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UNITED AIRLINES HOLDINGS, INC.

(UAL)
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United Airlines : Yellen began Treasury job with flurry of calls and meetings, calendar shows

07/16/2021 | 01:47pm EDT
G7 finance ministers meet in London

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen began her new job with a packed schedule of calls and meetings with high-powered American political and business leaders and global finance officials, a calendar of her first two months in office shows.

As is custom for her new role, Yellen had calls with other finance ministers around the world from January through March, according to her calendar, which was made public on Friday. The United States was still near the beginning of its economic recovery from the COVID-19 pandemic during that time as vaccinations ramped up and widespread restrictions to curb cases began to ease.

But she also made time to have calls with several business executives, including two whose industries have been hard hit by the pandemic: Scott Kirby, chief executive officer of United Airlines, and Greg Smith, the chief financial officer of Boeing Co.

The former Federal Reserve chief also had calls with Larry Fink, CEO of BlackRock Inc and Ronald O'Hanley, CEO of State Street Corp. Both firms were assigned roles in helping to administer emergency programs set up by the U.S. central bank to help financial markets last year.

The incoming Biden administration pushed in the first two months of the year for a $1.9 trillion aid package to boost the economic recovery. The legislation was passed by Congress and signed into law by President Joe Biden in March.

Yellen was a strong supporter of the stimulus package, and her diary showed she had calls with several lawmakers over the reporting period as well as one with U.S. House of Representatives Speaker Nancy Pelosi.

Yellen also had two meetings with U.S. climate envoy John Kerry, one in February and the other in March. The Treasury department set up a new "climate hub" in April to foster green finance and use tax policy and financial risk assessments to help reduce carbon emissions.

And in keeping with her reputation as a meticulous preparer for events, Yellen carved out several pockets for "read time" ahead of various meetings, her calendar showed.

(Reporting by Lindsay Dunsmuir; Editing by Paul Simao)


ę Reuters 2021
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Financials (USD)
Sales 2021 25 107 M - -
Net income 2021 -1 773 M - -
Net Debt 2021 20 186 M - -
P/E ratio 2021 -7,67x
Yield 2021 -
Capitalization 14 650 M 14 650 M -
EV / Sales 2021 1,39x
EV / Sales 2022 0,84x
Nbr of Employees 84 400
Free-Float 99,8%
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Number of Analysts 21
Last Close Price 45,27 $
Average target price 59,11 $
Spread / Average Target 30,6%
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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
Linda P. Jojo Chief Digital Officer & Executive VP-Technology
Jonathan Roitman Chief Operations Officer & Executive VP
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