The ban on laptops in the cabins of planes flying from the Middle East to the U.S. is over, according to the U.S. Department of Homeland Security, as large airports in the region have taken steps to increase security.
Those measures include checking electronic devices to make sure they don't contain a bomb, and pulling more people out of airport lines for additional screening.
The IPO could slip until September or later thanks to an airfare war with United Airlines (NYSE:UAL), reports Bloomberg.
Frontier this week laid out plans to add 21 cities to its network and more than double total routes by the middle of next year, all while offering limited-time fares as low as $39.
"The old business model (of Frontier) has run out of growth opportunities in the middle of an IPO process,” said United President Scott Kirby on his company's earnings call. The plan, says Kirby, means Frontier is moving toward a network like United's - connecting flights through major airports - rather than the point-to-point service usually offered by low-cost carriers.
Kirby: "They’re now competing on our turf and trying to be a network carrier in Denver (Frontier's base) ... That is a battle I guarantee United will win.”
United Continental (NYSE:UAL) reports revenue passenger miles increased 3.4% in June to 20.288B. Domestic RPMs +6.0%.
Capacity was up 5.0% to 23.644B available seat miles. Domestic ASMs +7.7%.
June load factor -140 bps to 85.7%. YTD load factor -10 bps to 81.7%.
United says all regions performed in-line with expectations except for the Pacific. The company expects Q2 unit revenue to be up 2.0% Y/Y to fall in the midpoint of its prior range for a 1% to 3% gain.
United Airlines (NYSE:UAL) is in hot water again over forcing a woman flying from Houston to Boston to hold her 2-year-old son on her lap after an employee gave the toddler's purchased seat to a standby passenger.
"What happened to my son was unsafe, uncomfortable and unfair," Shirley Yamauchi told KITV.
United issued an apology five days after the flight.
AAL says it had not sought the investment and the move would not affect its management or strategic direction; AAL also says it would not stop pursuing its subsidy claim against Qatar Airways and other Persian Gulf carriers.
Qatar Airways submitted a filing saying it intends to buy at least $808M worth of AAL stock, or ~16.7M shares at yesterday’s closing price, on the open market, building a 4.75% stake en route to an eventual acquisition of as much as a 10% stake after approval from AAL’s board and U.S. regulators.
A day after Boeing's (BA -0.2%) launch of the 737 MAX 10 at the Paris Air Show, United Airlines (UAL -1.4%) orders 100 of the newest and longest 737 jets and says it will convert 100 previously ordered planes to the new model.
United Continental (NYSE:UAL) CEO Oscar Munoz will deliver remarks at 11 a.m. ET at the Wings Club monthly luncheon in New York.
On watch: Munoz has had to grapple with the fallout from several major public relations disasters in recent months, including the forceful removal of a paying customer from one of United's flights, which prompted an industry-wide conversation on customer service and passenger rights.