UNITED AIRLINES HOLDINGS, INC.

(UAL)
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Delayed Nasdaq  -  05/16 04:00:00 pm EDT
43.54 USD   +0.62%
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United Airlines reaches new contract deal with pilots' union

05/13/2022 | 05:55pm EDT
FILE PHOTO: United Airlines planes are parked at their gates at O'Hare International Airport ahead of the Thanksgiving holiday in Chicago, Illinois

(Reuters) - United Airlines Holdings Inc Chief Executive Scott Kirby said on Friday the carrier and its pilots' union had reached an agreement in principle on new contract terms.

Shares of the U.S. airline were up 2.4% at $42.50 in pre-market trading after the Chicago-based carrier became the first among other major airlines to reach such a deal with the pilots. The existing agreement became open for amendment in January 2019.

The new agreement will be finalized and released to United pilots for final review, pilot's union United Master Executive Council said in a statement.

"United was the only airline to work with our pilots union to reach an agreement during COVID," Kirby wrote in an Instagram post.

Terms of the contract were not disclosed, but CNBC reported that it will likely include higher pay and other improvements.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2022
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Analyst Recommendations on UNITED AIRLINES HOLDINGS, INC.
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Financials (USD)
Sales 2022 42 664 M - -
Net income 2022 -631 M - -
Net Debt 2022 23 144 M - -
P/E ratio 2022 -29,0x
Yield 2022 -
Capitalization 14 138 M 14 138 M -
EV / Sales 2022 0,87x
EV / Sales 2023 0,81x
Nbr of Employees 87 400
Free-Float 99,7%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 43,27 $
Average target price 60,88 $
Spread / Average Target 40,7%
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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
Linda P. Jojo Chief Digital Officer & Executive VP-Technology
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