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

819

The Chicago-based airlines recently reported a $2.1 billion loss in the first three months of 2020, demonstrating the severe impact of the recent pandemic on travel demand. They have applied for $5 billion in federal payroll grants and loans as well as $4.5 billion in government loans. United Airlines revenue was reported to decrease by 17% since last year and the situation is not likely to improve in the near future. Due to the current stay-home measures being put into place, it is unlikely that consumers are returning anytime soon to traveling.

To read the full article by Leslie Josephs from CNBC, click here.

Comments are closed.

Skip to toolbar