UNITED AIRLINES HOLDINGS, INC.

(UAL)
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Delayed Nasdaq  -  04:00 2022-08-15 pm EDT
39.86 USD   +1.32%
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Airlines cancel over 700 U.S. flights as labor crunch, bad weather weigh

06/27/2022 | 12:51pm EDT

June 27 (Reuters) - Airlines canceled over 700 flights in the United States on Monday, as adverse weather and a shortage of staff hurt their ability to keep up with a surge in summer travel demand.

Total flight cancellations within, into, or out of the United States as of 1.07 p.m. ET were 747, as per flight-tracking website Flightaware.com https://uk.flightaware.com/live/cancelled/today. Nearly 860 flights were canceled on Sunday.

Delta Air Lines had over 200 cancellations, Republic Airways Inc and United Airlines Holdings Inc had 196 and 122 flight cancellations, respectively, while American Airlines Group Inc canceled 62 flights as of Monday afternoon.

American Airlines said the cancellations were largely due to weather and air traffic control initiatives designed to regulate traffic.

Delta, United and Republic did not respond to Reuters requests for comment.

In Europe, recent airport snarls have been blamed on a shortage of employees, as many workers, who were laid off during the pandemic, desert airport work for flexible working practices and other occupations.

Even the U.S. regulator Federal Aviation Administration (FAA) faces staff shortages.

The FAA last week granted United approval to temporarily cut Newark flights after the Chicago-based carrier petitioned for a waiver, citing airport construction and air traffic control staffing.

Airlines for America, a trade group, said on Friday the FAA must ensure adequate air traffic control staffing to avoid further summer travel disruptions.

Shares of Delta, United and American Airlines were down 2% to 3% in afternoon trade. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri and Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 0.52% 15.33 Delayed Quote.-14.64%
DELTA AIR LINES, INC. 1.45% 35 Delayed Quote.-10.44%
UNITED AIRLINES HOLDINGS, INC. 1.32% 39.86 Delayed Quote.-8.95%
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Financials (USD)
Sales 2022 43 921 M - -
Net income 2022 -178 M - -
Net Debt 2022 23 185 M - -
P/E ratio 2022 -73,8x
Yield 2022 -
Capitalization 13 024 M 13 024 M -
EV / Sales 2022 0,82x
EV / Sales 2023 0,77x
Nbr of Employees 91 200
Free-Float 99,7%
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Number of Analysts 20
Last Close Price 39,86 $
Average target price 53,12 $
Spread / Average Target 33,3%
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Managers and Directors
J. Scott Kirby Chief Executive Officer & Director
Brett J. Hart President
Gerald Laderman Chief Financial Officer & Executive Vice President
Edward M. Philip Non-Executive Chairman
Torbjorn J. Enqvist Chief Operations Officer & Executive VP
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