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Stock Market & Financial Investment News

News Breaks
March 21, 2013
16:03 EDTPCLN, UALPriceline.com announces new long-term agreement with United Airlines
Priceline.com (PCLN) announced a new long-term agreement with United Airlines (UAL), with plans to implement the United Technology Application, powered and supported by Farelogix, as the primary connectivity between the two parties. Priceline.com customers will continue to have access to United fare content, and United and priceline.com will work together to develop innovative ancillary products and services to be delivered through the United Technology Application, the company said.
News For PCLN;UAL From The Last 14 Days
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September 30, 2014
11:25 EDTUALUnited Continental sees FY14 CASM ex-fuel up 1%-2% y/y
United Continental said it is looking to improve long-term shareholder value by generating ROIC greater than 10%, increasing earnings 2x-4x, growing CASM less than inflation and expanding revenue. Says expects to achieve $2B in annual cost savings by 2017, with ~$300M in non-fuel savings and nearly $200M in fuel savings in 2014. Sees 2015-2017 non-fuel unit costs growing less than inflation. Sees average CapEx of $2.8B-$3B from 2014-2017, expects to achieve $15B gross debt target and improve leverage ratios. Expects to complete $1B share repurchase program within the next three years. Comments from slides that are being presented at the Deutsche Bank Leveraged Finance Conference.
September 29, 2014
17:08 EDTPCLNPriceline reports 5.84% stake in Ctrip.com
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11:11 EDTUALFAA steadily up flights arriving, departing Chicago airports after fire
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September 26, 2014
10:58 EDTUALFire at FAA Chicago facility prompts flight halts, WSJ says
After a fire occurred in the Federal Aviation Administration's primary Chicago air-traffic control facility Aurora Illinois, flights in and out of Chicago's main airports have ceased, according to The Wall Street Journal, citing comments from the FAA. Midway International Airport is a main hub for Southwest (LUV) while United Continental (UAL) operates a hub out of O'Hare International Airport. Reference Link
September 23, 2014
10:48 EDTUALUnited Continental and DoJ settle discrimination claim for $215K
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09:18 EDTUALCRT Capital believe long-term investors should buy Airlines aggressively
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September 22, 2014
12:11 EDTPCLNTripAdvisor sinks after data breach at just acquired unit
Shares of TripAdvisor (TRIP) are falling after the company's Viator unit reported today that it had experienced a data breach. TripAdvisor operates websites with information about travel destinations and flights. Viator, whose acquisition by TripAdvisor closed in August, features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers, TripAdvisor has stated. WHAT'S NEW: Viator stated that it was informed on September 2 that unauthorized charges had been made on a number of its customers' credit cards. The data breach that the unit experienced could affect payment card data that was used to make bookings through the unit's websites, according to Viator. Moreover, customers' email addresses and their passwords and user names for Viator may have also been compromised. About 880,000 customers may have had their payment card information compromised, while about 560,000 customers' Viator account information and e-mail addresses may have been affected, the unit reported. WHAT'S NOTABLE: The breach at Viator comes in the wake of large data breaches at a number of bellwether companies in recent months, including JPMorgan (JPM) and Home Depot (HD). Late last year tens of thousands of payment card data was stolen from Target (TGT). PRICE ACTION: In late morning trading, TripAdvisor sank 5.5% to $93. Others names in the online travel space are falling, with Priceline.com down 3% and Expedia down 2%. :the
September 17, 2014
08:08 EDTUALUnited Continental adding 50 E175 aircraft to United Express fleet
United Airlines (UAL) will amend its existing agreement with regional carrier Shuttle America, to add 50 E175 aircraft. Shuttle America's parent company, Republic Airways Holdings (RJET), will determine which of its carriers will operate the new 76-seat aircraft under the United Express brand. United anticipates deliveries will begin in July 2015 and continue through the summer of 2017.
05:22 EDTUALRepublic Airways acquires 50 new Embraer E175 aircraft
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05:20 EDTUALRepublic Airways to expand regional jet operations with United Airlines
Republic Airways (RJET) announced that it has reached an agreement to amend its existing Shuttle America E-Jet capacity purchase agreement, or CPA, with United Airlines (UAL) to add 50 new Embraer 76-seat E175 aircraft. The duration of each aircraft under the E-Jet CPA will be 12 years. As a part of the amendment, Shuttle and United have agreed to extend the duration of the term of the agreement for the existing 38 E170 aircraft, with new expiration dates ranging from September of 2019 through December of 2022. Republic also reached an agreement with United to amend its Q400 CPA allowing for a wind-down schedule beginning in January 2015 and ending in September 2016. Republic Airlines currently operates 31 Q400 aircraft under the Q400 CPA. Republic has entered into a sublease with Flybe Limited, a UK airline, for 24 Q400 aircraft, with deliveries to Flybe coordinated with the removal of the aircraft from United service. The remaining Q400 aircraft will be sold, leased or returned to the lessor after removing them from United service.
September 16, 2014
14:01 EDTUALUnited Airlines maintenance instructors ratify new joint labor agreement
United announced that the company's 48 maintenance instructors, represented by the International Association of Machinists & Aerospace Workers (have ratified a new joint labor agreement. United has now achieved joint collective bargaining agreements with a majority of its represented work force, including pilots, dispatchers, fleet service, passenger service, reservations and storekeeper work groups. The company is engaged in expedited negotiations with the AFA and is in mediation with the International Brotherhood of Teamsters (IBT), representing United's technicians.
06:37 EDTUALUnited Continental, flight attendants reach buyout agreement
United Airlines and the Association of Flight Attendants yesterday announced that United will offer its Flight Attendants an Enhanced Early Out Program, which allows participants a one-time opportunity to voluntarily separate from the company and receive a severance payment. United also announced that it is recalling all Flight Attendants who are on voluntary and involuntary furlough. United will offer lump sum payouts of up to $100,000 for Flight Attendants who apply for the early out and meet certain service and eligibility qualifications, and the company will award early outs in seniority order. United has more than 23,000 flight attendants.

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