United Airlines posts $2.1 billion loss on coronavirus hit, seeks more federal aid

Earnings

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.

David Paul Morris | Bloomberg | Getty Images

United Airlines 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.

This is breaking news. Check back for updates.

Articles You May Like

Why McDonald’s is following Walmart and Amazon into the advertising business
Coca-Cola hires Rob Gehring from Monster Energy to run its North American operations
Trump’s municipal bond portfolio reaches as much as $1 billion as policy overlaps mount
Student loan borrowers sue Trump administration over forgiven debts on credit reports
Ex-Disney CEO Bob Chapek says he raised concerns with the board ‘weekly’ during Iger power battle

Leave a Reply

Your email address will not be published. Required fields are marked *