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UNITED AIRLINES HOLDINGS, INC.

(UAL)
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Airline chiefs urge end to UK-U.S. travel restrictions

06/07/2021 | 06:08pm EDT

(New throughout, adds details and comments from executives)

LONDON/WASHINGTON, June 7 (Reuters) - The heads of all passenger airlines flying between Britain and the United States called on Monday for both countries to lift trans-Atlantic travel restrictions put in place to fight the COVID-19 pandemic.

High vaccination rates in both countries meant travel could restart safely after more than a year of restrictions, said the CEOs of American Airlines, IAG unit British Airways, Delta Air Lines, United Airlines and JetBlue Airways Corp in a rare joint virtual press conference.

The push came days ahead of this week's meetings between U.S. President Joe Biden and British Prime Minister Boris Johnson at the G7 meeting of advanced economies this week in Cornwall, southwest England.

U.S. and UK airline officials told Reuters they do not expect Washington to lift restrictions until around July 4 at the earliest as the administration aims to get more Americans vaccinated.

British Airways chief executive Sean Doyle said lifting restrictions is essential.

"I think there's much more at stake here than a holiday, it's about trade, it's about visiting friends and relatives, and it's about getting back and doing business and re-employing people," Doyle said.

Since March 2020, the United States has barred nearly all non-U.S. citizens who have been in the United Kingdom within the previous 14 days from entering the country. Most U.S. travellers visiting the United Kingdom must quarantine for 10 days upon arrival.

Reopening is more crucial for Britain-based airlines British Airways and Virgin Atlantic, which are not benefiting from a rebounding domestic market like their U.S. peers.

JetBlue CEO Robin Hayes said "the human cost is just I think devastating" for people who have been vaccinated but "haven't seen their kids, grandkids for over a year now."

The vast majority of nations do not face the entry restrictions and were added by the United States on an ad hoc basis. Only the 26 Schengen nations in Europe without border controls, Ireland, China, India, South Africa, Iran and Brazil face the restrictions.

American Airlines Chief Executive Doug Parker said the list of countries that face those U.S. restrictions "doesn't make much sense anymore ... vaccinated travellers are safe to travel."

United Airlines CEO Scott Kirby said the airline "could add pretty significant capacity" within four weeks if restrictions were lifted. "We are in the peak travel season for travel between the US and UK, and every single day that goes by is a day lost for the recovery," he said. (Reporting by Sarah Young in London and David Shepardson in Washington; editing by Michael Holden and David Gregorio)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 2.34% 21.39 Delayed Quote.35.64%
DELTA AIR LINES, INC. 2.21% 43.53 Delayed Quote.8.26%
DOW JONES AFRICA TITANS 50 INDEX -0.12% 511.21 Delayed Quote.-3.27%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1869.66 Delayed Quote.6.01%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 1.96% 175.6 Delayed Quote.9.89%
JETBLUE AIRWAYS CORPORATION 2.03% 16.05 Delayed Quote.10.32%
S&P AFRICA 40 INDEX -0.44% 165.74 Delayed Quote.-4.06%
UNITED AIRLINES HOLDINGS, INC. 2.78% 48.79 Delayed Quote.12.81%
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Financials (USD)
Sales 2021 25 032 M - -
Net income 2021 -1 773 M - -
Net Debt 2021 20 186 M - -
P/E ratio 2021 -8,27x
Yield 2021 -
Capitalization 15 789 M 15 789 M -
EV / Sales 2021 1,44x
EV / Sales 2022 0,87x
Nbr of Employees 84 400
Free-Float 99,8%
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Last Close Price 48,79 $
Average target price 59,11 $
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Managers and Directors
J. Scott Kirby Chief Executive Officer & Director
Brett J. Hart President
Gerald Laderman Chief Financial Officer & Executive Vice President
Linda P. Jojo Chief Digital Officer & Executive VP-Technology
Jonathan Roitman Chief Operations Officer & Executive VP