United Airlines said it expects to report a pretax loss of about $2.1 billion for the first quarter as the COVID-19 health crisis has eviscerated global demand for travel
All U.S. airlines are seeking government money to help them weather what they say is the worst crisis in the industry’s history. With few people flying, United said it plans to operate only about 10% of its normal schedule in May and June.
The loan was backed by a controlling interest in Avianca, which has not flown any passenger flights since March 24 as its main Colombia and El Salvador hubs shut down their air spaces. FILE PHOTO: United Airlines passenger jets taxi with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren
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