UNITED, un 2019 stellare - Full year earnings

[East End Ave]

Ieri UNITED AIRLINES ha annunciato il risultato finanziario/operativo del 2019, anno che vede stabilire diversi record nella storia della compagnia.
Alcuni numeri/highlights e il link dove poter visualizzare il dato completo:

FINANCE:
- Full year net income $3B, +51% YOY
- CASM decreased 1.2 percent year-over-year
- pre tax margin +2,6%, which is expected to outpace its largest competitors for 2019

OPERATIONS and EMPLOYEES
- Flew most revenue passengers in company history (162M, +2,6 YOY)
- Set new company record for most mainline departures with nearly 800,000 departures
- Number one in on-time departures at all hubs with direct competitors -- ORD , DEN , LAX
- Profit sharing for 2019 was on average 45 percent higher per participating employee YOY
- Hired nearly 9,000 aviation professionals

CUSTOMER EXPERIENCE
- Introduced ConnectionSaver, a new tool dedicated to improving the experience for customers connecting from one United flight to the next, saving nearly 100,000 connections to be made in 2019
- Became the first U.S. airline to offer non-binary gender options throughout all booking channels in addition to providing the option to select the title "Mx." during booking.
- Announced MileagePlus award miles never expire, giving members a lifetime to use miles on flights, experiences, hotels and more.
- Announced free live DIRECTV on 211 Boeing 737 United aircraft equipped with seat back TV, providing more than 100 channels of live television.
- Introduced a re-imagined mobile app to customers featuring a more dynamic experience that updates customers at each step of their travel journey.
- Customers are now provided three inflight snack options on domestic flights

NETWORK
- Announced 9 new international routes and 2 new expanded routes beginning in 2020
- Strengthened the domestic route network with 69 new routes
- Launched 11 new international routes in 2019, including direct flights from Newark Liberty International Airport to Cape Town, South Africa; Prague, Czech Republic; and Naples, Italy.

FLEET
- Took delivery of 49 aircraft in 2019, including eight Boeing 787-10 aircraft
- Signed agreements to purchase 50 Airbus A321 XLR, 20 used Boeing 737-700 aircraft and 20 Embraer E175 aircraft operated by our regional partners.
- Introduced a brand new and revolutionary regional flying experience with the addition of the two-cabin, 50-seat Bombardier CRJ 550 aircraft.

https://hub.united.com/2020-01-21-u...et-one-year-ahead-of-schedule-2644883756.html

 

[kenyaprince]

complimenti a UA!

 

[ploncito]

Complimenti per i numeri!

 

[AZ209]

Il primo trimestre 2020 (Q1) si chiude con una perdita di $2.1 miliardi

United reports preliminary $2.1 billion first-quarter loss

United Airlines has reported a preliminary pre-tax loss of $2.1 billion for the first quarter of 2020 and a $1 billion pre-tax loss on an adjusted basis.
Total revenue in the first quarter declined by 17% compared to the first quarter of 2019, the Chicago-based airline stated in a 20 April US Securities and Exchange Commission filing.
United also said in the SEC filing that on 17 April it applied for a CARES Act loan. The carrier expects to be able to borrow up to approximately $4.5 billion from the US treasury department for a term of up to five years.
The CARES Act authorises the treasury department to make available to passenger air carriers $25 billion in loans, loan guarantees and other investments to provide liquidity that would assist them in the management of losses incurred as a result of the coronavirus pandemic.
Among the criteria, terms and conditions the treasury department will consider before issuing a loan are: credit is not reasonably available to the borrower at the time of the transaction; no stock buybacks or dividends until 12 months after the loan has been paid back; the borrower will maintain its employment levels as of 24 March until 30 September to the extent practicable, and in any case will not reduce its employment levels by more than 10% from the levels on 24 March; the treasury department will receive a warrant or equity interest in the borrower if it has issued securities that are traded on a national securities exchange, and for any other borrowers the department will receive at the discretion of treasury secretary a warrant or equity interest in the borrower, or a senior debt instrument issued by the borrower.
United stated on 20 April that if it ultimately borrows $4.5 billion through the CARES Act loan programme it would "issue warrants to purchase approximately 14.2 million shares of UAL common stock at a strike price of $31.50 per share (which was the closing price of UAL's common stock on the Nasdaq stock market on April 9, 2020), on the same terms as the warrants expected to be issued under the Payroll Support Program".
United announced on 15 April that it would receive $5 billion through the CARES Act's Payroll Support Program. Of that $5 billion, $3.5 billion will be outright grants and an additional $1.5 billion will be in low-interest loans. United expects to issue to the federal government warrants to purchase approximately 4.6 million shares of common stock through the Payroll Support Program.
As of 16 April, United's short-term liquidity stands at around $6.3 billion, including $2 billion under its undrawn revolving credit facility. The company also borrowed in March and April $2.75 billion under new secured term loan facilities.
United has not yet scheduled a first-quarter earnings call for investors. Cirium

 

[leerit]

United Airlines Holdings (UAL) warned on Wednesday that it may be forced to furlough as many as 36,000 workers, or 45% of its workforce, as weak demand and travel restrictions in the wake of the coronavirus outbreak create “the worst crisis” the industry has ever faced.

As the COVID-19 pandemic ravages global demand, United — along with other major carriers like Delta (DAL), Southwest (LUV), JetBlue (JBLU) and Alaska — have struck a deal with the federal government for a major cash infusion worth billions of dollars.

