United Airlines

NPR'S Jim Zarroli reports the nation's second largest airline, United, is one step closer to bankruptcy today after federal officials turned down its request for loan guarantees. The Air Transportation Stabilization Board last night said United wasn't eligible for federal aid, saying its business plan was not financially sound. Today United's chairman said the company is exploring new financing options. But many in the industry say a bankruptcy filing is now almost inevitable.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.