Senate panel slams US airlines for 'junk' fees, execs called to testify [FOX Business Network]
United Airlines Holdings, Inc. (UAL)
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Source: FOX Business Network
A U.S. senate panel is calling on executives from five major airlines to testify during a congressional hearing in December over their growing use of "junk" fees to increase revenue. During the Dec. 4 hearing, titled "The Sky's the Limit – New Revelations About Airline Fees," senior executives from American Airlines, United Airlines, Delta Air Lines, Spirit Airlines and Frontier Airlines will convene in front of the Senate Permanent Subcommittee on Investigations (PSI). Sen. Richard Blumenthal, D-Conn, the chair of the subcommittee, announced the hearing Tuesday just as the committee released the findings of its PSI Majority Report. The report highlighted how major airlines have increasingly used ancillary or junk fees to boost their revenue, which has driven up costs for consumers, according to Blumenthal. In the report, the subcommittee said airlines have increasingly charged separately for goods and services that were once included in the price of a ticket over the past two
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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