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Delta Air Lines, Inc. (DAL) - free report >>
United Airlines Holdings Inc (UAL) - free report >>
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United Airlines Announces Deal Ratification by Technicians
United Continental Holdings Inc. UAL, the parent company of United Airlines, has been performing well over the past few months and has comfortably outperformed the Zacks categorized Transportation-Airline industry over the last three months. The stock has gained over 27.16% compared with the industry, which has advanced just 11.48% over the same period.
Recently, United Airlines announced that the company’s technicians have ratified a new joint collective bargaining agreement. The technicians are represented by the International Brotherhood of Teamsters (“IBT”). The accord covers over 9,000 technicians and related employees of United Airlines. The single comprehensive deal encompasses improvements deemed important by the technicians along with increments in wages and job protection.
Including the one mentioned above, the company has now entered into agreements with each domestic unionized work group this year. Earlier this year, the company reached a joint collective bargaining agreement with flight attendants. It has also reached deals on contract extensions with pilots, dispatchers, ramp and passenger-service agents, maintenance and fleet technical instructors in addition to security officers, contact center employees, load planners and storekeepers.
HavanaFlight
United Airlines’ first flight to Havana took off from Houston George Bush Intercontinental Airport (IAH) on Dec 3. Notably, this is the 14th new international route to be launched by the airline in 2016.
United Airlines faces tough competition from peers such as American Airlines Group Inc. (AAL - Free Report) , Southwest Airlines Co. (LUV - Free Report) and Delta Air Lines Inc. (DAL - Free Report) .
Zacks Rank
Untied Continental currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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