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0.000531537916371388 0.00159461374911404 -0.00106307583274278 0.00141743444365695 0.0028348688873139 -0.0034549964564139 -0.00248051027639973 0.00177179305457125
Stock impact report

Airlines Plunge After United Warns of ‘Essentially Zero’ Demand [Yahoo! Finance News]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
) -- U.S. airlines sank after United Airlines Holdings Inc. said travel demand was “essentially zero,” with no sign of improvement in the near term.United’s dire tone underscored the depth of the crisis for the nation’s carriers despite billions of dollars in assistance from U.S. taxpayers. With the Covid-19 pandemic and government travel restrictions forcing people to stay home, United predicted it would fly fewer people during all of next month than on a single day in May 2019.The airline will further reduce its flight schedule in May to roughly 10% of what it had planned at the start of 2020, and similar cuts are in store for June, said Chief Executive Officer Oscar Munoz and President Scott Kirby. The U.S. rescue package signed into law last month will help airlines pay employees while obliging the companies not to cut jobs through Sept. 30. But in the longer term, United signaled that payroll cuts may be necessary for the company to survive.“The challenging economic outlook means Show less Read more
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