Parking pain: Airlines, airports hunt for storage space as pandemic idles planes [Reuters]
United Airlines Holdings, Inc. (UAL)
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Source: Reuters
Parking pain: Airlines, airports hunt for storage space as pandemic idles planes SYDNEY (Reuters) - As airlines idle thousands of aircraft for which there are no passengers, they are hitting an unprecedented problem: finding a place to park them. Taxiways, maintenance hangars and even runways at major airports are being transformed into giant parking lots for more than 2,500 airliners, the biggest of which takes up about as much room as an eight-story building with a footprint 3/4 the size of an American football field. The number of planes in storage has doubled to more than 5,000 since the start of the year, according to Cirium data, with more expected to be parked in the coming weeks as carriers like Australia’s Qantas Airways Ltd ( QAN.AX ) and Singapore Airlines Ltd ( SIAL.SI ) proceed with further announced cuts to flight schedules. In Frankfurt, Germany’s biggest airport is a ghost town of silent airliners. Its northwest landing runway, including taxiways and bridges, has b
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UAL
Earnings
- 10/15/24 - Beat
UAL
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 144
- 10/21/24 - Form 4
- UAL's page on the SEC website