Most airlines could be bankrupt by May. Governments will have to help [CNNMoney.com]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: CNNMoney.com
Most airlines could be bankrupt by May. Governments will have to help London (CNN Business) Global aviation is shutting down in response to the coronavirus outbreak and many airlines will need government bailouts within weeks or face bankruptcy. Airlines across the world are grounding planes, laying off workers and scrambling to preserve cash as measures to contain the outbreak prompt flight bans and wipe out global travel demand. According to CAPA Centre for Aviation, a consultancy, most airlines in the world will be bankrupt by the end of May. "Coordinated government and industry action is needed — now — if catastrophe is to be avoided," the firm said in a report published Monday. "Cash reserves are running down quickly as fleets are grounded, and what flights there are operate much less than half full," it added. The scale of the deepening crisis was underscored Monday when Europe's biggest low-cost carrier, Ryanair ( RYAAY ) , said that it will ground mos
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UAL
News
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UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website