United Kingdom
United States
Asia Pacific
UAL loss close to $1bn
United Airways’ parent UAL lost a whopping $889 in the third quarter, but said it was continuing to make progress on its financial recovery plan.
UAL claims it is close to a deal with unions that would allow it to get a federal loan guarantee. Chairman, president and chief executive officer Glenn Tilton insisted a Chapter 11 filing was not inevitable.
Four of the five unions have apparently agreed a deal with the company that will lead to over $1billion of cost savings per year.
The company ended the quarter with a cash balance of $2 billion but its daily cash burn rate of $7 million will increase in the fourth quarter. United also has several large cash obligations in the fourth quarter, including payments of $300 million due on November 17 and $575 million due December 2.
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision
JetBlue scraps London Gatwick flights