United Airlines planes at Newark Liberty International Airport
Leslie Josephs | CNBC
United Airlines warned that it expects a lengthy slump in travel demand because of coronavirus, which will likely require the carrier to have a smaller workforce.
The comments came after President Donald Trump signed $2 trillion government coronavirus relief package that included billions in grants for airlines to keep paying workers through the end of September.
“Based on how doctors expect the virus to spread and how economists expect the global economy to react, we expect demand to remain suppressed for months after that, possibly into next year,” CEO Oscar Munoz and United’s president, Scott Kirby, who’s scheduled to take the helm next month, wrote in a message to employees. “That means being honest, fair and upfront with you: if the recovery is as slow as we fear, it means our airline and our workforce will have to be smaller than it is today.”
The message was the latest in a series from…