Last month, United said it reached an agreement with the Treasury Department for about $5 billion in payroll support under the CARES Act.
"Travel demand is essentially zero – you see that at our airports and on board our aircraft – and we don't know when it's going to come back," United's chief operations officer, Greg Hart, said last Friday in a staff note, seen by CNBC.
Bailing out big airlines makes NO SENSE to taxpayers. Take the airlines - $25 per bag, fuel charges, etc and take make MILLIONS in profits. They should have put some aside. Or merged. I've never used United but they had net $2 Billion!
This Recovery is looking like it’s going to be an L shaped. 😢🇺🇸
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