$50 billion airline bailout won't be enough [CNNMoney.com]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: CNNMoney.com
$50 billion airline bailout won't be enough to save US industry (CNN) The $50 billion airline bailout passed by the Senate will help keep the airlines alive, but it won't solve the industry's most severe crisis in its history. Only passengers can do that. "We have an airline industry right now that is flying empty planes," said airline consultant Mike Boyd. "This isn't going to save the industry unless we get back in business of flying people." From April through June of last year alone, US airlines' revenue totaled $64.4 billion, according to Transportation Department data. But it is getting only a small fraction of that revenue stream right now. The latest figures from the Transportation Security Administration shows passenger traffic through checkpoints at only 8% of year ago levels as of Thursday. And revenue is off even more than that because fares have also plunged. Bookings for flights in coming weeks and months have also ground to a halt. Read More Airlin
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News
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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