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Stock impact report

United cuts May schedule by 90%, tells employees to brace for job cuts: memo [Reuters]

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: Reuters
United cuts May schedule by 90%, tells employees to brace for job cuts: memo (Reuters) - United Airlines Holdings Inc ( UAL.O ) told employees on Wednesday that it has cut its flight schedule by 90% in May and possibly June, and to prepare for a smaller airline and workforce starting as early as Oct. 1. In a memo, Chief Executive Oscar Munoz and President Scott Kirby said travel demand “is essentially zero and shows no sign of improving in the near-term” and warned that “the challenging economic outlook means we have some tough decisions ahead.” Show less Read more
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