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-0.000391381152353012 -0.00109304646152649 0.00137159701139948 -0.00426993311260841 0.000313810113147959 -0.00528188257860235 -0.00291949183917404 -0.00127287023422919
Stock impact report

United Airlines to Receive $5 Billion from Federal Aid Program [The Motley Fool]

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
Company Research Source: The Motley Fool
United Airlines Holdings(NASDAQ:UALsupport passenger airlinesUnder the terms of the agreement, the airline will receive $. billion in grants, and $. billion in a low interest rate loan. It will additionally issue warrants for the federal government to purchase approximately .6 million shares of its common stock. The Payroll Support Program is meant to help the airlines maintain their staff, and United said it will honor the commitment to avoid any involuntary furloughs or salary rate reductions for U.S. employees through Sept. 0, 00.Image source: Getty Images.In its memo to employees, United said the aid would still not completely cover its payroll expenses. Additionally, non-payroll expenses make up 70% of total costs, it said. In a plan to continue cutting costs, the memo said it would be reducing its capacity in May by 90%, and expected to announce a similar schedule for June in the coming weeks.While accepting the federal assistance will force the company to maintain employment an Show less Read more
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