United Airlines CEO

United Airlines goes on cargo tear

Hydraulic lift platform lifts cargo pallets to door of United Airlines jet. United Airlines has figured out how to make money off of cargo during the pandemic.

Airlines have touted how much dedicated cargo flying they’re doing with transformed passenger planes, but United Airlines is the only major U.S. carrier where cargo is boosting the bottom line during the COVID pandemic.

United’s second-quarter earnings last week included an eye-popping 36.3% increase in cargo revenue to $402 million. Cargo-ton-miles were up 40.3% to 496 million. Even more impressive is the fact that cargo revenue represented 27.3% of the company’s total operating revenue...

https://s29755.pcdn.co/news/united-airlines-goes-on-cargo-tear

United Airlines: Least worst is best

Two white United jets pointed nose-to-nose at each other. United Airlines is being cautious about adding aircraft to its schedule while the economy is still depressed.

When it comes to airline economics, being the least worst of the bunch is a plus. 

United Airlines (NASDAQ: UAL) executives on Wednesday took pride that the company’s record-setting second-quarter net loss was only $1.6 billion. They said the airline is outperforming big domestic competitors during the COVID crisis by better managing capacity and that stanching financial losses now is a harbinger for strong results when the economy improves. 

Last week, Delta Air Lines (NYSE: DAL) reported a $5.7...

https://www.freightwaves.com/news/united-airlines-least-worst-is-best

United Airlines records $1.6b Q2 loss; cargo revenue soars

A dark blue United Airlines jet comes in for landing, side view right above the tree tops. United posted a $1.6 billion loss Tuesday.

United Airlines (NASDAQ: UAL) achieved 36.3% growth in cargo revenue in the second quarter after transitioning idle aircraft to cargo-only flights, but the glimmer of good news was overshadowed by a $1.6 billion net loss, not including special charges.

It was the worst quarter in United’s 94-year history. Revenues fell 87% year-over-year as travel demand evaporated because of travel restrictions and fears of infection from the coronavirus, United said. The earnings report, released after the...

https://www.freightwaves.com/news/united-airlines-records-1-6b-q2-loss-cargo-revenue-soars

With eye on rebound, United looks for alternative to furloughs

White jets with blue tails at airport terminal

Domestic airlines this week announced plans to permanently eliminate large numbers of management and administrative jobs as a prelude to even larger reductions in frontline forces. But United Airlines (NASDAQ: UAL) CEO Scott Kirby dismissed furloughs as an a primary option, saying they are a temporary solution that undermines the ability to capitalize on growth opportunities when coronavirus fears subside and travel takes off again.

No one knows when strong demand will return, so United’s...

https://s29755.pcdn.co/news/with-eye-on-rebound-united-looks-for-alternative-to-furloughs

Breaking: New United CEO revamps C-suite to deal with COVID

White planes with blue tails on the tarmac.

Scott Kirby, who took over as CEO of United Airlines (NASDAQ: UAL) a week ago, wasted no time reshuffling the leadership team as the company tries to navigate the coronavirus crisis and a diminished travel market for the foreseeable future.

Late Wednesday he promoted Jon Roitman to chief operations officer, effective June 1. Greg Hart, the current COO who had indicated a desire to retire within 18 months or less, was tasked with developing medium- and long-term strategies for improved safety,...

https://s29755.pcdn.co/news/breaking:-new-united-ceo-revamps-c-suite-to-deal-with-covid