CHICAGO - United Airlines, alongside the Association of Flight Attendants-CWA (AFA), has announced a tentative agreement that, if ratified, will offer United’s 28,000 flight attendants industry-leading wages, a signing bonus, and various improvements in scheduling and quality of life. The agreement’s details are being finalized and will soon be reviewed by the AFA’s Master Executive Council, which includes Local Presidents from across the network. Following their approval, the proposed contract will be presented to flight attendants for ratification. This development comes as United maintains strong financial performance, with InvestingPro data showing $3.66 billion in net income over the last twelve months.
The new contract, which promises to set a new standard for flight attendant compensation, would be in effect for five years from the date of ratification. United’s CEO, Scott Kirby, praised the flight attendants’ contributions, stating, "Our flight attendants are the best in the industry and have earned an industry-leading contract." He emphasized their pivotal role in ensuring passenger safety and maintaining high service standards, which he believes positions United as a leading airline. The company’s financial strength is reflected in its robust $57.74 billion in revenue and an impressive financial health score rated as "GREAT" by InvestingPro analysts.
Negotiations were facilitated by the National Mediation Board, and both United and the AFA have expressed gratitude for the efforts made to reach this preliminary agreement.
United Airlines, which claims to operate the most comprehensive global route network among North American carriers, is now recognized as the world’s largest airline by available seat miles. The company, with hubs across major U.S. cities, aims to continue its growth trajectory and strengthen its market position. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is publicly traded on the Nasdaq with the ticker "UAL".
This announcement is based solely on a press release statement and has not been independently verified. The proposed contract’s ratification process will be a significant event for United’s flight attendants, as it could lead to substantial changes in their compensation and work conditions.
In other recent news, United Airlines has been at the forefront of several significant developments. UBS upgraded United Airlines’ stock rating from Neutral to Buy, with a new price target of $105, reflecting optimism about the airline’s potential growth in corporate travel and international revenue. This comes as United Airlines continues to strengthen its domestic market share and maintain favorable margins. In a move to enhance its fleet, United Airlines announced a substantial investment in JetZero, focusing on developing a new blended wing body aircraft that could cut fuel consumption by 50%. This investment aligns with United’s environmental goals, including achieving net-zero emissions by 2050.
Furthermore, United Airlines recently canceled a flight to New Delhi due to escalating tensions between India and Pakistan, highlighting the impact of geopolitical issues on operations. In a separate development, United is in discussions with JetBlue Airways about a potential partnership aimed at improving customer connectivity and frequent-flier mile offerings. Meanwhile, United Airlines has been affected by a telecommunications outage at a Philadelphia facility that oversees air traffic at Newark Liberty airport, prompting the FAA to take corrective measures. These recent developments underscore United Airlines’ strategic maneuvers to navigate industry challenges and capitalize on growth opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.