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Stock impact report

United Airlines says rising travel demand will spare flight attendants, thousands of others from furlough this fall [CNBC]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: CNBC
The Chicago-based airline says rising travel demand means their jobs are safe this fall. The airline has already started the process of hiring pilots again. In this article United Airlines told more than 40,000 employees on Friday that their jobs are safe when federal Covid-19 aid for the sector expires this fall thanks to a rebound in travel demand. The recovery in bookings, led largely by U.S. leisure travelers, has encouraged airlines, including United, American, Delta and Spirit, to set plans to resume hiring pilots. “Given the increase in customer demand and our current outlook for the future, we’re excited to announce that we will not need to furlough flight attendants assigned to active, open Inflight bases again this fall when the current Payroll Support Program (PSP) funding ends on October 1,” wrote John Slater, senior vice president of inflight services, to United’s roughly 23,000 flight attendants. “This news provides great relief to many of our flying partners who w Show less Read more
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