UPDATE 1-U.S. airlines face grim winter, with or without a bailout [Reuters]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Reuters
By Tracy Rucinski , David Shepardson 4 Min Read (Adds no Senate action until Monday) CHICAGO/WASHINGTON, Oct 1 (Reuters) - U.S. airlines face a winter test of their finances and question marks over the reach of their domestic flight networks after failing, for now, to win fresh federal aid. American Airlines and United Airlines began laying off 32,000 workers after a deadline passed with no new help from Washington, but told staff they would reverse this if lawmakers reach a deal on COVID-19 relief. Late Thursday, the U.S. Senate adjourned until Monday evening, suggesting no action on any airline assistance was near. U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for 50 minutes Thursday afternoon but “distance on key areas remain,” a spokesman for Pelosi said. White House spokeswoman Kayleigh McEnany on Thursday urged Congress to quickly pass standalone legislation to aid airlines. U.S. airlines are collectively burning about $5 billion of cash a month as
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UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website