United Airlines

United Airlines changes top team

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United Airlines has announced changes at the top.

Chief executive Oscar Munoz is to become executive chairman from the annual meeting on 20 May 2020 while the chief executive role will be filled by insider Scott Kirby.

The current chair Jane Garvey will leave the board at that time

United Airlines shares slide

A United Airlines Boeing 777 passenger aircraft taxis at Denver International Airport in Denver, Colorado
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Shares in United Airlines are on the way down despite the carrier reporting a bigger-than-expected increase in second-quarter profit.

This was driven by strong air travel demand and the ability to charge more for seats after the grounding of Boeing 737 MAX reduced capacity.

The three US airlines that operate the MAX - United, American Airlines and Southwest Airlines - are cancelling thousands of flights each month since a worldwide grounding in March following crashes in Ethiopia and Indonesia that killed 346 people.

United Airlines reported net income of $1.05bn in the second quarter, up 54% from the same period in 2018.

Company results showed total passenger revenue increased 6.1% versus the second quarter of 2018.

The firm also lifted its profit outlook for 2019.

But shares fell 0.8%. Earnings per share growth for the year is expected to be slower than in 2018 due to the Max grounding and closed Pakistani air space, which led to United to cutting its 2019 capacity growth target for a second time this year.

US airlines report service shutdowns

Southwest, Delta, and United airlines took to Twitter this morning to apologise for system-wide outages.

Southwest told fed-up passengers: "We're working through some technical difficulties".

Delta had a similar message for tired travellers: "Our team is working diligently to get this resolved and hope to have you on your way shortly".

United Airlines said: "It appears that we are experiencing an outage that is impacting our ability to create release paperwork".

However it looks as if the situation may have been been resolved, though it's not clear how many flights have been delayed - or cancelled - because of the outage.

Southwest just tweeted:

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