United Continental Holdings, Inc (UAL) - NYSE
  • Tue, Feb. 16, 7:06 PM
    • United Airlines (UAL +1.1%) has come to a tentative agreement on a new contract extension with a flight controllers union representing more than 420 dispatchers.
    • The deal would extend the current contract with the Professional Airline Flight Control Association through 2021. It's subject to ratification by the dispatchers next.
    • United now has joint collective bargaining agreements covering most of its represented work groups. The airline's pilots recently ratified a new deal more than a year ahead of schedule.
    • United also recently opened early negotiations for work groups that include ramp and passenger-service agents, storekeepers, load planners, and maintenance and fleet technical instructors, as well as mediated negotiations with the Association of Flight Attendants and the International Brotherhood of Teamsters.
    | Tue, Feb. 16, 7:06 PM | 1 Comment
  • Tue, Feb. 16, 4:59 PM
    • United Continental (NYSE:UAL) mechanics voted overwhelmingly to reject a new six-and-a-half year labor contract, says its union - the Teamsters - who will seek approval from U.S. regulators to strike.
    • The Teamsters says it will petition the National Mediation Board to declare the talks at impasse so the mechanics can go out on strike, even though the board normally would not reach that determination until more bargaining is achieved.
    • UAL's contract offer provided for an immediate 25% raise and bonus checks averaging $9K, but the union objected to the idea of implementing a new wage scale for incoming mechanics.
    • There is "a very high likelihood" based on precedent that the U.S. president would appoint an emergency board to recommend a solution to prevent disruptions to passengers and interstate commerce, says Jerry Glass, president of labor relations consultancy F&H Solutions Group.
    | Tue, Feb. 16, 4:59 PM | 8 Comments
  • Fri, Feb. 12, 6:11 PM
    • In the biggest normalization development to date, U.S. officials will head to Havana Tuesday to sign a deal restarting scheduled commercial air traffic between Cuba and the United States for the first time in more than 50 years.
    • The move will formalize an agreement on terms the two countries came to in December. Scheduled air traffic to Cuba from the U.S. ceased shortly after Cuba's revolution in 1959.
    • Airlines will have 15 days to bid on routes for dozens of flights per day. But the deal allows for just 20 round trips per day overall between the U.S. and Havana, scarcity that could drive up bids substantially. Nine other international airports in Cuba can get 10 daily round trips.
    • The Transportation Dept. will spend about a month collecting information and make a final determination on routes in the summer.
    • U.S. air: DAL +0.7%, LUV +2.6%, JBLU +3.7%, UAL +2.9%, AAL +3.6%, VA +2.2%.
    | Fri, Feb. 12, 6:11 PM | 23 Comments
  • Thu, Feb. 4, 7:40 AM
    • Delta Air Lines (NYSE:DAL) and United Continental (NYSE:UAL) say they will offer to reassign crew members concerned about flying into regions where the Zika virus has broken out. The CDC has warned that the Zika virus can be transmitted from a pregnant mother to her fetus.
    • Labor unions have criticized carriers in the past for being slow to respond to health concerns.
    • Major airlines haven't weighed in yet if booking trends have changed due to the Zika epidemic.
    | Thu, Feb. 4, 7:40 AM
  • Thu, Jan. 28, 2:28 AM
    • American Airlines (NASDAQ:AAL) has expanded its refunds for pregnant customers visiting areas impacted by the Zika virus to include Puerto Rico, Martinique and nine countries in the Americas and Caribbean.
    • The move follows refund announcements by airlines such as United Continental (NYSE:UAL), Latam (NYSE:LFL) and others.
    • Since there is no vaccine or specific drug to treat Zika, stopping travel to locations that have Aedes mosquitoes is the primary form of preventing the virus from spreading to the U.S.
    | Thu, Jan. 28, 2:28 AM | 4 Comments
  • Wed, Jan. 27, 10:14 AM
    • Airline stocks are higher in early trading as they move in the opposite direction of broad market averages. Some analysts think the sector could draw in investors in a late reaction to the drop in crude oil prices.
    • Hawaiian Holdings (NASDAQ:HA) is up 13.5% after a solid earnings report and analyst upgrade.
    • United Continental (UAL +2.2%), Virgin America (VA +1.9%), and American Airlines Group (AAL +0.8%) are also scrapping for gains.
    | Wed, Jan. 27, 10:14 AM
  • Wed, Jan. 27, 7:29 AM
    • United Continental (NYSE:UAL) discloses that two investment firms added to their significant stakes in the company.
    • Altimeter Capital Management now holds a 3.1% position in UAL, while PAR Capital Management is up to 2.4%.
    • Both firms aren't the quiet type and have already engaged in discussions with United.
    • SEC Form 13Ds: PAR Capital Management, Altimeter Capital Management.
    | Wed, Jan. 27, 7:29 AM
  • Sat, Jan. 23, 2:46 PM
    • The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
    • The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
    • The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
    • The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
    • Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
    • Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
    • Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
    | Sat, Jan. 23, 2:46 PM | 71 Comments
  • Fri, Jan. 22, 11:28 AM
    • United Continental (UAL +3.7%) works out a deal with the Air Line Pilots Association covering all 12K company pilots.
