United Airlines to initially hire 300 new pilots as travel demand rebounds
- Wall Street ends week positively; S&P 500, Dow hit record highs
- Bitcoin (BTC) Drops 3% as Turkey Bans Cryptocurrency Payments Citing Lack of Regulatory Supervision
- Morgan Stanley (MS) Archegos-Related Loss Appears to be $911M
- Dollar at 4-week low on retreating Treasury yields
- J&J (JNJ) Privately Asked Rival Covid-19 Vaccine Makers to Inspect Clotting Risks, AstraZeneca (AZN) Said Yes but Pfizer (PFE) and Moderna (MRNA) Declined - Report
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Reuters) - United Airlines on Thursday said it would hire about 300 pilots as travel demand rebounds as a rising number of Americans get COVID-19 vaccination, according to the company's internal memo seen by Reuters.
United, which has more than 12,000 pilots, will hire pilots who either had a new hire class date that was canceled or a 2020 conditional job offer. Congress in March approved a six-month extension of a government program that gives airlines significant payroll assistance.
Since September 2020, almost 1,000 United pilots have either retired or participated in voluntary leave programs but the airline said "the number of new pilots needed will be dependent on our recovery from the COVID-19 pandemic."
United Chief Executive Scott Kirby said on a U.S. aviation summit on Wednesday that domestic leisure demand "has almost entirely recovered."
(Reporting by Shreyasee Raj in Bengaluru, David Shepardson in Washington and Tracy Rucinski in Chicago; Editing by Anil D'Silva and Aurora Ellis)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PepsiCo bets on vaccine-led reopenings for soda sales boost
- UK government doubles down on lobbying defence
- National economic activity accelerated to a moderate pace from late February to early April - Beige Book
Create E-mail Alert Related CategoriesGeneral News, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!