United Airlines loses $1.6 billion in 'most difficult financial quarter' in its history


United Airlines announced on Tuesday that it lost $1.6 billion in its second quarter, an 87 percent drop from a year earlier, due to the coronavirus pandemic limiting travel.
The airline said this was "the most difficult financial quarter in its 94-year history." For the same quarter in 2019, United posted a $1.05 billion profit.
To cut costs, United will fly 35 percent of its normal schedule through September. It is also bracing for mass layoffs, recently saying that unless there is more demand for travel, the company might have to cut half of its domestic workforce. About 6,000 employees have accepted voluntary buyout packages.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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