal in March.
Shares of the world's biggest planemaker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion (£31.5 billion) in market value. The benchmark index is up about 3% during the same period, while the Dow has risen by a marginal 0.2%. If the aircraft is cleared to fly by June, its operators, including Southwest Airlines Co, American Airlines Group Inc and United Continental Holdings Inc, would likely not have to extend costly cancellations that they have already put in place for the peak summer flying season.
United Airlines will extend flight cancellations through Aug. 3 as its 14 Boeing 737 Max flights remain grounded. United Airlines UAL will take its 14 Boeing BA 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights as the plane remains grounded. The move comes a day after the Federal Aviation Administration's acting head said airlines didn't need to extend flight cancellations for Max flights.
MONTREAL/FORT WORTH, Texas, May 24 (Reuters) - The Federal Aviation Administration (FAA) expects to approve Boeing Co's 737 MAX jet to return to service as soon as late June, representatives of the U.S. air regulator informed members of the United Nations' aviation agency in a private briefing on Thursday, sources told Reuters. The target, if achieved, means U.S. airlines would likely not have to greatly extend costly cancellations of 737 MAX jets they have already put in place for the peak summer flying season, but the FAA representatives warned that there was no firm timetable to get the planes back in the air. American Airlines Group Inc, Southwest Airlines Co and United Airlines suspended 737 MAX flights into July and August after the FAA grounded Boeing's best-selling jet in March following two crashes in the space of five months that together killed 346 people.
FORT WORTH, Texas (AP) — After an all-day meeting with global aviation regulators, the chief of the Federal Aviation Administration sounded more upbeat than ever about prospects for clearing the troubled Boeing 737 Max to fly again.
Chile's Supreme Court on Thursday struck down a proposed deal on routes between carriers LATAM Airlines, American Airlines, British Airways and Iberia, upending an agreement meant to reshape international air travel in Latin America. The decision comes more than two years after the carriers announced their plans, termed a joint business agreement.
Once regulators approve Boeing Co (NYSE: BA )'s grounded 737 MAX jets for flight, each aircraft will require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines ...
Millions of people are ready to kick back and relax for Memorial Day Weekend. While most of us hope to take it easy, all of us need to be careful of a very serious threat.
Once regulators approve Boeing Co's grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters. The estimate, provided to Reuters by American Airlines Group Inc, United Airlines and Southwest Airlines Co officials, is the first indication of the time needed to bring the jets out of storage following a worldwide grounding in March spurred by deadly crashes in Indonesia and Ethiopia. The preparations were discussed at a meeting between Boeing and MAX customers in Miami earlier this week, and include a list of items ranging from fluid changes and engine checks to uploading new 737 MAX software.
After delays, cost overruns and heated political debate, construction of Seattle-Tacoma International Airport's international arrivals terminal is advancing.
The Zacks Analyst Blog Highlights: SkyWest, United Continental, Southwest Airlines, American Airlines and Alaska Air
United Airlines Soared after It Reaffirmed Its Earnings Outlook(Continued from Prior Part)Bullish stanceUnited Airlines (UAL) stock could be an intriguing choice for investors, according to Wall Street analysts. The analysts polled by Reuters have
Avianca’s first-quarter loss was the biggest since 2015. The self-made millionaire imperiled the airline’s future by last year offering up his 51.5% stake in Avianca as collateral on a loan from United Continental Holdings Inc. His holding company BRW Aviation quickly breached terms of the contract and, as a result, control of Avianca could pass to United’s hands. While that would likely be a positive for Avianca’s minority shareholders and bondholders, the current uncertainty has created myriad problems for the airline just as it faces down a $550 million bond coming due next year.