United Airlines (UAL.N) has paid a premium to dump old losing bets on higher oil prices, and is reviewing its strategy for insulating itself from oil market volatility, in a sign of how some airlines' efforts to hedge their fuel costs have backfired.
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United Continental holds airport job cuts to ease labor tension
In a bid to ease the mounting tension emerging from workers, United Continental Holdings Inc has suspended the outsourcing of jobs at the airport. The workers of United Continental expressed their concerns about measures of the company for job cuts. United already slashed 1,100 jobs early this year citing reasons for cost control. Since then, it's been involved in hiring outsourcing staff as part of cutting down costs and existing regular employees. The airline has assured employees that there wouldn't be outsourcing until 2017.
Zscaler raises $25mn from Google Capital to close $110-mn round
Zscaler, a California-based cloud security firm, has mobilized $25million from Google Capital, an equity investment arm of Google. Adding to the oversubscribed round, the total amount raised by Zscaler reaches $110mn. The cyber security firm raised $85million in August. Zscaler was waiting for a strategic partner to close the round. Google Capital is engaged in late-stage financing activity.
United Airlines Adds Interactive Map to iOS App
United Airlines announced an update to its mobile app that now includes an interactive airport map. The move is said to help passengers find amenities close by the airport area.
NYSE shut down for nearly four hours by technical glitch
The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese stocks and the Greek debt crisis.
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The union representing American Airlines pilots approved the carrier's final contract offer late Saturday, paving the way for a retroactive 23 percent wage hike if its members concur in a vote this month.
American Airlines Group Inc said Tuesday that it plans to pay flight attendants an additional four percentage points on top of raises already averaging 10 percent, thanks to profits that have strengthened as oil prices have collapsed.
Chicago-based United Airlines is in talks with Embraer SA (EMBR3.SA) and Bombardier Inc (BBDb.TO) to buy new narrow-body planes, Bloomberg reported citing people familiar with the matter.
American Airlines Group (AAL.O), United Airlines (UAL.N) and other carriers reported strong third-quarter profits on Thursday, helped by falling fuel costs, and mostly shrugged off concerns that Ebola could affect their outlook.
American Airlines has won regulatory approval to swap flight attendants' paper manuals for lighter Samsung tablets in a change that will save nearly $1 million a year, the company said on Wednesday.
Starting April, United Airlines will roll out a free in-flight entertainment service for iOS devices and laptops that has more than 150 movies and 200 TV shows that passengers can stream.
A document released on Wednesday discussed that the US Justice Department was open to settle the antitrust lawsuit it filed against US Airways(UA) and American Airlines (AA).
United Airlines engages to buy biofuels for their flights from AltAir Fuels for a three-year contract.
