Dulles Airport expansion: United Airlines leads $500M development [Yahoo! Finance]
United Airlines Holdings, Inc. (UAL)
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Source: Yahoo! Finance
Dulles Airport's new Concourse E is a $500 million project, with $200 million of that funding coming from federal grants. The new concourse will be 435,000-square-feet and house 14 gates. It will also be home to a new United Club lounge. The new concourse is set to open in 2026 – right in the midst of an historic rebound by the airline industry. "The Sunday after Thanksgiving wasn't just a record. It was a record by a mile. We had 25% more revenue than we had in the second highest day in our history," said Scott Kirby, CEO of United Airlines. Dulles is poised to set a new record this year, surpassing its 2005 peak of 27 million passengers. Kirby says the only thing holding back the airlines is a shortage of federal air traffic controllers. "We need to get it back to full staffing," said Kirby.
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UAL
Earnings
- 10/15/24 - Beat
UAL
Sec Filings
- 11/26/24 - Form 4
- 11/22/24 - Form 144
- 11/5/24 - Form 4
- UAL's page on the SEC website