United Airlines Holdings Inc on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus pandemic jolts travel industries worldwide.
) on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus pandemic jolts travel industries worldwide.
Airlines including United have parked jets and slashed flight schedules as demand has virtually vanished due to the pandemic, forcing them to suspend growth plans and shift their focus to saving cash. United is set to receive $5 billion in payroll aid under the Coronavirus Aid, Relief, and Economic Security Act and will likely decide in the third quarter whether to tap a $4.5 billion loan under the same package.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Airlines And United Report Nearly $4 Billion In Combined LossesThese are the losses that airlines are reporting for the first quarter of 2020: 🛩 American: $2.2 billion 🛩 United: $1.7 billion 🛩 Delta: $534 million 🛩 Southwest: $94 million
Read more »
United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemicUnited Airlines loses $1.7 billion in first quarter as bookings plunged in coronavirus pandemic
Read more »
Octavia Spencer Donates Respiratory Monitors to Hospitals Across the United StatesThe Oscar-winning actress wrote on Instagram that she is donating the monitors 'to provide much needed relief to nurses as they navigate care for COVID-19 patients'
Read more »
American Airlines posts $2.2 billion loss on pandemic, first since bankruptcy exitAmerican Airlines on Thursday posted a $2.2 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a roughly $70 million per day cash burn in the second quarter as the coronavirus pandemic halts travel.
Read more »
United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemicUnited Airlines loses $1.7 billion in first quarter as bookings plunged in coronavirus pandemic
Read more »
Boeing posts quarterly loss of $641 million, burns through $4.3 billion in cashBoeing is set to report first-quarter results before the market opens Wednesday as the company faces a drop in demand because of the coronavirus.
Read more »