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About United American Corporation

United American Corporation (United) is a Florida-based holding and management company focusing on telecommunications technologies.

United American Corporation Headquarter Location

5201 Blue Lagoon Drive 8th Floor

Miami, Florida, 33126,

United States

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Latest United American Corporation News

United, American, Delta and Southwest Urge Biden To Drop Airline Mask Mandate

Mar 24, 2022

TheStreet I agree to TheMaven's Terms and Policy Sign Up United, American, Delta and Southwest Urge Biden To Drop Airline Mask Mandate Airlines for America, a lobby group, says mask mandates are "no longer aligned with the realities of the current epidemiological environment". Airline stocks moved higher Thursday after industry leaders urged President Joe Biden to lift the pandemic-era mask mandate on planes and in airports, arguing the rules a 'no longer aligned' to the current post-Covid environment. Airlines for America, a lobby group representing the biggest U.S. domestic and international carriers, wants the Biden Administration to drop predeparture test requirements, following similar decisions in the U.K. and Europe, and says the current mandate requiring masks on planes and in airports, noting high levels of public immunity to Covid variants, vaccine and therapeutics availability and flight cabin air quality. The administration's current mask mandate, which covers air travel, as well as other modes of public transportation, was extended last week until April 18. "It makes no sense that people are still required to wear masks on airplanes, yet are allowed to congregate in crowded restaurants, schools and at sporting events without masks, despite none of these venues having the protective air filtration system that aircraft do," the letter said. “The science clearly supports lifting the mask mandate, as demonstrated by the recently released CDC framework indicating that 99% of the U.S. population no longer need to wear masks indoors. "  Earlier this month, most U.S. carriers said bookings and traffic has improved notably since the start of the year amid the easing of pandemic era restricts on business and travel and would likely offset a surge in jet fuel prices linked to the ongoing volatility in global crude prices and Russia's war on Ukraine. United noted, however, that overall capacity this year would still be down in the "high single digits" when compared to 2019 levels, citing the recent surge in jet fuel costs linked to the ongoing volatility in global crude markets, as well as aircraft delivery delays tied to Boeing's  ( BA ) - Get Boeing Company Report  issues with its 787 Dreamliner. American Airlines trimmed its revenue decline forecast to around 17% from 2019 levels, compared to its prior forecast of between 20% and 22%, as part of its presentation to the J.P. Morgan Industrials Conference in New York, while Southwest lowered its estimate for revenue declines from 2019 levels to around 8% to 10%. The group had previously forecast a fall of between 10% and 15%. Delta Air Lines boosted its current quarter revenue forecast to be about 78% of pre-pandemic levels, up from its prior estimate of between 72% and 76%, adding that its fuel costs would average $2.80 per gallon in the first quarter, up from its January forecast of between $2.35 and $2.50. Tags

United American Corporation Acquisitions

2 Acquisitions

United American Corporation acquired 2 companies. Their latest acquisition was TNW Wireless on June 28, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/28/2017

$99M

Acquired

2

6/28/2017

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$99M

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10

Date

6/28/2017

6/28/2017

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

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