Key Developments: United Continental Holdings Inc (UAL)
34.37USD
24 May 2013
$0.01 (+0.03%)
$34.36
$34.13
$34.57
$33.84
1,885,954
4,574,847
$35.27
$17.45
Latest Key Developments (Source: Significant Developments)
United Continental Holdings Inc Names Jeff Smisek as Chairman
United Continental Holdings Inc announced that its Board of Directors has named President and Chief Executive Officer Jeff Smisek as Chairman of the Board effective December 31, 2012. Smisek replaces Glenn Tilton, who has served as Chairman of the United Continental Holdings board since October 2010, and who will remain a member of the board. Full Article
United Continental Holdings Inc Announces Order for 150 Boeing Aircraft
United Continental Holdings Inc and its wholly owned subsidiary, United Air Lines, Inc., announced an order to purchase 150 narrow body Boeing 737 aircraft. Under the new agreement, the Company will purchase 100 Boeing 737 MAX 9 aircraft and 50 Boeing 737-900ER aircraft for delivery between 2013 and 2022. In addition, the Company is the North American launch customer for the 737 MAX 9, continuing its tradition of launching new programs such as the 767, 777 and 787. Full Article
United Continental Holdings Inc Issues Q1 2012 Charge Guidance
United Continental Holdings Inc announced that for the first quarter of 2012, expects to record special charges of $162 million. Full Article
United Continental Holdings Inc Announces John Rainey As Chief Financial Officer
United Continental Holdings Inc announced that John Rainey has been named Executive Vice President and Chief Financial Officer, succeeding Zane Rowe. Rainey most recently has been Senior Vice President of financial planning and analysis for United. Full Article
United Continental Holdings Inc's United Airlines To Introduce Daily New York-Istanbul Service
United Airlines, a wholly owned subsidiary of United Continental Holdings Inc, announced plans to launch daily, nonstop flights between its New York hub, Newark Liberty International Airport, and Istanbul, effective July 1, 2012, subject to government approval. Westbound service from Istanbul begins July 2. Full Article
Orbitz Worldwide Inc And United Continental Holdings Inc Announces Multi Year Agreement
Orbitz Worldwide Inc announced that it has reached a multi-year agreement by which United Continental Holdings, Inc. will sell United and Continental flights on the Orbitz.com, CheapTickets.com and Orbitz for Business online travel sites. Full Article
United Continental Holdings Inc Issues Q4 2011 Charge Guidance
United Continental Holdings Inc announced that it expects to record special charges of $247 million during the fourth quarter of 2011. Full Article
United Continental Holdings Inc and Association of Flight Attendants Reach Tentative Agreement
United Continental Holdings Inc announced that the United Master Executive Council (MEC) of the Association of Flight Attendants (AFA) informed UAL that the MEC has approved a tentative agreement between AFA and UAL for a flight attendants' contract and is recommending the tentative agreement to United flight attendants for their consideration and ratification. The agreement is the result of an expedited mediation process that began last September, modeled on the National Mediation Board's Expedited Mediation Program. The agreement provides for numerous improvements, including increased wages and a signing bonus for United flight attendants. The tentative agreement covers more than 15,000 flight attendants at the Company's United Airlines subsidiary located throughout the United States and several international bases and is subject to ratification by United Airlines flight attendants. Continental flight attendants ratified their collective bargaining agreement in February 2011. Full Article
United Continental Holdings Inc Announces Daily Service From Washington To Doha, Qatar
United Continental Holdings Inc announced that United Airlines will launch daily service between its Washington/Dulles hub and Doha, Qatar, via Dubai, effective May 1, 2012, subject to government approval. Doha will be the fourth city in the Gulf region that United serves from Washington/Dulles, in addition to Dubai, Kuwait City and Bahrain. The airline serves more destinations in the Gulf region and Middle East than any other U.S. carrier. Full Article
Canada Watchdog Assails Air Canada Inc, United Continental Holdings, Inc. JV-Reuters
Reuters reported that a proposed joint venture (JV) between Air Canada Inc and United Continental Holdings, Inc. would hurt Air Canada's customers and the Canadian economy, the competition watchdog said in documents made public on Tuesday. In June, the Competition Bureau appealed to the Competition Tribunal to have the joint venture scrapped on antitrust grounds. In the documents released, Commissioner Melanie Aitken said the venture would lead to reduced service at higher prices, undermining the efficiency and adaptability of the Canadian economy. Air Canada and United are already in an alliance agreement in which they co-ordinate seat sales, fare structures, discounts and marketing campaigns on transborder routes. The proposed joint venture would go a step further, allowing the two airlines to pool resources and share revenue on transborder routes to the extent that it would not matter which airline operated a certain route or collected the fares. Full Article
United Continental says 787 flight set for next Monday
May 15 - United Continental Holdings said on Wednesday it will resume flying the Boeing 787 Dreamliner next Monday.
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