UAL Corporation, the holding company of United Airlines, reported a net loss of $63 million for the third quarter ended Sept. 30, 2009. Cargo revenue for the quarter decreased 43 per cent year-over-year as a result of lower volumes and continued pressure on yields due to the weak economy, the group said. "United's significant presence in the Pacific export markets, which have been particularly impacted by the weakness in the global economy, continues to disproportionately affect its cargo … [Read more...] about United posts $63 million loss for Q3
United Airlines
UA to continue with Aer Lingus outsourcing
United Airlines said Wednesday it will press ahead with a controversial plan to outsource some international flying to Aer Lingus despite further cutbacks at the Irish carrier, according to Dow Jones. The airlines announced an "innovative" plan last January that would see Aer Lingus operate flights from Madrid to the US beginning in March on behalf of United, but using Aer Lingus planes. Aer Lingus said Wednesday that it will cut a sixth of its workforce and is reviewing its remaining longhaul … [Read more...] about UA to continue with Aer Lingus outsourcing
One year postponement for UAL China flights
United Airlines has received permission from the US Transportation Department to delay the start of flights between San Francisco and Guangzhou, China until June 2010 because of the steep drop off in demand. The move follows that of other US carriers, Northwest Airlines, American Airlines and US Airways who have all delayed the start of service between the US and China in the last year. … [Read more...] about One year postponement for UAL China flights
Aer Lingus and UAL extend transatlantic tie-up
Aer Lingus and United Airlines (UAL) have announced an extension of their code-sharing relationship on select long haul services between Europe and North America. The two said the new partnership will capitalise on the growth opportunities presented by the Open Skies agreement between the European Union (EU) and the United States (US) by opening new transatlantic non-stop services. The partners will launch service between Washington Dulles and Madrid, with daily operations from March 2010. It is … [Read more...] about Aer Lingus and UAL extend transatlantic tie-up
Losses at both American and United
US carrier parents AMR (American) and UAL (United) have reported fourth quarter losses of US$214 million and US$547 million respectively. AMR chief executive Gerard Arpey said he now was "guardedly optimistic" that his company can regain momentum this year, but said AMR "faces continued economic uncertainty, slower travel demand and fuel price volatility in 2009". Both American and United will continue to cut capacity in 2009, with American cutting capacity by more than 8.5 per cent in the first … [Read more...] about Losses at both American and United
Cathay loses US$980 million on hedging gamble
Cathay Pacific Airways has joined many of its counterparts in reporting huge fuel-hedging losses, plunging the previously profitable Asian carrier into an expected record loss for last year, the South China Morning Post reported. The loss on Cathay's fuel-hedging contracts as of the end of last month amounted to around US$980.1 million, deepening from the $361.1 million loss estimated to have been incurred at the end of October, according to the third profit warning filed by the airline in … [Read more...] about Cathay loses US$980 million on hedging gamble
