United Confronts Corona With $1B Stock Sale
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."
United Posts $2.1B Loss, Expects Worse Ahead
With demand collapsing since the second half of March due to the coronavirus, "the worst is still to come" for United.
Could Warren Buffett Bailout The Airlines?
At the moment, Buffett and Berkshire Hathaway are losing money quickly on the airlines
Airlines Seek Sweeping Bailout
If it happens, the request for loans, grants, and tax relief may come with strings attached.
United Airlines Profit Rises 54% to $1.05 Billion
“Strong domestic demand for flights and fuel prices that are 5% lower than a year ago are driving industry profits."
Judge Sides With United in Expedia Contract Case
Expedia failed in its bid to maintain access to data for United flights scheduled after the companies' ticketing agreement expires.
CFOs on the Move: Week Ending Aug. 24
United Airlines, Hertz, Uber, Lowe's, Coty, 99 Cents Only Stores, Superior Group, IAP Worldwide, Dorman Products, Parexel
CFOs on the Move: Week Ending May 25
United Airlines, Web.com, W.R. Grace, Tenneco, Vitamin Shoppe, American Homes 4 Rent, Texas Roadhouse, Molina Healthcare, Rogers, Macy's
United Airlines CFO Quits After 2 Years on Job
The sudden departure of Andrew Levy "may reveal serious conflict" in top management of the third-largest U.S. airline.
United Profit Falls 52% But Beats Estimates
The airline also reported that unit revenue outperformed its initial guidance, another indication that the industry's revenue outlook is improving.
Airline Stocks Rise on Unit Revenue Guidance
Both American and United Airlines boost their expectations for fourth-quarter unit revenue, sending their shares up more than 3%.