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Stock impact report

As air taxi services make progress in U.S., no timeline set for liftoff over L.A. traffic [Los Angeles Times (CA)]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Some city transportation officials expected the flying vehicles to be operational by the 2028 Olympics. But as air taxi companies have taken further steps toward a launch in other cities such as Chicago, L.A.'s ambitions to open skyways all over the city have chilled. Urban Movement Labs, a nonprofit started under former Mayor Eric Garcetti to focus on transit technology, created a primer in 2022 for how cities could incorporate air mobility, including taxi services. But after a merger with Los Angeles Cleantech Incubator , board member Francis Pollara said it's no longer prioritizing the technology. “We were heavily involved in supporting Archer and the coalition of other air taxis services,” Pollaro said about UML's involvement. “That work will not be continued as part of the merger.” The Los Angeles Department of Transportation, City Planning office and the mayor's office were part of the initial Advanced Air Mobility partnership with UML to think about how the technology c Show less Read more
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