Get our latest news & updates delivered to your inbox, Receive a feed of updated information from our newsroom, This is why we fly. . United also announced it will begin new service between Denver and Charleston, South Carolina; Eureka, California; and Fairbanks, Alaska. Now, those employees who are eligible under the terms of the PSP extension can temporarily come back to United through March 2021. Uniting the World." Competitors American Airlines and … UAL reports CASM excluding special charges, third-party business expenses, fuel and profit sharing. The purpose of the Plan is to protect the Company's ability to use these tax assets, which would be substantially limited if the Company experienced an "ownership change" within the meaning of Section 382 of the Code. For a reconciliation of adjusted EBITDA to net income for the years ended December 31, 2020 and 2019, please see the accompanying tables to this release. In 2020, started 43 domestic routes and 10 international routes, with 15 more international routes planned to launch in 2021. "Contact tracing is a fundamental component of the nation's public health response strategy for controlling the spread of communicable diseases of public health concern," said CDC Director Dr. Robert R. Redfield. During the three months ended December 31, 2019, the company recorded an impairment charge of $90 million associated with its Hong Kong routes. The company conducted impairment reviews of certain intangible assets throughout 2020, which consisted of a comparison of the book value of those assets to their fair value calculated using the discounted cash flow method. All forward-looking statements in this release are based upon information available to us on the date of this release. Passengers and airline team members should be proud of United Airlines' continuous advancements for customer wellbeing.". Booked over 2,900 free flights for medical professionals to support COVID-19 response in. Shared Purpose & Values; Newsroom; Investor relations; Leadership team; United Express® partners; Global alliances; Careers; Diversity and inclusion ; Media & partners. "We look forward to connecting more of the country with California, for example Columbus and Madison, two important markets for higher learning. We’re expanding our service between New York/Newark and Johannesburg to offer daily nonstop flights starting in spring 2021. "The passion, teamwork and perseverance that the United team showed in 2020 is exactly what will help us build a new United Airlines that's better, stronger and more profitable than ever. In connection with the delivery of each aircraft from Boeing, United assigned its right to purchase such aircraft to the buyer, and simultaneous with the buyer's purchase from Boeing, United entered into a long-term lease for such aircraft with the buyer as lessor. Rainbow Railroad USA: The organization's mission is to help persecuted LGBTQI+ individuals around the world travel to safety as they seek a haven from persecution. Since the beginning of the COVID-19 crisis, United has raised over $26 billion in liquidity and made important progress in reducing core cash burn (see detailed chart below) to ensure the company's survival. We are not providing a target or a reconciliation to profit margin (net income/total operating revenue), the most directly comparable GAAP measure, because we are unable to predict certain items contained in the GAAP measure without unreasonable efforts. Using crowdsourcing platform - Miles on a Mission - donated more than 11 million miles for charities like the Thurgood Marshall College Fund, College to Congress, and Compass to Care. The provisions of the new lease agreement resulted in a change in accounting classification of these new leases from operating leases to finance leases up until the purchase date. Since COVID-19 began, first major U.S. airline to require masks onboard. Keep an eye on this page for the latest deals and announcements on new routes as we continue to expand our global network.These flights are now available for purchase, but the date available for travel may vary. United was the first airline to announce optional pre-flight COVID-19 testing for customers. We've partnered with. United has been realistic about our outlook throughout the crisis, and we've tried to give you an honest assessment every step of the way. UAL will hold a conference call to discuss fourth-quarter and full-year 2020 financial results as well as its financial and operational outlook for the first quarter 2021, on Thursday, January 21, at 9:30 a.m. CT/10:30 a.m. United Airlines Bolsters Domestic Network: Adds 22 New Routes for 2019 United announces the only nonstop flights connecting New York and Pensacola, Florida, and new daily service to Anchorage, Alaska October 15, 2018 And we're so proud of our team for playing an important role in the global distribution of those treatments. Looking for something new? The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months. Due to a decrease in demand for the Hong Kong market and the resulting decrease in unit revenue, the company determined that the value of its Hong Kong routes had been fully impaired. https://t.co/MP0BNQodPV, Image of Bingo! 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