United cuts May flights by 90%, tells employees to brace for job cuts [Yahoo! Finance News]
United Airlines Holdings, Inc. (UAL)
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Source: Yahoo! Finance News
A United Airlines passenger jet taxis at Newark Liberty International AirportBy Tracy Rucinski) - United Airlines Holdings Inc said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result of the coronavirus pandemic, and warned that travel demand that is now "essentially at zero shows no sign of improving in the near term," making job cuts likely.United disclosed its outlook in a memo to employees that it publicly released. The memo was from Chief Executive Oscar Munoz and President Scott Kirby.Like other U.S. airlines, travel demand for Chicago-based United has cratered as most U.S. states have ordered residents to stay at home in order to contain spread of the coronavirus.United said it flew less than 200,000 people in the first two weeks of April, a 97% drop from the more than 6 million people it flew during the same time in 2019. It expects to fly fewer people during the entire month of May than it did on a single day in May of
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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