Dec 05 United Loses Loan Guarantee Bid, Faces Bankruptcy By Admin United Airlines' stock fell by two-thirds and its credit rating was downgraded Thursday as the company faced bankruptcy after losing a bid for a government-backed loan guarantee. Continue reading
Sep 19 American, United Airlines Each Lay Off at Least 20,000 Employees Layoffs of tens of thousands of employees at American and United Airlines, which come in response to slow traffic after last week's hijackings, are the latest blow to the crippled aviation industry. Continue reading