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UNITED AIRLINES HOLDINGS, INC.

(UAL)
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United to scale back India flying, delay Bangalore launch as pandemic rages

05/07/2021 | 10:15pm EDT
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop

CHICAGO (Reuters) - United Airlines said on Friday it is temporarily pausing service between Chicago and New Delhi in June and delaying the planned launch of flights between San Francisco and Bangalore as a catastrophic explosion of COVID-19 cases hits demand.

India reported another record daily rise in coronavirus infections on Friday, bringing total new cases for the week to 1.57 million, as its vaccination rate falls dramatically due to a lack of supplies and transport problems.

Until the Chicago-Delhi route is halted on May 31, United said will use its larger Boeing 777-300ER jets on seven roundtrip flights to accelerate the repatriation of citizens between the two countries and the delivery of vital medical supplies. It was previously using the Boeing 787-9.

United, the only U.S. carrier flying to India, said it will continue its daily flights to Delhi from Newark and San Francisco and to Mumbai from Newark.

However, it will "continue to monitor customer demand to determine if any additional changes to its schedule are necessary," it said.

As of now it expects to resume the Chicago-Delhi flights, which it launched in December, in July and kick off its San Francisco-Bangalore service on August 1 versus previous plans for a May 27 launch.

Rival American Airlines plans to launch flights from Seattle to Bangalore, known as the Silicon Valley of India, later this year.

(Reporting by Tracy Rucinski; Editing by Chizu Nomiyama)

By Tracy Rucinski


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 0.41% 22.2 Delayed Quote.40.77%
THE BOEING COMPANY -0.09% 243.57 Delayed Quote.13.88%
UNITED AIRLINES HOLDINGS, INC. -0.09% 55.12 Delayed Quote.27.45%
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Financials (USD)
Sales 2021 23 292 M - -
Net income 2021 -3 099 M - -
Net Debt 2021 22 401 M - -
P/E ratio 2021 -5,32x
Yield 2021 -
Capitalization 17 836 M 17 836 M -
EV / Sales 2021 1,73x
EV / Sales 2022 1,09x
Nbr of Employees 84 100
Free-Float 99,8%
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Number of Analysts 22
Last Close Price 55,12 $
Average target price 60,85 $
Spread / Average Target 10,4%
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Managers and Directors
NameTitle
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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