During Friday’s Morning trade, Shares of United Continental Holdings, Inc. (NYSE:UAL), gained 1.38% to $61.11.
United Continental Holdings, and the International Association of Machinists and Aerospace Workers (IAM) recently agreed to commence contract negotiations more than one year ahead of the planned amendable date of their agreements. These negotiations, which cover nearly 30,000 United employees, are predictable to proceed on an early and expedited basis.
“Working together with the IAM, United is moving forward to deliver industry-leading contracts for our IAM-represented employees well ahead of the normal bargaining plan,” said Mike Bonds, United’s executive vice president of Human Resources and Labor Relations. “This is one of several positive steps we’ve taken recently to demonstrate our firm commitment to our people.”
As part of this agreement, United has extended through Jan. 15, 2019, its commitment not to contract out work presently performed by the IAM-represented group at all hub and station airport locations.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with about 118 seats, and its regional operations. The company operates an average of about 5,000 flights a day to 352 airports.
Shares of American Airlines Group Inc. (NASDAQ:AAL), declined -0.75% to $45.27, during its current trading session.
American Airlines Group Inc., will offer new access to Cancun, Mexico - one of Mexico’s most popular destinations - when it adds new service from four U.S. cities in 2016. The new seasonal service to Cancun International Airport (CUN) will operate on Saturdays from Raleigh-Durham International Airport (RDU), Pittsburgh International Airport (PIT), Nashville International Airport (BNA) and Kansas City International Airport (MCI). We expect that customers may start booking flights for these new routes in mid-November once governmental approvals have been obtained, and service will start on March 5, 2016.
“The addition of these four new routes gives our customers 12 locations to fly non-stop to Cancun,” said Art Torno, senior vice president – International and Cargo. “As the premier carrier to Mexico, the Caribbean and Latin America with flights to 85 destinations, these additions highlight our commitment to providing our customers with a network that is second to none.”
In August, American declared plans to provide customers a more seamless experience with its Airbus 319 fleet. A319s will be retrofitted with AC power ports at every seat and new overhead bins with raised storage for carryon bags. When complete, all A319s will be configured with 128 seats with 8 First Class seats and 18 Main Cabin Extra seats.
American is in the midst of more than $2 billion in planned improvements to give customers a superior travel experience around the world. These capital investments comprise fully lie-flat seats; international Wi-Fi; more in-flight entertainment options and power outlets; a new, modern design for Admirals Club lounges worldwide; and an upgraded assortment of complimentary healthy food, cocktails and more. For more information on American’s $2 billion investment, please visit aa.com/goingforgreat.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
Finally, Paylocity Holding Corporation (NASDAQ:PCTY), surged 15.28%, and is now trading at $42.62, hitting its highest level.
Paylocity Holding Corporation, declared financial results for the first quarter of fiscal year 2016, which ended September 30, 2015.
First Quarter 2016 Financial Highlights
Revenue:
- Total revenue was $45.1 million, an improvement of 45% from the first quarter of fiscal year 2015.
- Total recurring revenue was $42.9 million, representing 95% of total revenue and an improvement of 45% from the first quarter of fiscal year 2015.
Adjusted EBITDA:
- Adjusted EBITDA, a non-GAAP measure, was $3.3 million contrast to Adjusted EBITDA of $0.4 million in the first quarter of fiscal year 2015.
Operating Income (Loss):
- GAAP operating loss was ($3.4) million, contrast to an operating loss of ($4.9) million in the first quarter of fiscal year 2015.
- Non-GAAP operating income was $0.9 million, contrast to non-GAAP operating loss of ($1.4) million in the first quarter of fiscal year 2015.
Net Income (Loss):
- GAAP net loss was ($3.4) million. This compares to a net loss of ($4.9) million for the first quarter of fiscal year 2015. Net loss per share was ($0.07) for the three months ended September 30, 2015 based on 50.7 million basic and diluted weighted average common shares outstanding. Net loss per share was ($0.10) for the first quarter of fiscal year 2015, based on 49.6 million basic and diluted weighted average common shares outstanding.
- Non-GAAP net income was $0.9 million. This compares to non-GAAP net loss of ($1.4) million for the first quarter of fiscal year 2015. Non-GAAP net income per share was $0.02 for the three months ended September 30, 2015, based on 53.4 million diluted weighted average common shares outstanding. Non-GAAP net loss per share was ($0.03) for the first quarter of fiscal year 2015, based on 49.6 million basic and diluted weighted average common shares outstanding.
Paylocity Holding Corporation provides cloud-based payroll and human capital administration (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity HR, a set of HR capabilities for enhancing HR compliance and reporting capabilities, and managing employee information; Paylocity Affordable Care Act Improved that provides compliance and reporting for the Affordable Care Act; and Paylocity Impressions, a social media feature that integrates peer-to-peer partnership and recognition into its products.