US Treasury receives $556.7 million from auction of airline warrants [Yahoo! Finance]
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United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Yahoo! Finance
to sell warrants in 11 major U.S. airlines the government received in exchange for COVID-19 assistance. The proceeds are a fraction of the total assistance awarded to airlines. Congress approved $54 billion in COVID-19 air carrier bailouts in 2020 and 2021. Airlines were required to repay $14 billion of that total and Treasury received warrants to purchase stock at the share price of the time of the awards. The warrants expire between April 2025 and June 2026. Treasury had set revised minimum prices for the warrants of $458 million in total. A Treasury spokesperson said the government plans to publicly announce the individual auction sale prices later this summer. American Airlines received $12.6 billion in government assistance, followed by Delta $11.9 billion, United Airlines $10.9 billion, and Southwest at $7.2 billion. Seven other airlines received smaller awards, including $2.2 billion for Alaska Airlines. Treasury set reserve prices of $221 million for its Delta wa
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UAL
News
- United to Hold Webcast of Second-Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- United to Hold Webcast of Second-Quarter 2024 Financial ResultsPR Newswire
- The desperate hours: a pro baseball pitcher's fentanyl overdose [Los Angeles Times (CA)]Los Angeles Times
- How Chase Ultimate Rewards Points Saved My Family Trip To Machu Picchu [Forbes]Forbes
- Luxury air travel is on the rise. Experts say you don't have to be rich to experience it. [Business Insider]Business Insider
UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 5/31/24 - Form S-8
- 5/29/24 - Form 8-K
- 5/28/24 - Form 4
- UAL's page on the SEC website