Uber CEO blames remote work for a significant loss [Yahoo! Finance]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Yahoo! Finance
The CEO claimed during a recent earnings call that the trend has caused the company to lose some of its most loyal customers. “With the pandemic, I think a lot of people who are kind of commuting to work, etc., stopped commuting,” said Khosrowshahi during the call. “We have lost some of our most frequent customers.” Related: Uber Eats driver refuses to deliver a personal order due to beliefs Though, Khosrowshahi also claimed during the call that the company is starting to see recovery as more people are making their return to the office. Uber is seeing an average of 28 million trips per day, a 21% increase compared to the same time period last year, according to the company's first-quarter earnings report for 2024. The company also reported that its mobility gross bookings grew by 25% year-over-year, earning $18.7 billion, but declined by 3% over the last quarter. Khosrowshahi said that Uber is overall welcoming to the return-to-office trend. “Some folks may not like that, b
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News
- United Airlines flight with 157 passengers got diverted to Ireland after a laptop became stuck in a business-class seat [Business Insider]Business Insider
- Harnessing Technology To Propel Business Success And Employee Satisfaction [Forbes]Forbes
- Robinhood upgraded, Baidu downgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Air Canada Significantly Increases Service to Ottawa [Yahoo! Finance]Yahoo! Finance
- United Airlines Holdings, Inc. (NASDAQ: UAL) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $76.00 price target on the stock.MarketBeat
UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website