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CHICAGO, April 19, 2021 /PRNewswire/
United Airlines (UAL) today announced first-quarter 2021 financial results. The company has its eyes on the future, making continued progress on its commitment to remove $2 billion in structural costs and investing in key customer programs that will position the airline to capitalize on the recovery of business travel and long-haul international demand.
Following its return to positive core cash flow
1 in the month of March, the company is focused on returning to positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margins, even if business and long-haul international demand remain as much as 70% below 2019 levels. United is already moving to capitalize on emerging pent-up demand for travel to countries where vaccinated travelers are welcome. In fact, the company announced new international flying to Greece, Iceland and Croatia earlier today, subject to government approval. These opp
United Airlines Adds New Flights to Croatia, Greece and Iceland as Countries Begin to Reopen to Vaccinated Travelers
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United Airlines to increase flights in May
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Many airlines have been accused in the past of operating to New York’s John F. Kennedy International Airport (JFK) purely as a matter of prestige. To some, an airline just is not a legitimate global competitor unless it serves JFK. Even if it means the airline will operate the route at a loss for years on end, it is seen by some as a necessary cost to be taken seriously.
Airlines come and go from JFK every year, but none quite as large as United have exited. The carrier pulled out of JFK in October 2015 during the Jeff Smisek days in an effort to consolidate operations at its Newark hub. In doing so, United surrendered its JFK terminal space and lounge, sold its precious landing slots to Delta, and lost a handful of lucrative corporate clients in the process.