United Airlines Holdings, Inc. - UAL STOCK NEWS

United Airlines has launched a consumer education campaign centered on Sustainable Aviation Fuel (SAF), appointing Oscar the Grouch as their first Chief Trash Officer. This initiative aims to raise awareness of SAF, which can significantly reduce greenhouse gas emissions compared to traditional jet fuels. United has invested in the future production of over three billion gallons of SAF, the highest among airlines worldwide. The campaign, featuring over 30 original content pieces, encourages customers to track their carbon footprint and contribute to the UAV Sustainable Flight Fund. The airline aims for net-zero emissions by 2050, without relying on traditional carbon offsets.

United Airlines has introduced the United Airlines Ventures Sustainable Flight Fund with an initial >$100 million investment from itself and inaugural partners including JPMorgan Chase, GE Aerospace, Honeywell, Air Canada, and Boeing. This innovative funding initiative aims to support start-ups focused on decarbonizing air travel through sustainable aviation fuel (SAF) research and production. Customers can now estimate their flight's carbon footprint and contribute to the fund during ticket purchases. United aims to decarbonize air travel, planning to produce over 3 billion gallons of SAF, the highest among airlines.

Air Canada and United Airlines announced an increase in summer capacity by over 20%, introducing new non-stop flights between Washington-Dulles and Calgary as well as Vancouver. Effective June 1 and June 2, these flights aim to enhance connectivity and schedule flexibility for customers. The carriers will operate more than 260 daily transborder flights, optimizing schedules with significant benefits for frequent travelers, including access to loyalty program perks. This development builds on their joint business agreement announced in July 2022.

United Airlines has launched the United Airlines Ventures Sustainable Flight Fund, a pioneering investment vehicle with over $100 million to support start-ups developing sustainable aviation fuel (SAF). Initial partners include JPMorgan Chase, GE Aerospace, and Honeywell. Customers can now view flight carbon footprints on United’s platform and contribute to the fund, with the first 10,000 contributors receiving MileagePlus miles. United aims to produce over three billion gallons of SAF, the most by any airline. The initiative aligns with United’s goal of achieving net-zero emissions by 2050.

United Airlines announced a new family seating policy allowing children under 12 to sit next to an adult for free, including Basic Economy ticket holders. This improvement, launching in early March, leverages a new dynamic seat map feature that identifies adjacent seating options when booking. If adjacent seats aren't available before travel, customers can switch to a different flight without additional fees. This initiative is aimed at enhancing the travel experience for families while showcasing United's commitment to technological advancements in air travel.

United Airlines will present at the Barclays Industrial Select Conference on February 23, 2023, starting at 8:45 a.m. CT. The presentation will be available via a live webcast on the investor relations section of United's website, with an audio archive accessible within 24 hours post-presentation. United Airlines, traded on Nasdaq under UAL, aims to connect people globally, boasting the most extensive route network among North American carriers.

For more information about United, visit www.united.com.

United Airlines commemorated Black History Month and the legacy of Rev. Dr. Martin Luther King Jr. through various community events. Activities included participation in the 37th Annual Interfaith Breakfast in Chicago, meal packing with the New York Giants, and hosting parades in Denver and Houston where nearly 300 employees engaged with the community. The theme was 'Strength through Justice,' reflecting a commitment to diversity, equity, and inclusion. Employees also volunteered for a Day of Service in Chicago, collecting essential supplies for seniors. United's ongoing efforts highlight its dedication to community involvement and honoring Dr. King's vision.

United Airlines, Tallgrass, and Green Plains announced a joint venture, Blue Blade Energy, to develop a novel Sustainable Aviation Fuel (SAF) technology using ethanol as feedstock. They will invest up to $50 million, with an offtake agreement for 135 million gallons of SAF annually, totaling 2.7 billion gallons. If successful, a pilot facility could begin construction in 2024, followed by commercial operations by 2028, potentially powering over 50,000 flights annually. This initiative aligns with United's goal of achieving net-zero emissions by 2050, establishing it as a leader in SAF investment.