United Airlines parent UAL Corp. posted a second quarter profit of $273 million, emerging from a long financial slump and improving on some closely watched year-over-two numbers. The company cited favorable corporate and premium booking trends and particularly strong transoceanic performance. Analysts speaking with the company's executives on a Tuesday conference call sounded generally impressed. UAL's stock closed the day up more than a buck to $22.01. Why? According to UAL executives,
Here are some comments by UAL Corp. executives, from their second-quarter financial conference call this afternoon, about distribution and risk ...
UAL Corp. chairman and CEO Glenn Tilton spoke at the airline industry's Wings Club in New York Thursday, and focused his prepared comments on familiar topics: taxes are excessive, infrastructure is inadequate, regulation is outdated and industry behavior is dysfunctional. He talked about possible industry consolidation, but was reluctant to answer analysts' and reporters' questions about the JAL saga beyond saying he hopes it
Two senators and three members of Congress have joined 13 congressmen in sending letters to United Airlines seeking a delay in its policy requiring travel agencies to process credit card transactions using their own merchant accounts. Twenty-eight travel agencies, according to sources, received the June 19 United notification requiring them to pay United in cash as of July 20.
Denver - Unionized employee groups for United Airlines and Continental Airlines on Sunday picketed in front of the Colorado Convention Center here just as the Global Business Travel Association was kicking off its annual convention. Chief among the flight attendants' and pilots' complaints are management's efforts to outsource more flying to regional feeder carriers. They also want pay raises, and they want United Continental Holdings CEO Jeff Smisek, appearing at the opening session of the GBTA
Thirteen congressmen on Tuesday wrote to United Airlines asking the carrier to delay by 60 days its policy requiring an unconfirmed number of travel agencies to process credit card transactions using their own merchant accounts and pay the airline in cash. The delay would allow Congress to evaluate the policy's likely effects and take action to mitigate them "if necessary and appropriate."
A story in December discussed the compensation provided to Trip Davis, who at the time was replaced as CEO of TRX and became chairman of the company's board. Based on publicly available financial documents, The Beat's report "disappointed" one of our readers. "Why single out Trip, especially when the compensation of executives at most other major travel companies is usually greater, and the results of those companies are often no better than the results of TRX?" The list below shows the latest a