The CARES Act, the omnibus coronavirus relief package, set aside $25 billion in loans for air carriers. Yet new domestic flare ups of the virus — along with international travel restrictions — are amplifying the threat, and forcing United to weigh cutting workers en masse.

According to United, 36,000 workers — or 45% of U.S. positions — may be impacted or laid off by October 1. Although 3700 have already taken an early-out option, the potential losses affect 15,000 flight attendants, 11,000 airport staffers, 5500 maintenance positions and 2250 pilots, the company told reporters on a conference call.

Fallout from the coronavirus pandemic is “the worst crisis to hit the airline industry and United Airlines,” a United executive said on Wednesday. “We can’t count on additional government support to survive.”

The executive said United is burning through $40 million per day despite a schedule that’s been cut to 20% of its usual capacity. In order to mitigate the impact of layoffs, United will begin talks with all 5 labor unions, and encourage a voluntary retirement program, among other options.

A provision of the CARES Act requires airliners to avoid furloughs or pay cuts. However, United suggested the bleak outlook leaves the airliner few other options.

“The truth is none of the decisions so far have been more difficult than the decision we are announcing today,” the executive added. “Involuntary furloughs that we worked so hard to avoid are the last option left.”

United eyes mass layoffs as coronavirus creates 'worst crisis' in airline history

United Airlines Holdings (UAL) warned on Wednesday that it may lay off as many as 36,000 workers, or 45% of its workforce.

finance.yahoo.com

 

[MalboroLi]

United Airlines Holdings (UAL) warned on Wednesday that it may be forced to furlough as many as 36,000 workers,


According to United, 36,000 workers — or 45% of U.S. positions — may be impacted or laid off by October 1.

Furlough o laid-off??

 

[leerit]

MILANO - Se le compagnie del retail americano non se la cavano bene, come insegna Brooks Brothers, nel settore aereo le cose non vanno certo per il meglio. Lo testimonia United Airlines, la compagnia con sede a Chicago che ha annunciato che potrebbe licenziare fino a 36.000 dipendenti a causa degli effetti del coronavirus.

Si tratta, spiega il Wsj, della prima grande compagnia a dettagliare un simile impatto sul personale americano: occupa nel mondo 95 mila persone, ma una mossa di una simile entità significherebbe rinunciare al 45% dei dipendenti in patria.


Le leggi federali obbligano le aziende a dare un preavviso di 60 giorni ai dipendenti che intendono licenziare o mettere in congedo non retribuito. La data fatidica sarebbe il 1° ottobre.

United e altre linee aeree Usa hanno preso in prestito 25 miliardi di dollari dal governo federale ed, in base alle condizioni dei prestiti, non possono licenziare o ridurre gli stipendi dei dipendenti prima del primo ottobre. In una nota inviata ai dipendenti, united ha però sottolineato che gli avvertimenti non si tradurranno necessariamente in licenziamenti e che proverà a fare di tutto prima di effettuare dei tagli di organico. Si cerca di puntare sulle uscite volontarie e sui permessi non pagati per abbassare il conto dei licenziamenti. Lo stop al contratto si prospetta tra gli altri per 15 mila assistenti di volo e 2.250 piloti; le persone lasciate a casa sarebbero ri-assunte in presenza di una ripresa del traffico.

United sta bruciando 40 milioni di dollari al giorno per le restrizioni ai voli imposte dalla pandemia e il turismo e i viaggi che faticano a riprendersi in questa fase di uscita dall'emergenza, che per altro negli Stati Uniti ancora non si vede. American Airlines aveva paventato circa 20 mila esuberi di personale, in considerazione della ridotta domanda dai passeggeri, ma non ha ancora compiuto un passo ufficiale in questa direzione.

P.S. aggiungo che in un'altra intervista ad un dirigente di UAL che ho potuto leggere si fa chiaramente riferimento ad un dato che secondo i vertici di United e' incontrovertibile: non ci sara' nessuna ripresa del traffico aereo se non quando sara' trovato un vaccino o una cura efficace contro il Covid. Dire quindi 2021 o 2022 o 2023 e' assolutamente fuorviante secondo la dirigenza United poiche' se nel 2023 non sara' trovato un valido vaccino il trasporto aereo non sara' piu' lo stesso nemmeno in quell'anno.

United Airlines annuncia: possibili tagli per 36 mila persone a causa Covid

Lo stop ai contratti avverrebbe a partire dal 1° ottobre: si cercano soluzioni alternative in attesa che il traffico riparta

www.repubblica.it

 

[aa/vv??]

Rasenta il grottesco leggere un thread con così pochi post che passa dal risultato stellare (e numeri mai visti prima), al dover cercare di salvare il salvabile lasciando a casa migliaia di persone. Non è un segreto che io abbia sempre avuto un debole per Continental e ora per United. E dispiace leggere queste notizie. In bocca al lupo a tutti i dipendenti.

 

[B747-400]

non so se già riportato..UA torna a volare come Cargo 3x a mxp (mer,ven,dom)..arrivo 6.00..partenza 20.00

 

[Brendon]

Mi chiedo se potrebbe aver senso portare anche qualche pax, tipo la (ri)apertura per Sydney che è principalmente cargo + cap a 50 pax.

Anch'io sono dispiaciuto per United, è stato il mio vettore di scelta per la maggior parte dei miei viaggi oltreoceano negli ultimi 3 anni. Nonostante tutto quel che dicano i "travel blogger" ho sempre ricevuto un servizio professionale, in qualsiasi cabina.