The company provides commercial airline services.
United Airlines, Inc. (commonly referred to as United) is a major American airline headquartered at Willis Tower in Chicago, Illinois. United operates a large domestic and international route network spanning cities large and small across the United States and all six continents. Measured by fleet size and number of routes, it is the third largest airline in the world. It is a founding member of the Star Alliance, the world’s largest airline alliance with a total of 28 member airlines. Regional service is operated by independent carriers under the brand name United Express. United was established by the amalgamation of several airlines in the late 1920s, the oldest of these being Varney Air Lines, which was founded in 1926.
United has eight hubs, with Chicago-O’Hare being its largest in terms of passengers carried and the number of departures.
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.
American Airlines will fly less than 50% of its normal schedule in the fourth quarter. International flights will be reduced to only 25% of last-year levels.
Apple shares took the lead to open the week ahead of other top tech stocks. Airlines and cruise stocks rose as well.