Latest news with #UnitedAirlines'
Business Recorder
18-07-2025
- Business
- Business Recorder
Wall Street lifted by strong data; Nasdaq flies to record
NEW YORK: The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results. US retail sales bounced back sharply in June, signaling renewed economic momentum and giving the Federal Reserve more reason to hold off on rate cuts as it weighs the inflationary impact of import tariffs. Another pointer for the consumer health, PepsiCo forecast upbeat results, fueled by demand for energy drinks and healthier sodas, helping it offset concerns about a dip in annual core profit. The company's shares jumped 6.8%. Investors have already weathered a whirlwind of mixed economic signals this week - producer prices stalled in June, while a spike in consumer inflation dashed hopes for aggressive Fed easing. Traders now peg the odds of a September rate cut at just over 54%, with a July move nearly ruled out, according to CME's FedWatch tool. 'The Fed is going to be more cautious and data-driven than what the market wants them to do,' said Jason Barsema, president of Halo Investing. US Treasury yields also edged lower following the retail sales data. At 11:26 a.m. ET, the Dow Jones Industrial Average rose 120.53 points, or 0.27%, to 44,375.31, the S&P 500 gained 23.93 points, or 0.38%, to 6,287.63 and the Nasdaq Composite gained 144.32 points, or 0.70%, to 20,874.81. United Airlines gained 3.4% after the carrier projected stronger demand since early July, offering a rare bright spot for an industry strained by Trump's budget cuts and trade tensions. Rivals Delta and American Airlines also climbed over 1% each. US chipmakers edged up after TSMC, the world's main producer of advanced AI chips, posted a record quarterly profit, saying demand for artificial intelligence was getting stronger. US-listed shares of TSMC gained 3.7%, Marvell rose 2% and Nvidia added 1%. The technology sector was leading the pack among sectors, with 1% gain. Wall Street also watched Netflix ahead of its quarterly results after the market's close. Its shares were up 0.6%. Markets whipsawed on Wednesday after reports suggested Trump was mulling over the ouster of Fed Chair Jerome Powell. Though Trump quickly shot down the reports, his persistent criticism of the central bank - and hints at a possible ouster - kept investors jittery over the Fed's independence. Meanwhile, attention also remained on looming tariffs, with an August 1 deadline threatening higher levies for many US trading partners. Trump told Real America's Voice on Wednesday that the US is closing in on a deal with India and may soon reach an agreement with Europe as well. Advancing issues outnumbered decliners by a 1.9-to-1 ratio on the NYSE and by a 2.56-to-1 ratio on the Nasdaq. The S&P 500 posted 25 new 52-week highs and four new lows, while the Nasdaq Composite recorded 78 new highs and 23 new lows.
The Star
17-07-2025
- Business
- The Star
Wall Street lifted by United Airlines, strong data
At 11:26 a.m. ET, the Dow rose 120.53 points, or 0.27%, to 44,375.31, the S&P 500 gained 23.93 points, or 0.38%, to 6,287.63 and the Nasdaq gained 144.32 points, or 0.70%, to 20,874.81. The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indices, as strong economic data lifted spirits and airline stocks took off on United Airlines' results. US retail sales bounced back sharply in June, signalling renewed economic momentum and giving the Federal Reserve more reason to hold off on rate cuts as it weighs the inflationary impact of import tariffs. Another pointer for the consumer health, PepsiCo forecast upbeat results, fuelled by demand for energy drinks and healthier sodas, helping it offset concerns about a dip in annual core profit. The company's shares jumped 6.8%. Investors have already weathered a whirlwind of mixed economic signals this week – producer prices stalled in June, while a spike in consumer inflation dashed hopes for aggressive Fed easing. Traders now peg the odds of a September rate cut at just over 54%, with a July move nearly ruled out, according to CME's FedWatch tool. "The Fed is going to be more cautious and data-driven than what the market wants them to do," said Jason Barsema, president of Halo Investing. Echoing this cautious stance, Fed governor Adriana Kugler warned that rate cuts are on hold for now, as Trump-era tariffs begin to push up consumer prices and tight policy remains key to keeping inflation expectations in check. US Treasury yields also edged lower following the retail sales data. At 11:26 a.m. ET, the Dow Jones Industrial Average rose 120.53 points, or 0.27%, to 44,375.31, the S&P 500 gained 23.93 points, or 0.38%, to 6,287.63 and the Nasdaq Composite gained 144.32 points, or 0.70%, to 20,874.81. "Today is a day of somewhat justification of consumer health and earnings that continue to impress in a way that offer relief to markets," said Keith Buchanan, senior portfolio manager at Globalt Investments. United Airlines gained 3.4% after the carrier projected stronger demand since early July, offering a rare bright spot for an industry strained by Trump's budget cuts and trade tensions. Rivals Delta and American Airlines also climbed over 1% each. US chipmakers edged up after TSMC, the world's main producer of advanced AI chips, posted a record quarterly profit, saying demand for artificial intelligence was getting stronger. US-listed shares of TSMC gained 3.7%, Marvell rose 2% and Nvidia added 1%. The technology sector was leading the pack among sectors, with 1% gain. Wall Street also watched Netflix ahead of its quarterly results after the market's close. Its shares were up 0.6%. Markets whipsawed on Wednesday after reports suggested Trump was mulling over the ouster of Fed chair Jerome Powell. Though Trump quickly shot down the reports, his persistent criticism of the central bank – and hints at a possible ouster – kept investors jittery over the Fed's independence. Meanwhile, attention also remained on looming tariffs, with an August 1 deadline threatening higher levies for many US trading partners. Trump told Real America's Voice on Wednesday that the US is closing in on a deal with India and may soon reach an agreement with Europe as well. Advancing issues outnumbered decliners by a 1.9-to-1 ratio on the NYSE and by a 2.56-to-1 ratio on the Nasdaq. The S&P 500 posted 25 new 52-week highs and four new lows, while the Nasdaq Composite recorded 78 new highs and 23 new lows. — Reuters
