The secondary offering “is a highly unusual move for an established company that is losing buckets of money and reporting steep declines in its revenue."
With demand collapsing since the second half of March due to the coronavirus, "the worst is still to come" for United.
At the moment, Buffett and Berkshire Hathaway are losing money quickly on the airlines
If it happens, the request for loans, grants, and tax relief may come with strings attached.
“Strong domestic demand for flights and fuel prices that are 5% lower than a year ago are driving industry profits."
Expedia failed in its bid to maintain access to data for United flights scheduled after the companies' ticketing agreement expires.
United Airlines, Hertz, Uber, Lowe's, Coty, 99 Cents Only Stores, Superior Group, IAP Worldwide, Dorman Products, Parexel
United Airlines, Web.com, W.R. Grace, Tenneco, Vitamin Shoppe, American Homes 4 Rent, Texas Roadhouse, Molina Healthcare, Rogers, Macy's
The sudden departure of Andrew Levy "may reveal serious conflict" in top management of the third-largest U.S. airline.
The airline also reported that unit revenue outperformed its initial guidance, another indication that the industry's revenue outlook is improving.
Both American and United Airlines boost their expectations for fourth-quarter unit revenue, sending their shares up more than 3%.
The FAA's move to lift restrictions on takeoffs and landings at the airport has made United's slots worthless.
