What is United Continental?
United Continental (UAL) is an airline holding company based in Chicago, USA. It owns and operates United Airlines, which carries air passengers, property and mail across the USA and internationally. Between them, United Airlines and its regional brand United Express operate around 4,500 flights a day. As of January 2018, United owned 768 mainline aircraft and 549 regional aircraft. United Continental Holdings Inc had a market capitalisation of around $19.07 billion at the start of April 2018.
Who are the key people at United Continental?
Oscar Munoz is Chief Executive Officer of United Airlines and has served on the board of directors for United Continental Holdings Inc since 2010. Scott Kirby is President of United – responsible for the airline’s operations, marketing, sales, alliances, network planning and revenue management. Another key figure is Greg Hart, who is Executive Vice President and Chief Operations Officer for United. This makes him responsible for flight, network and technical operations, along with cargo, safety and United Express.
What is the modern history of United Continental?
United Continental is the successor company to UAL Corporation, which was incorporated in December 1968. UAL held a 100% controlling interest in United Airlines, one of the world's largest air carriers. In May 2010 it was announced that UAL Corporation and Continental Airlines Inc would enter a merger, with UAL Corporation acquiring Continental and changing its name to United Continental Holdings Inc. The merger completed in October 2010.
What are the latest developments at United Continental?
In 2017 United Airlines was at the centre of a public outcry when a doctor passenger was forcibly removed from a sold-out aircraft, dragged by his arms down the aisle and sustained injuries as a result of his treatment. Passenger complaints increased by 70% following the incident, a film of which went viral on social media.
In its full year 2017 financial results, United Airlines reported full-year net income of $2.1 billion, diluted earnings per share of $7.02, pre-tax earnings of $3.0 billion and pre-tax margin of 7.9%. The company said that over the course of the year, United “consistently notched operational bests in on-time arrivals and completions while seeing the fewest cancellations and the best baggage performance in company history”.
In January 2018, United announced plans to expand by adding between 4% and 6% to its passenger capacity each year through 2020. The announcement caused all U.S. airline stocks to drop.
Since 2012 the United Continental share price has moved steadily upwards, punctuated by a few short-term peaks and troughs. By March 2013 the shares were trading at over $30; by January 2014 at over $40; by October 2014 at over $50; and in January 2015 at over $70. In June 2017 the $80 mark was briefly touched. To find out how the shares are doing right now, follow Capital.com. Our UAL chart puts all the information at your fingertips.
Where does United Continental operate?
United Airlines and United Express operate to 338 destinations in 54 countries across five continents, with approximately 148 million people transported every year. The airline has U.S. hubs in Chicago, Los Angeles, New York, San Francisco, Washington D.C., Denver and Houston. Beyond North America, it has one of the most comprehensive route networks in the world.
Where is United Continental traded?
United Continental has been listed on the New York Stock Exchange (NYSE) since 1 October 2010. Check out Capital.com for the latest UAL chart. We’ll keep you up to date and in the picture.