UNITED AIRLINES HOLDINGS, INC.

(UAL)
  Report
Delayed Nasdaq  -  04:00 2022-08-16 pm EDT
40.29 USD   +1.08%
11:48aAmerican Airlines bets on supersonic jets
RE
10:04aWhat do investors want?
MS
05:42aANALYST RECOMMENDATIONS : Visa, Mastercard, ResMed, Extra Space Storage, Equifax...
MS
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Pilots in line for big raises amid global travel disruptions

06/24/2022 | 11:48am EDT

DALLAS (AP) — The largest pilots union has approved a contract that would boost the pay of pilots at United Airlines by more than 14% over the next 18 months, potentially clearing the way for similar large wage throughout the industry.

The Air Line Pilots Association said Friday that the council overseeing relations with United approved a tentative two-year agreement that covers about 14,000 of the airline's pilots.

The contract would need to be ratified by rank-and-file pilots to take effect. Voting will run through July 15.

The deal reflects the leverage currently held by unions with the industry facing a pilot shortage that has resulted in widespread cancellations worldwide and fewer flights.

United, based in Chicago, is the first major U.S. airline to reach an agreement with its pilots since negotiations across the industry were put on hold because of the pandemic. Union groups at American, Delta and Southwest watched the United contract talks closely as a potential guide in their own negotiations.

Federal law creates a long and difficult process before airline workers can legally go on strike, but pilots at the big airlines have picketed airports and other locations to pressure management into bigger pay hikes. Pilots have complained that thinly staffed airlines are asking them to work too many flights, with more pilots reporting fatigue.

The United contract, which the union valued at $1.3 billion over two years, would be retroactive to the start of 2022 and give three pay raises totaling more than 14.5% through the end of next year. The union said it includes better overtime and premium pay, a new retirement plan, a new 8-week paid maternity leave benefit and improved scheduling provisions.

The deal is likely to raise concern on Wall Street about rising expenses. Airlines have already seen their costs per seat rise more sharply as travel has rebounded from the worst of the pandemic.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about UNITED AIRLINES HOLDINGS, INC.
11:48aAmerican Airlines bets on supersonic jets
RE
10:04aWhat do investors want?
MS
05:42aANALYST RECOMMENDATIONS : Visa, Mastercard, ResMed, Extra Space Storage, Equifax...
MS
08/15New York airports hit by delays after FAA staffing shortage
RE
08/15FAA warns of significant delays at New York area airports
RE
08/15Melius Research Initiates Coverage of United Airlines With Buy Rating, $47 Price Targe..
MT
08/11United Airlines to Launch New Platform for Customized Business Travel Programs in Late ..
MT
08/11Archer Receives $10 million Pre-Delivery Payment From United Airlines for 100 eVTOL Air..
AQ
08/11Airlines cancel over 600 flights in U.S. as thunderstorms hit Texas
RE
08/11MARKETSCREENER’S WORLD PRESS REVIEW : August 11, 2022
MS
More news
Analyst Recommendations on UNITED AIRLINES HOLDINGS, INC.
More recommendations
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%
Chart UNITED AIRLINES HOLDINGS, INC.
Duration : Period :
United Airlines Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED AIRLINES HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 39,86 $
Average target price 53,12 $
Spread / Average Target 33,3%
EPS Revisions
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
Sector and Competitors