United Airlines cuts flights, freezes hiring on coronavirus-hit demand [Reuters]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Reuters
United Airlines cuts flights, freezes hiring on coronavirus-hit demand CHICAGO (Reuters) - United Airlines Holdings Inc ( UAL.O ) is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand. The steps followed a meeting between U.S. President Donald Trump and the heads of major U.S. airlines including United at the White House on Wednesday, where they discussed the impact of the coronavirus crisis on the industry. In a letter to employees, United said it was reducing U.S. and Canadian flights by 10% and international flying by 20% in the month of April and eyeing similar cuts in May in response to demand. The airline is also freezing hiring, delaying merit-based salary increases and offering employees the option of taking a voluntary unpaid leave of absence in an effort to get ahead of the financial impact of the crisis. Shares of U.S. air
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UAL
Earnings
- 10/15/24 - Beat
UAL
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 144
- 10/21/24 - Form 4
- UAL's page on the SEC website