United Airlines executives told employees that “even when travel demand starts to inch back, it likely will not bounce back quickly” in a letter posted Wednesday that details the status of the company amid the coronavirus pandemic.
“The challenge that lies ahead for United is bigger than any we have faced in our proud 94-year history,” Oscar Munoz, CEO, and J. Scott Kirby, president, wrote to the Chicago-based airline’s nearly 100,000 employees.
United is receiving about $5 billion from the federal government, the executives wrote, thanks to the payroll support program under the CARES Act, and “we’re keeping our promise that there will be no involuntary furloughs or pay rate cuts for U.S. employees before Sept. 30.”