Losses of United Airlines due to the coronavirus epidemic

American airline United Airlines lost about $2.1 billion in the first quarter of 2020 due to the COVID-19 pandemic. This was reported by the agency Reuters on Monday.

Almost half of this amount (about $1 billion) the company lost on investment in the Colombian Avianca Holdings. Avianica has not operated passenger flights since March 24 and is in deep crisis. 50% of its employees have been laid off.

United Airlines expects about $5 billion in aid from the U.S. government and a separate $4.5 billion loan from the Federal Treasury.

On March 19, U.S. air carriers asked the federal government for immediate support in organizing transportation amid growing losses due to the coronavirus epidemic. This was announced by Airlines for America (A4A) in an official statement.

On April 10, experts said that airlines would need at least three years to overcome the crisis caused by the coronavirus epidemic.