United Airlines Expects $2.1 Billion Loss, Seeks More U.S. Aid [TheStreet.com]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: TheStreet.com
United Airlines(UALGet ReportA year earlier, United posted a profit of $367 million.United also announced plans to borrow up to $4.5 billion under the Coronavirus Air, Relief and Economic Security (CARES) Act.The company said total revenue declined 17% year over year in the first quarter to $8 billion, though the results are preliminary and the final results for the first quarter may change.As of April 16, United has $6.3 billion in cash and cash equivalents, including $2 billion under its undrawn revolving credit facility.United has borrowed an aggregate of $2.75 billion under new secured loan facilities which must be repaid, in a single installment, 12 months from its borrowing date.The company's 8-K filing also stated that United took a $50 million impairment charge for its China routes due to the suspension of flights to the country.United last week said that it expects to receive $5 billion through the Payroll Support Program under the CARES Act.Of that total, about $3.5 billion
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UAL
Earnings
- 10/15/25 - Beat
UAL
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 144
- 10/16/25 - Form 10-Q
- UAL's page on the SEC website