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Articles in topic third

United warns 36,000 employees they may be furloughed this fall

United Airlines is warning nearly half of its frontline workforce that they could be furloughed this Fall. The world's third-largest airline says 36,000 workers — including 15,000 flight attendants, 11,000 customer service and gate agents, 5,550 maintenance employees and 2,250 pilots — will receive layoff notices.

[ cnn.com ]

Home sales plunged again in May

Sales of existing homes dropped again in May, marking the third month in a row of declines since the coronavirus outbreak, according to the National Association of Realtors.

[ cnn.com ]

United Airlines secures $5 billion loan backed by loyalty program

United Airlines said on Monday it is securing a $5 billion loan backed by its MileagePlus loyalty program, bringing potential total liquidity to $17 billion, an amount that senior executives said would be enough to carry it through a potential second or third wave of the new coronavirus that could hit the aviation industry.

[ reuters.com ] businessNews,
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