United Airlines Holdings, Inc. - UAL STOCK NEWS

United Airlines introduces Agent on Demand, a virtual customer service option available at its hubs, enhancing contactless travel. Customers can access support via mobile devices through calls, texts, or video chats with agents. Initially available at Chicago O'Hare and Houston George Bush International Airports, it will expand to other hubs by year-end. This initiative aims to streamline assistance for seat assignments, flight status, and more, while maintaining safety protocols during the pandemic. Translation features support communication in over 100 languages, enhancing accessibility.

United Airlines announced a tax benefits preservation plan to protect its net operating loss carryforwards (NOLs) of approximately $8.2 billion as of September 30, 2020. This measure is crucial to avoid limitation on these tax assets due to potential ownership changes. The plan will issue one preferred share purchase right for each common stock share and will be voted on at the 2021 annual meeting. The rights activate if any individual or group acquires 4.9% or more of UAL shares without board approval, enabling existing shareholders to buy additional shares at a 50% discount.

United Airlines launched a campaign inviting MileagePlus members to donate miles to nearly 40 non-profits through its Miles on a Mission platform. The initiative aims to raise over 11 million miles for organizations like the Thurgood Marshall College Fund and Compass to Care, which provide essential travel for health care and education needs. United will match the first 125,000 miles for each participating non-profit. Since October 2019, the program has raised over 92 million miles, supporting numerous charitable causes during the pandemic.

United Airlines is expanding its COVID-19 testing efforts for flights from Houston to select destinations in Latin America and the Caribbean, starting December 7. Customers can take a self-collected, mail-in test for $119, which meets local entry requirements for destinations such as Aruba, Belize City, and Lima. This initiative is part of United's strategy to enhance travel safety and demand. The airline has reported significant increases in passenger numbers when testing options are available, illustrating its commitment to safer travel experiences amid the pandemic.

United Airlines launched a free COVID-19 testing pilot program for passengers on flight 14 from Newark to London, starting on November 16, 2020. All travelers over 2 years old undergo rapid testing before departure. This initiative aims to demonstrate the potential for testing as an alternative to travel restrictions. United has noted increased travel demand and customer load factors when testing options are available. The airline, recognized as a leader in safety measures during the pandemic, was the first to enforce a mask mandate and plans to apply long-lasting antimicrobial coatings to its fleet.

United Airlines' Mike Leskinen, Vice President of Corporate Development and Investor Relations, will present at the Bernstein Operational Decisions Conference on November 17 at 12:30 p.m. CT. The event will be streamed live on the investor relations section of the United Airlines website, and the video will be archived for later viewing.

United Airlines aims to connect people globally, with its common stock traded under the symbol UAL on Nasdaq.

On Nov. 12, 2020, United Airlines announced significant modifications to its MileagePlus Premier program for 2021, aimed at simplifying the status qualification for the 2022 program year. Key changes include reduced thresholds for Premier Qualifying Points (PQP) and Premier Qualifying Flights (PQF), with deposits of 25% of the PQP requirement based on 2021 Premier status levels. Additionally, bonus PQP incentives for early trips and extended validity for PlusPoints were introduced. These adjustments reflect United's commitment to enhancing customer experience in response to current travel dynamics.

United Airlines will resume service at New York City's JFK Airport on February 1, 2021, offering nonstop flights to Los Angeles and San Francisco. This marks the airline's return to JFK after five years, reflecting its commitment to the NYC area despite the ongoing impact of COVID-19. The service will operate out of Terminal 7, utilizing reconfigured Boeing 767-300ER aircraft with enhanced premium seating. United aims to provide increased travel options as air travel recovers, assuring safety measures are in place for passengers.

United Airlines anticipates a surge in travel during the Thanksgiving week, planning to add over 1,400 domestic flights to meet increased demand. Approximately 50% of customers are booking less than 30 days in advance, up from 40% last year. In December, the airline expects to operate 48% of its schedule compared to 2019, with additional flights to popular winter destinations. Enhanced safety measures are emphasized, including advanced air filtration and a new antimicrobial coating for aircraft.