United Arab Emirates says it will permanently leave OPEC on May 1

The United Arab Emirates said on Tuesday that it is leaving the OPEC oil cartel after more than 50 years of membership. The UAE said its decision to exit OPEC followed an “extensive review” of its production policy and future capacity. The statement also cited “geopolitical fluctuations” affecting short-term oil supplies, a reference to the … Read more

United Arab Emirates quits OPEC as Iran war raises gulf tensions

The United Arab Emirates said Tuesday that it would leave OPEC, the Organization of the Petroleum Exporting Countries, which coordinates oil output among leading energy producing nations. The country joined OPEC in 1971. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The departure from OPEC will likely lead … Read more

United Airlines CEO says he approached American Airlines to discuss possible merger

United Airlines CEO Scott Kirby confirmed Monday that he approached American Airlines to explore a possible merger between the two carriers, a move that sparked concerns about competition in the airline industry. “I was confident that this combination, which would have been about adding and not subtracting, creating a truly great airline that customers love, … Read more

United Airlines merger with American Airlines would hurt consumers, senators say

Two lawmakers are speaking out against a potential merger between United Airlines and American Airlines, saying a deal would weaken industry competition and harm consumers.  “If United and American were to merge, airlines would face less pressure from rivals to keep the cost of flying down, and airlines across the industry could raise ticket prices … Read more

United flight from Chicago to New York diverts to Pittsburgh over

A United Airlines flight from Chicago to New York City diverted to Pittsburgh International Airport on Saturday afternoon over a “possible security issue,” authorities said, and passengers were forced to evacuate the plane using emergency slides.  United Flight 2092 diverted to Pittsburgh International Airport and landed safely around 11:45 a.m. Eastern Time Saturday after the … Read more

United CEO floated idea of United-American Airlines merger, sources say

United CEO Scott Kirby floated the idea to Trump administration officials of United merging with American Airlines, according to sources familiar with the situation.  That conversation with officials is surfacing now after Transportation Secretary Sean Duffy hinted the Trump administration was open to further consolidation in the aviation industry, but United would have a challenging … Read more

United raises bag fees, becoming second U.S. carrier to up the price

United Airlines is raising its fees for first and second checked bags, becoming the second U.S. airline to up the price this week. United is raising the price by $10 for flights in the U.S., Mexico and Canada and Latin America, the airline said Thursday in a statement, making the price for the first checked … Read more