United Airlines to expand its transatlantic service скачать в хорошем качестве

United Airlines to expand its transatlantic service

Jamie Baker, JPMorgan senior airlines analyst, joins Closing Bell to discuss United's announcement about expanding its transatlantic routes. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi United Airlines plans to add 10 new trans-Atlantic flights in 2022, a bet that cooped up U.S. customers will race to get out of the country to visit Norwegian fjords, Jordan’s archeological sites or the Canary Islands after international travel was largely on pause since the Covid pandemic began. The additions include five new destinations: three-times-a-week service to Amman, Jordan, from Washington, D.C. on May 5 with a Boeing 787-8 and from Newark Liberty International Airport in New Jersey to Bergen, Norway on May 5 with a Boeing 757-200, Palma de Mallorca in Spain on June 2 with a 767-300ER and Tenerife in Spain’s Canary Islands on June 9 on a 757-200. It’s also added daily flights to Ponta Delgada in Portugal’s Azores on May 13, using a Boeing 737 Max. “We want to return to travel being fun,” Patrick Quayle, United’s senior vice president of international network and alliances, said on a call with reporters. International travel, and trans-Atlantic in particular, has been a pillar of large U.S. carriers’ service but was derailed by the pandemic and accompanying travel restrictions, which are beginning to ease. United’s trans-Atlantic service brought in just $585 million in the second quarter, about 10% of its revenue, down from nearly $2.1 billion compared with 2019, when it was 18% of its sales. United and other carriers have focused on domestic travel, particularly for beach and other outdoor destinations, which was more resilient than international and surged after vaccines became widely available this spring and case counts dropped. Delta and American used some of their largest jetliners for domestic routes with international demand depressed. Carriers have pounced on new destinations in Europe but executives don’t expect demand to return in full until the Biden administration lifts restrictions on visitors to the U.S. from Europe and elsewhere, which it says it will do in early November. Delta Air Lines CEO Ed Bastian said Wednesday on a quarterly call that bookings surged sixfold after the Biden administration announced it would replace travel bans with vaccine requirements that would allow visitors from Europe into the U.S. again. United is also adding other European routes including between Denver and Munich, Chicago and Milan, Washington D.C. and Berlin. Routes it had to put on hold during the pandemic will also launch, like San Francisco to Bangalore, India, on May 26 and Newark and Nice, France, on April 29. United won’t fly previous routes from Newark to Manchester and Newark to Glasgow in the U.K. and San Francisco to Dublin, Quayle said. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV