UNITED AIRLINES HOLDINGS, INC.

(UAL)
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United, Spirit offer higher pay to on board staff during January

12/31/2021 | 05:07pm EDT
FILE PHOTO: A Spirit Airlines A320-200 airplane sits at a gate at the O'Hare Airport in Chicago, Illinois

Dec 31 (Reuters) - United Airlines and Spirit Airlines Inc are bumping up pay for on board staff as they scramble to keep schedules intact after U.S. airlines were hammered by a week of mass cancellations.

While Spirit's flight attendants are receiving double pay on any work through Jan. 4, according to their union, United is offering triple time for pilots who pick up extra trips during January, according to an internal memo seen by Reuters.

The holiday season has been marred by delayed or canceled flights, causing chaos at most U.S. airports as sick staff and fear of contracting COVID-19 grow. Coupled with the prospect of dealing with unruly passengers, many pilots and cabin crew are even forgoing overtime incentives.

That hesitancy, combined with bad weather and tight staffing, has led to over 8,000 flight cancellations over the past eight days, according to flight-tracking website FlightAware.com.

"All flight attendants, regardless of how you have obtained your pairing, will be receiving 200% pay for any pairing that touches Dec. 28 through Jan. 4," the Association of Flight Attendants-CWA said in a statement. The union represents about 4,000 flight attendants at Spirit Airlines, according to the carrier's latest annual filing.

Earlier this year, Florida-based Spirit Airlines was forced to cancel nearly 3,000 flights due to bad weather and staffing shortages.

JetBlue Airways Corp said in a customer note on Thursday that 75% of its crew is based in the U.S. Northeast, a region that has been hit hard by COVID-19 infections. The carrier has already cut https://www.reuters.com/business/aerospace-defense/jetblue-cuts-about-1280-flights-through-mid-january-omicron-hurdles-2021-12-30/#:~:text=Dec%2030%20%20-%20JetBlue,airline%20told%20Reuters%20on%20Thursday its schedule through Jan. 13 by about 1,280 flights.

Alaska Air Group Inc said while the pandemic had hit its operations, the vast majority of cancellations and delays were due to bad weather.

The airline last week agreed to offer some benefits such as instituting pay protections in case of any reassignments on Christmas Eve, Christmas Day, and New Year's Day, the AFA said.

Hawaiian Airlines said it had not offered new incentives to its crew for working during the holiday period.

SkyWest Airlines said its operations continued to be hit due to weather and the Omicron variant, which is spreading rapidly and causing record-breaking cases across the United States.

CNBC first reported United's pay plans. (Reporting by Abhijith Ganapavaram and additional reporting by Aishwarya Nair, Vishal Vivek and Kannaki Deka in Bengaluru; Editing by Anil D'Silva, Bernard Orr and Chris Reese)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALASKA AIR GROUP, INC. 2.76% 48.43 Delayed Quote.-7.04%
HAWAIIAN HOLDINGS, INC. 8.09% 18.03 Delayed Quote.-1.85%
JETBLUE AIRWAYS CORPORATION 2.17% 10.84 Delayed Quote.-23.88%
SKYWEST, INC. 5.73% 26.55 Delayed Quote.-32.44%
SPIRIT AIRLINES, INC. 3.22% 20.5 Delayed Quote.-6.18%
UNITED AIRLINES HOLDINGS, INC. 5.08% 48.41 Delayed Quote.10.58%
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Financials (USD)
Sales 2022 43 016 M - -
Net income 2022 -614 M - -
Net Debt 2022 23 170 M - -
P/E ratio 2022 -33,6x
Yield 2022 -
Capitalization 15 817 M 15 817 M -
EV / Sales 2022 0,91x
EV / Sales 2023 0,84x
Nbr of Employees 87 400
Free-Float 99,7%
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Number of Analysts 23
Last Close Price 48,41 $
Average target price 60,88 $
Spread / Average Target 25,7%
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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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