United Airlines (UAL) has reported second-quarter 2024 financial results. The company had pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 The company also achieved diluted earnings per share of $3.96; and adjusted diluted earnings per share1 of $4.14, in line with second-quarter 2024 guidance provided at the start of…
Microsoft outage causes widespread airline disruptions and cancellations. Here’s what to know. Air travel is experiencing disruptions across the globe on Friday morning due to a Microsoft outage for customers of its 365 apps, including many major airlines. In the U.S., more than 3,000 flights within, into, or out of the U.S. had been canceled…
Thousands of US flights were grounded Friday as a technical disaster plagued government agencies and businesses worldwide – leading to countless stranded passengers, canceled medical procedures and disrupted 911 services. A cybersecurity company said the debacle is “not a security incident or cyberattack.” But the technical fiasco has paralyzed airlines, banks, state agencies and even…
Departing flights from Los Angeles International Airport, Hollywood Burbank Airport, Long Beach Airport, and John Wayne Airport in Orange County were temporarily grounded Friday after the airlines asked the Federal Aviation Administration for a global ground stop on all flights, according to an alert from the FAA. “We are seeing some delays from United, Delta…
Friday’s IT outage caused widespread disruptions after Microsoft reported problems with its online services, linked to an issue at cybersecurity firm CrowdStrike. But it had one of its most dramatic effects on US commercial flights. A time-lapse map shared by Colin McCarthy on X, formerly known as Twitter, using flight tracking website Flightradar24.com shows flights…
United Airlines has posted a strong set of results for the second quarter of 2024 (2Q24), which demonstrate that the carrier is capitalizing on the strongest parts of its operation to boost its bottom line. In 2Q24, the airline carried 44.3 million passengers, generating a total operating revenue of $15 billion, a pre-tax income of…
The airline was seeing carting away travelers’ luggage as flights were grounded due to the outage. Screens were put up to block views of the growing pileBaggage from United Airlines travelers began piling up in O’Hare Airport’s Terminal 2 as an “unprecedented” technology outage impacted flights and businesses worldwide Friday. The airline was seeing carting…
United and American Airlines warned pilots they could struggle to communicate due to massive IT outageMajor airlines warned pilots they may be unable to communicate with ground services amid an IT outage that canceled thousands of flights. American Airlines and United Airlines issued advisories to be relayed to the carriers’ airborne flights early Friday morning….
All flights from several major US airlinesmorning due to a communication issue, according to the Federal Aviation Administration. The ground stop impacts all flights from the airlines, regardless of their destination, said the FAA. It’s unclear how long the ground stop will last, though the FAA suggested an update would be available by 5 a.m….
United Airlines Holdings Stock vs. Morningstar Fair Value Estimate As Delta and United continue to rake in huge profits, both airlines think low-cost carriers have limited recourse. During United’s second-quarter earnings call on Thursday, chief commercial officer Andrew Nocella declared that low-margin rivals have “largely run their course.” “The thing that’s very interesting is the…