United Airlines Holdings Inc on Monday forecast an unexpected loss in the current quarter, citing lower demand as well as higher costs from a potential contract deal with pilots.
United and American Airlines
are now under pressure not just to conclude their pilot contract negotiations, but also better Delta's deal. United is now accounting for an agreement with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations, in the current quarter instead of the second quarter.
As a result, it expects non-fuel operating costs to be flat to up 1% year-over-year. The costs were projected to be down 3%-4% earlier.The company also expects its fuel bill in the quarter to be about 4% to 7% higher than the previous estimate.in the past year even as the industry enjoys the strongest consumer demand since the start of the pandemic.
Reporting by Rajesh Kumar Singh in Chicago and Kannaki Deka in Bengaluru; Editing by Devika Syamnath, Aurora Ellis and Chris Reese
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stocks making the biggest moves after hours: Gitlab, United Airlines, First Republic Bank and moreThese are the stocks posting the largest moves in extended trading.
Weiterlesen »
United Airlines stock tanks 7% after airline guides for quarterly loss on lower demand, higher fuel pricesShares of United Airlines Holdings Inc. fell more than 7% in the extended session Monday after the airline surprised Wall Street with guiding for a loss in...
Weiterlesen »
United flight headed to Chicago diverts to Bush Airport for medical emergencyA United Airlines flight headed from Guatemala City to Chicago made an unplanned stop at...
Weiterlesen »
William Byron wins United Rentals Work United 500 in PhoenixIt was a classic case of deja vu in the desert after Hendrick Motorsports continued to assert their dominance over the competition.
Weiterlesen »
HSBC Stock Price | HSBC Holdings PLC ADR Stock Quote (U.S.: NYSE) | MarketWatchHSBC | A complete HSBC overview by MarketWatch. View the latest market news and prices, and trading information.
Weiterlesen »
Major BONE Whales Increase Holdings After Shibarium Beta ReleaseMajor Shiba Inu whales keep buying $BONE even after Shibarium's PuppyNet release shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn bone dogekiller leash $leash $shib
Weiterlesen »