United Airlines Holdings Inc Stock Price, News & Analysis

United Airlines will host a conference call on April 19, 2023, at 9:30 a.m. CT to discuss its first-quarter 2023 financial results. The company is set to release its financial results and outlook on April 18, 2023, after market close. Investors can access a live webcast of the call via ir.united.com.

United Airlines is committed to enhancing its global route network and improving customer experiences as part of its mission to connect people worldwide.

United Airlines has announced a $5 million investment in Svante, a carbon capture technology company. This investment is part of United's Sustainable Flight Fund and aims to convert CO₂ from the atmosphere into sustainable aviation fuel (SAF). United has invested in over three billion gallons of SAF production, leading all airlines globally. The airline is committed to achieving 100% green status by 2050 by eliminating greenhouse gas emissions without relying on traditional carbon offsets. This investment supports Svante's new manufacturing facility in Vancouver, Canada, which will produce carbon capture filters.

United Airlines and Archer Aviation have announced a partnership to launch the first air taxi route in Chicago, connecting O’Hare International Airport (ORD) with Vertiport Chicago. This initiative marks a significant step in urban air mobility (UAM) as both companies plan to integrate Archer's electric vertical takeoff and landing (eVTOL) aircraft into the city’s transportation ecosystem by 2025. The goal is to provide a sustainable, low-noise alternative to ground transportation, significantly reducing travel time to approximately 10 minutes from ORD to the city center. Collaboration with local authorities aims to establish the necessary infrastructure.

United Airlines has announced its first investment of $5 million in algae biofuel company Viridos through its UAV Sustainable Flight Fund. This initiative aims to support the production of sustainable aviation fuel (SAF) made from microalgae, which offers a scalable solution without impacting the food supply chain. United has invested in more than three billion gallons of SAF, leading the aviation industry in this area. With Viridos' innovative technology, which enhances oil yield from microalgae, SAF production is projected to have a 70% lower carbon footprint compared to traditional jet fuel. United aims to achieve net-zero carbon emissions by 2050.

Energy Vault reported Q4 2022 revenue of $100.3 million, driven by a 275MWh storage project in California. Total revenue for 2022 was $145.9 million, with a net loss of $(23.3) million. The company's cash position increased to $286.2 million, with no debt. Contracted orders total 1,635 MWh, representing potential revenue of $540 million. Looking ahead, Energy Vault projects 2023 revenue between $325 million and $425 million, reflecting a growth of 2x-3x. Adjusted EBITDA is expected to be $(50) million to $(70) million. Key contracts secured include projects in Nevada and Australia, indicating strong market positioning.

United Airlines will present at the J.P. Morgan Industrials Conference on March 14, 2023, starting at 7:50 a.m. CT. The presentation can be accessed via a live webcast available in the investor relations section of United's website. An archived version of the audio webcast will be posted within 24 hours and will remain available for a limited time.

United Airlines operates a robust global route network from its major hubs in cities including Chicago, Denver, and Los Angeles, aiming to enhance customer travel options and experiences.

United Airlines has launched a consumer education campaign centered on Sustainable Aviation Fuel (SAF), appointing Oscar the Grouch as their first Chief Trash Officer. This initiative aims to raise awareness of SAF, which can significantly reduce greenhouse gas emissions compared to traditional jet fuels. United has invested in the future production of over three billion gallons of SAF, the highest among airlines worldwide. The campaign, featuring over 30 original content pieces, encourages customers to track their carbon footprint and contribute to the UAV Sustainable Flight Fund. The airline aims for net-zero emissions by 2050, without relying on traditional carbon offsets.

United Airlines has introduced the United Airlines Ventures Sustainable Flight Fund with an initial >$100 million investment from itself and inaugural partners including JPMorgan Chase, GE Aerospace, Honeywell, Air Canada, and Boeing. This innovative funding initiative aims to support start-ups focused on decarbonizing air travel through sustainable aviation fuel (SAF) research and production. Customers can now estimate their flight's carbon footprint and contribute to the fund during ticket purchases. United aims to decarbonize air travel, planning to produce over 3 billion gallons of SAF, the highest among airlines.