United Airlines warned of an estimated $2.1 billion pre-tax loss in the 2020 first quarter (Q1) and said it plans to seek up to $4.5 billion in additional loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Senior executives at United Airlines are planning for substantial workforce reductions once the federal prohibition on layoffs attached to payroll support under the Coronavirus Aid, Relief, and Economic Security (CARES) Act expires this autumn.
The U.S. Transportation Department (DOT) has put airlines on notice that customers must be “refunded promptly” for all flights canceled due to the COVID-19 pandemic.
Deep schedule cuts at partner United Airlines have forced U.S. regional carrier Trans States to speed up its planned cessation to Apr. 1, the airline’s top executive told employees.
U.S. airlines stripped their international schedules to skeletal levels over the weekend, parking their widebody fleets and signaling difficult decisions ahead over reining in labor costs.
United Airlines is operating under planning assumptions that president Scott Kirby called “much more severe than anything we’ve seen anyone else publish.”
United Airlines is leaving nothing to chance over the potential impact of COVID-19, operating under planning assumptions that United president Scott Kirby called “much more severe than anything we’ve seen anyone else publish.”
United Airlines became the first U.S. airline to cut domestic capacity as a result of the COVID-19 outbreak, signaling that domestic demand in the North American market is showing signs of pressure from the spreading novel coronavirus.
As COVID-19 coronavirus spreads globally, the number of international departure seats from China is set to drop by more than 5.5 million in March 2020 as airlines across the world continue suspending service.