United Airlines sees $2.1 billion loss as coronavirus hits LatAm growth hopes, seeks more federal aid [Reuters]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Reuters
United Airlines sees first-quarter $2.1 billion pretax loss as coronavirus hits LatAm investments (Reuters) - United Airlines ( UAL.O ) said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop in travel demand from the coronavirus outbreak which has weighed on its investments in Latin America. The loss includes just over $1 billion in special charges, mainly reflecting a reserve on a loan United made in connection with an investment in Colombia’s Avianca Holdings AVT_p.CN as part of its plans for a larger tie-up in Latin America. The loan was backed by a controlling interest in Avianca, which has not flown any passenger flights since March 24 as its main Colombia and El Salvador hubs shut down their air spaces. Avianca has furloughed half of its staff with no pay and has not publicly disclosed when it expects to fly again as governments in Latin America repeatedly extend quarantines. United also wrote down the value of
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News
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UAL
Earnings
- 1/20/26 - Beat
UAL
Sec Filings
- 4/7/26 - Form ARS
- 4/7/26 - Form DEFA14A
- 4/7/26 - Form DEF
- UAL's page on the SEC website