    • The new agreement extends the labor contract to January 31, 2019.
    | Fri, Jan. 22, 11:28 AM | 8 Comments
  • Fri, Jan. 22, 8:01 AM
    • Major airline carriers are considering adjusting their fuel hedging strategies after leaving some profit off the table with crude oil prices staying at depressed levels.
    • United lost six full percentage points of fuel expense cost reduction in Q4 due to hedging, while no-hedging American Airlines (NASDAQ:AAL) paid on average about $0.30 less per gallon during the quarter than its large rivals.
    • Executives with Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), and United Continental (NYSE:UAL) all confirmed that a lower level of hedging may be used in the near future. One option is using hedging as catastrophic event insurance - instead of attempting to smooth out costs.
    | Fri, Jan. 22, 8:01 AM | 44 Comments
  • Fri, Jan. 22, 5:03 AM
    • A massive winter storm is barreling toward Washington D.C., with the system poised to drop near-record snowfall on the U.S. capital before walloping other cities with blizzard conditions.
    • The National Weather Service described the storm as "potentially crippling" for a swath of the Northeast, with snowfall exceeding two feet in many metro areas.
    • Airlines have canceled thousands of weekend flights, with many of the 2,200 cancellations set for Friday.
    • Related tickers: AAL, DAL, JBLU, LUV, SAVE, UAL
    | Fri, Jan. 22, 5:03 AM | 9 Comments
  • Thu, Jan. 21, 8:19 AM
    • United Continental (NYSE:UAL) reports lower revenue in the Atlantic (-3.2%), Pacific (-8.6%), and Latin America (-12.6%) businesses as a strong U.S. dollar and some weak booking trends in certain markets took a toll.
    • Overall passenger revenue per available seat mile fell 6% to $0.1148 in Q4, a mark that's lower than some of UAL's peers.
    • Average fuel costs were down 42% during the quarter (-36% if hedges are included).
    • United CEO Oscar Munoz is expected to take part in the earnings call (webcast) at 10:30 a.m. EST in a positive step following his heart transplant surgery.
    • Previously: United Continental misses by $0.04, misses on revenue (Jan. 21 2016)
    • UAL -0.33% premarket to $44.97.
    | Thu, Jan. 21, 8:19 AM
  • Thu, Jan. 21, 8:03 AM
    • United Airlines (NYSE:UAL) has agreed to acquire 40 Boeing (NYSE:BA) 737-700 aircraft, which will enter its fleet beginning in mid-2017.
    • The planes will replace a portion of the capacity currently operated by the regional partners, as the company reduces more than half the number of 50-seat aircraft in its fleet by 2019.
    • The deal is a blow to Bombardier (OTCQX:BDRAF, OTCQX:BDRBF), which has sought a major customer to give momentum to its CSeries jet.
    | Thu, Jan. 21, 8:03 AM | 11 Comments
  • Thu, Jan. 21, 7:35 AM
    • United Continental (NYSE:UAL): Q4 EPS of $2.54 misses by $0.04.
    • Revenue of $9.04B (-2.9% Y/Y) misses by $40M.
    | Thu, Jan. 21, 7:35 AM
  • Wed, Jan. 20, 5:30 PM
    | Wed, Jan. 20, 5:30 PM | 3 Comments
  • Wed, Jan. 20, 10:32 AM
    • Nervous trading surrounds airline stocks even with oil prices reaching new lows. There was also some data released today on fares.
    • Airline fares fell 1.1% M/M in December as promotional activity increased in key markets, according to the Bureau of Labor Statistics.
    • The average fare in December was 3.0% lower than the level from a year ago on an unadjusted basis.
    • There's been reports from industry watchers that fares have moved lower in January as carriers scrap for market share.
    • Early reports from Delta and Spirit on Q4 results were strong, but the sector is sharply lower on overriding macro concerns: Southwest Airlines (LUV -4.3%), United Continental (UAL -5.1%), Delta Air Lines (DAL -4.6%), American Airlines Group (AAL -4.7%), JetBlue (JBLU -2.5%), Alaska Air Group (ALK -2.9%), Hawaiian Holdings (HA -5.7%), Spirit Airlines (SAVE +1.9%), Allegiant Travel (ALGT -0.3%), Republic Airways (RJET -6.5%), Virgin America (VA -3.4%), SkyWest (SKYW -5.8%).
    • Related ETF: JETS.
    • BLS CPI data
    | Wed, Jan. 20, 10:32 AM | 26 Comments
Company Description
United Continental Holdings, Inc. is a holding company and its principal, wholly-owned subsidiaries are United Airlines, Inc. It transport people and cargo through their mainline operations. The company offers satellite based Wi-Fi, including on long-haul overseas routes. United Continental... More
Sector: Services
Industry: Major Airlines
Country: United States