United Airlines posts $2.1 billion pretax loss as coronavirus roiled business, seeks more federal aid

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

United Airlines posts $2.1 billion loss amid coronavirus, seeks more government aid

A United Airlines Holdings Inc. employee waits for a traveler at San Francisco International Airport in San Francisco, California, U.S., on Thursday, April 2, 2020.on Monday reported a $2.1 billion loss for first quarter as the coronavirus pandemic drove travel demand down to the lowest level in decades.

The Chicago-based airline said has applied for up to $4.5 billion in government loans on top of about $5 billion federal payroll grants and loans it also expects to receive to weather the crisis. United is the first major U.S. airline to detail the results of the virus on its results in the first three months of the year. The disease and harsh measures to stop it from spreading such as stay-at-home orders has ravaged air travel demand and and prompted carriers to slash most of their flights.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The cry for help never ends

Corporations are people, people are left to die, so should corporations who didn't prepare.

Fuck them! Let them fail!

They should live within their means, pull themselves up by their bootstraps.

Piggies at the trough.

Normally this is bad, but it IS United so...

Gonna be a no (bailout) from me.

No!

Seeking more aid? That will be a $200 charge fee

I can't even get a small business loan bc they already out of money.. This is like hearing a very rich company cry when the small businesses are hurting but only thing getting attention is this.

Buh bye 🤣

More!?!?

Hey establishments go out of business everyday. Maybe it’s time for a smaller airline to take its place.

More more give me more $$$$

airlines are set to continue cutting more capacity in May.

They need to be criminally investigated for manslaughter/murder in their involvement in continuing operations during Wuhan plague

Let them go under

Let it sink

Canada Canada Latest News, Canada Canada Headlines