United Airlines Director Sells $5.25 Million in Holdings as Travel Plummets
- Company may furlough as many as one-third of its 12,000 pilots
- U.S. carriers are missing out on global recovery in air travel
United Airlines Holdings airplanes stand past an empty waiting area at Newark International Airport on June 9.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
A director of United Airlines Holdings Inc. liquidated all of his directly owned shares in the company as the carrier struggles with a devastating decline in travel because of the Covid-19 pandemic.
United is considering furloughs for as many as one-third of its nearly 12,000 pilots, an executive warned on July 30.