US senators grill officials from 5 airlines over fees for seats and checked bags [Yahoo! Finance Canada]
United Airlines Holdings, Inc. (UAL)
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Source: Yahoo! Finance Canada
Sen. Richard Blumenthal , D-Conn., said he thinks the federal government should review and perhaps fine the airlines for their use of what he called junk fees. Blumenthal, the chairman of the Senate Permanent Subcommittee on Investigations, said seat fees were pure profit for the airlines because they don't have to create new seats or incur other expenses by allowing customers to pick where to sit. Some senators expressed frustration during Wednesday's hearing when airline executives could not explain how they set the amount of various fees. They said the vagaries of airline pricing make it hard for consumers to budget for trips “We're all captives on your airplanes at a certain point. You just say, ‘You want to pick seat? We're just going to charge you some random amount more,'” Sen. Maggie Hassan, D-N.H., said. “It would be good if you guys could be transparent about what you do and why.” The fees don't seem to be discouraging anybody. Americans are flying more than ever.
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News
- The Innovation Imperative: We Need More Time To Think [Forbes]Forbes
- Airline execs grilled on 'junk fees' in testy Senate hearing: 'Travelers are quite simply fed up' [Yahoo! Finance Canada]Yahoo! Finance Canada
- Airline execs grilled on 'junk fees' in testy Senate hearing: 'Travelers are quite simply fed up' [Yahoo! Finance]Yahoo! Finance
- The Schall Law Firm Invites Investor Contributions To An Inquiry Into United Airlines Holdings, Inc.'s Possible Securities Law Violations Accesswire
- Is UAL's Cheap Valuation an Opportunity to Invest in the Stock? [Yahoo! Finance]Yahoo! Finance
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