United Airlines Holdings, Inc. - UAL STOCK NEWS

United Airlines announced the launch of its new platform, United for Business Blueprint, set to debut in late 2022. This platform allows corporate clients to customize their business travel contracts by selecting benefits such as United Corporate Preferred status, spacious Economy Plus seating, and leisure travel discounts for employees. Additionally, a new website will streamline enrollment and management of these travel programs. With these initiatives, United aims to enhance customer experience and cater to evolving corporate travel needs.

United Airlines has announced three new direct flights between Washington Dulles and Cape Town, starting on November 17, 2022. This move, awarded by the U.S. Department of Transportation, makes United the first airline to provide nonstop service from Washington D.C. to South Africa. The flights will connect Cape Town to 55 U.S. cities, covering over 92% of U.S. travel demand. United will operate a Boeing 787-9 Dreamliner, featuring various seating options, including business class. This expansion adds to United's extensive service to Africa, enhancing connectivity for travelers.

United Airlines is enhancing travel options for college football fans by adding 120 new flights this fall. This initiative follows a survey revealing that over 80% of loyal customers intend to fly for games. New connections will serve more than 45 away games, including major teams like Alabama, Oklahoma, and Ohio State. Direct flights will connect fans to historic football towns, with tickets available via the United website and app.

United Airlines (UAL) reported a record-breaking second quarter 2022, achieving the highest revenue in its history at $12.1 billion, with a 6% increase over Q2 2019. The operating margin reached 7.2%, marking its first profitable quarter since the onset of COVID-19. The airline expects an 11% revenue increase in Q3 versus 2019 and anticipates continued profitability for the full year 2022. Despite record fuel prices and potential economic slowdowns, UAL remains optimistic about hitting its long-term adjusted pre-tax margin targets of 9% in 2023 and 14% in 2026.

United Airlines will hold a conference call on July 21, 2022, at 9:30 a.m. CT to discuss its second-quarter 2022 financial results. The results and outlook will be released after market close on July 20, 2022.

A live webcast of the call will be accessible at ir.united.com.

United Airlines has introduced two new plant-based menu items, the Impossible™ Meatball Bowl and Impossible Sausage™, available exclusively to its customers. This initiative aligns with the increasing demand for vegan options among travelers. The Impossible Meatball Bowl is offered to first-class passengers on domestic flights exceeding 800 miles, while sausage options will be available in select Polaris lounges in Chicago, Los Angeles, Newark, and San Francisco. The collaboration highlights United's commitment to enhancing customer experience and supporting sustainable food practices.

United Airlines has announced a significant investment and commercial agreement with Dimensional Energy, aiming to produce sustainable aviation fuel (SAF) from carbon emissions. Under the agreement, United will purchase at least 300 million gallons of SAF over the next 20 years, affirming its leadership in aviation sustainability. This partnership, leveraging Dimensional's novel carbon utilization technology, aligns with United's commitment to achieve carbon neutrality by 2050 without relying on traditional carbon offsets. This initiative marks a critical step towards a greener future for the aviation industry.

United Airlines has announced year-round, nonstop service between Brisbane and San Francisco starting in October, marking its first new transpacific destination since the pandemic began. The service aims to cater to growing travel demand and strengthens United's presence in Australia, where it has served for over 35 years. The route is facilitated by a partnership with Virgin Australia, providing connections to nearly 20 Australian cities. This expansion is expected to create 385 local jobs and inject an estimated $73 million into the Queensland economy.

United Airlines has launched co-branded amenity kits with the travel lifestyle brand Away for premium cabin passengers on long-haul international and premium transcontinental flights. This collaboration marks Away's first partnership with a commercial airline. The kits include three designs tailored for different travel classes, featuring items like Sunday Riley's exclusive skincare products. This initiative is aimed at enhancing the travel experience as demand for comfort rises. United's marketing VP highlighted the brand alignment between United and Away to provide elevated travel experiences.