United Airlines Holdings Inc.’s stock rose in premarket trading on Thursday after the carrier said it plans to resume non-stop flights from Newark to Tel Aviv next month, after flights were halted since October.
United
UAL,
said it reached the decision after conducting a “detailed safety analysis,” which included security experts, as well as public officials in Israel and the U.S.
The carrier said it plans to resume daily nonstop service from Newark to Tel Aviv starting on March 6. It will begin indirect flights from Newark to Tel Aviv with a stop in Munich on March 2 and 4.
United’s stock rose by 0.7%. The stock is up by 6.8% so far in 2024, compared to a 4.4% rise by the S&P 500
SPX.
“We’re eager to resume a second daily Tel Aviv flight from Newark as soon as May as travel demand recovers,” the airline said.
The airline will evaluate routes to Israel from San Francisco, Washington Dulles and Chicago O’Hare for potential resumption starting in the fall.
United said it “worked closely” with its pilot and flight-attendant unions “to develop the protocols to ensure they are safe and well-informed.”
Flights by United, American Airlines
AAL,
and Delta
DAL,
were suspended after the Oct. 7 attack by Hamas that killed more than 1,000 people. Hamas also took hundreds of hostages, including about 130 who remain with the terrorist group.
Hamas had claimed they were targeting Ben Gurion Airport with rockets.
Israel’s military has since moved into Gaza, where fighting continues.
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