FILE PHOTO: A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. REUTERS/Matthew Childs
April 16, 2020
(Reuters) – United Airlines Holdings Inc <UAL.O> told employees on Wednesday that it has cut its flight schedule by 90% in May and possibly June, and to prepare for a smaller airline and workforce starting as early as Oct. 1.
In a memo, Chief Executive Oscar Munoz and President Scott Kirby said travel demand “is essentially zero and shows no sign of improving in the near-term” and warned that “the challenging economic outlook means we have some tough decisions ahead.”
(Reporting by Tracy Rucinski; Editing by Sandra Maler)
