United Airlines Holdings Inc. (NASDAQ: UAL) executives and union leaders late Friday warned furloughs will begin soon unless the federal government enacts an emergency aid package for the airline industry and urged workers to tell their representatives to support the measure.Meanwhile, Delta Air Lines said it projects a $10 billion reduction in revenue for the second quarter, down 80% from the same period last year.In a regulatory filing, Atlanta-based Delta said it has secured a $2.6 billion loan from JPMorgan Chase & Co. (NYSE: JPM), and has already drawn $2.3 billion of it. It has also borrowed $3 billion under …read more
Source:: Yahoo Finance
