Streetbeat News

UAL

United Airlines Holdings, Inc.

https://www.united.com

Industry

Airlines, Airports & Air Services

United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

Open

92.21

Mkt cap

30B

Volume

4.5M

High

92.71

P/E Ratio

10.87

52-wk high

93.33

Low

90.56

Div yield

N/A

52-wk low

37.02

The Federal Aviation Administration (FAA) plans to extend cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport due to air traffic control staffing shortages, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:14 pm

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

Delta Air Lines Inc. (DAL) and United Airlines Holdings Inc. (UAL) are facing an antitrust class action lawsuit for allegedly conspiring to inflate airfares across the U.S. by reducing available seats on domestic flights. American Airlines Group Inc. (AAL) and Southwest Airlines Co. (LUV) were also implicated but have settled the lawsuit for $45 million and $15 million, respectively. The U.S. Global Jets ETF (JETS) fell 2.7% following the news.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 8:09 pm

United Airlines Holdings Inc (NASDAQ:UAL) shares fell by 4.3% amid a general weakness in airline stocks after Spirit, Frontier, and American Airlines lowered their financial outlook due to rising fuel costs. Additionally, a federal judge has required Delta and United Airlines to face a consumer antitrust class action alleging that major U.S. carriers conspired to raise domestic airfares by limiting available seats.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 7:16 pm

Airline stocks are trading lower following Spirit, Frontier, and American Airlines' lowered financial outlook due to increasing fuel costs.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:28 pm

The U.S. National Transportation Safety Board has cited a failure to inspect engine fan blades in a timely manner as the cause of the February 2021 engine failure in a United Airlines Boeing 777 aircraft.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:58 pm

United Airlines' CFO has stated that there are no immediate plans to move the company's corporate headquarters to Denver.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 3:09 pm

The Chinese government has banned its officials from using Apple's iPhones and other foreign-branded devices at work. The FTC could prosecute Amazon over antitrust claims. Toyota launched a new version of its chauffeur-driven Century model. SoftBank backed Arm Holdings has launched its roadshow for its IPO. Warner Music has acquired a majority stake in 10K Projects. Roku disclosed measures to cut down its operating expense growth rate. United Airlines flights are back in the air after a temporary grounding. Moderna's updated COVID-19 vaccine is pending FDA approval. Spotify is exploring a move to put lyrics behind its paywall. Google tentatively settled a class action suit for allegedly violating antitrust norms. General Motors said that the UAW union's demands will pressure its manufacturing momentum. C&S Wholesale Grocers, backed by SoftBank, is reportedly approaching a deal to buy stores from Kroger and Albertsons. Apple inked a fresh deal with Arm Ltd for chip technology.

Portfolio Pulse from Vandana Singh

September 06, 2023 | 1:43 pm

United Airlines Holdings has reaffirmed its Q3 capacity, operating revenue, and CASM-ex expectations, consistent with the guidance provided on July 19, 2023, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:18 am

United Airlines Holdings Inc (UAL) has asked the Federal Aviation Administration (FAA) to ground all its flights due to an equipment outage. The company's shares fell more than 3% during Tuesday's trading session following the announcement. Over 260 flights have been delayed as a result of the systemwide technology issue.

Portfolio Pulse from AJ Fabino

September 05, 2023 | 6:37 pm

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