TOMORROWS TRANSPORTATION NEWS TODAY!
United Airlines wants to help its most affluent travelers get to Newark International Airport a whole lot quicker.
The Chicago-based airline (NYSE: UAL) launched a helicopter service in mid-May as a transfer of sorts, charging $2,099 for up to three travelers who are looking for speedy route from Manhattan to Newark, New Jersey and vice versa.
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United Offers Helicopter Transfers to Newark
It can’t be fun to be American Airlines (NASDAQ: AAL) CEO Doug Parker right now. His company has experienced massive nonfuel cost increases over the past few years. Now that the carrier is finally reining in controllable costs, fuel prices have surged, creating a new headache. Meanwhile, American has the weakest balance sheet of any major U.S. airline.
At a major industry event last week, Parker reiterated his stance that industry capacity growth will slow and airfares will rise to offset the increase in fuel costs. However, he acknowledged that this process wasn’t likely to play out right away.
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Is American Airlines in a mess?
United Airlines is facing increased competition from its arch-enemy Emirates at its Newark Liberty International Airport hub.
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United Airlines facing increased competition
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