Business Journals
27-06-2025
- Business
- Business Journals
Building the future of San Francisco: PG&E, United Airlines executives on what will define the next decade (podcast)
San Francisco is growing rapidly and will require major innovations in sustainability and energy. In the fourth and final episode of the podcast miniseries The Future of San Francisco, San Francisco Business Times Market President and Publisher Pete Casillas sits down with two industry leaders to hear how their companies are investing strategically in anticipation of San Francisco's growth. Jake Zigelman, vice president of PG&E's Bay Area region, and Lori Augustine, vice president of United Airlines' SFO Hub, share how they are looking at product investments and sustainability to ensure they can be cornerstones of the city's future. Listen to the full episode to learn more about:
Axios
05-06-2025
- Business
- Axios
Communicator spotlight: Josh Earnest of United Airlines
As United Airlines' executive vice president of communications and advertising, Josh Earnest is responsible for sharing how the airline differs from its competitors. Why it matters: Much of the job is spent protecting the brand amid ongoing crises — from COIVD-19 groundings, to the Boeing quality control issues, to the recent air traffic challenges at Newark Liberty International Airport, one of United's hubs. What he's saying: Travelers have to relinquish control to the airline that's getting them from point A to point B, which "makes the association that fliers have with our brand all the more important," Earnest told Axios. Flyers pay attention to how the airlines communicate during a crisis "because they see their own personal stake in it," he said. "When people are sitting on that plane, they are feeling out of control. When you're sitting on an airplane, sometimes you don't even have access to WiFi — although we're doing a lot to try to fix that — and you're arriving whenever we decide to arrive. Hopefully your bags will make it, but we're the ones looking out for them. And you're certainly counting on United to keep you safe." State of play: United operates nearly 70% of the flights at Newark, which means the airline has a huge stake in the recent flight disruptions caused by air traffic control issues. "A lot of the challenges at Newark are totally outside of the control of United Airlines. We're talking about air traffic controllers, state and local regulators at the New York and New Jersey Port Authority, federal regulators at the FAA and the Department of Transportation, and the air traffic controllers union," he said. Yes, but: While things might be outside of United's control, its brand is impacted, and it is "not an option for us to sit on the sidelines," Earnest said. "That's why we have worked both to engage with government regulators, to try to come up with policy solutions that could solve the problem, but also why we've been really out in front in communicating with the public and with our customers about what is being done to make it more reliable." Most recently, United slashed ticket prices for Newark-based flights and partnered with JetBlue to allow for more flight options out of nearby Kennedy International Airport. Catch up quick: Before joining United, Earnest spent more than two decades in politics, most recently serving as White House press secretary for the Obama administration. Zoom in: Earnest sits on the executive team, reporting to United president Brett Hart. He oversees a team of about 140 people who are responsible for the airline's global communications, advertising and community engagement strategies. The team structure "allows us to integrate the creative, paid efforts with our aggressive, proactive earned efforts," he said. "There's no enterprise that can rely on one channel of communication, and it just means that there's a higher premium placed on a well-integrated communication strategy." "We will often use notes to our employees to drive news coverage. If you think about it, it used to be the other way. We would worry that notes we're sending to our employees could get out. And what do we do to try to prevent that? ... Now we like the benefit of the public seeing that we're transparently communicating with our employees about what's happening."
Yahoo
02-06-2025
- Business
- Yahoo
United Airlines says now's the time to book cheap Europe flights from Newark
United Airlines' CEO Scott Kirby said that Newark Liberty International Airport is going to have the best deals for travelers flying to or from the New York metro area this summer. During a Monday news conference with Transportation Secretary Sean Duffy and other officials announcing the early reopening of one of the airport's major runways, Kirby acknowledged that bookings to and from Newark have been soft because of its recent turn in the bad news spotlight, and he said the airline is compensating for that with lower prices to spur demand. "We did get well behind on bookings because of the perception issues around Newark recently, so that means more seats are available, which means the fares are better than they're probably going to ever be in the years to come, so now's the time to book your vacation if you want to go to Europe or you want to head across the country," he said. Still, Kirby doesn't seem to believe that customers should be motivated by price alone when choosing who they fly with. At an event hosted by The Wall Street Journal in May, Kirby said he thinks the ultra-low cost airline model has turned passengers off. Frequent flyer win?: United and JetBlue plan to share miles and status benefits "It's a crappy model," he said. "The model was screw the customer. Trick people, get them to buy, get them to come, and charge them a whole bunch of fees they aren't expecting." Instead, he suggested, travelers prefer ticket prices that are more clear about what they do and don't include, and aren't necessarily tempted by low prices alone anymore. Zach Wichter is a travel reporter and writes the Cruising Altitude column for USA TODAY. He is based in New York and you can reach him at zwichter@ This article originally appeared on USA TODAY: United Airlines CEO: Newark will have great flight deals this summer
