This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

United Airlines Extends Newark Agreement, Commits $150M In Further Investment At Region's Largest Hub

In 2001, Continental's Global Gateway initiative, a $3.8 billion public-private partnership, brought new AirTrain rail connections – the New York area's only on-airport rail connection with direct access to New York's Penn Station and the northeast corridor – along with new roadways, parking garages, expanded electronic ticketing facilities, new terminal designs to facilitate more efficient security screening and an automated baggage handling system.

Since 2010, United has invested in its facilities at Liberty to improve customer service and co-worker experience.

The airline broke ground in January 2013 on a new widebody maintenance hangar at Liberty, a $35 million investment that economic development officials say will create 200 jobs and generate $12 million in wages and $52 million in economic activity before its completion, scheduled for year-end.

United continues to work in conjunction with the Transportation Security Administration on a $100 million "in-line" baggage-screening system that, upon completion by year-end, will speed the movement of checked bags between the check-in counter and United aircraft.

The airline also is designing a new $65 million catering facility at Liberty.  

United's Airport Facility Improvements

United and its airport partners are investing more than $1 billion in improvements to United's airport facilities worldwide.

In addition to the widebody maintenance hangar under construction at Liberty, United broke ground in October 2012 on a $45 million widebody maintenance facility at Washington Dulles International Airport, a major United hub and gateway to Europe and the Middle East.

At Terminal B at George Bush Intercontinental Airport in Houston, where later this month United will open the first phase of an extensive terminal renovation project, the airline is redesigning the seat layout in the gate areas, offering electric power at nearly two-thirds of the seats and space for carry-on baggage. The airline is similarly retrofitting its gate areas in Terminal 2 at Chicago O'Hare International Airport later in 2013. Approximately one-third of United and United Express flights operate to and from Houston Bush and Chicago O'Hare.

United Club Lounges

On Dec. 21, 2012, United unveiled its new airport lounge concept with the grand reopening of the airline's United Club lounge in Terminal 2 at Chicago O'Hare Airport. The 13,300 square foot United Club features a completely redesigned interior that reflects elements of flight and travel. United has outfitted the club with an expansive bar and lounge area, dynamic lighting, redesigned furniture and additional workstations and power outlets.

United is spending more than $50 million in 2013 to renovate several of the airline's 51 United Club locations.

Co-worker Breakrooms

United is also investing in facilities for co-workers to offer them more comfort during breaks and enable them to deliver better service to customers. The airline anticipates completing in May an extensive renovation of breakrooms at Washington Dulles for co-workers in customer service, ramp operations and technical operations. The renovations include new furniture, appliances and durable flooring and wall coverings. United plans to begin similar renovations this year at Chicago O'Hare and later at its other U.S. hub airports.

Stock quotes in this article: UAL 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,438.53 +29.99 0.18%
S&P 500 1,865.98 +1.13 0.06%
NASDAQ 4,095.4810 -0.0350 -0.00%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs