United And American Airlines Report Billions In Losses In Q1

The transcript discusses the significant financial losses faced by major airlines in the first quarter of 2020 due to the COVID-19 pandemic. American Airlines and United Airlines reported substantial losses, with their CEOs highlighting the unprecedented challenges faced by the industry. Airlines are seeking financial support through private credit markets and government loans. United Airlines emphasizes making tough decisions for long-term success. Delta and Southwest also reported losses, reflecting the widespread impact on the travel industry.

Which airline reported the highest financial loss in the first quarter?

• Delta Airlines

• Southwest Airlines

• American Airlines

• United Airlines

What percentage did air travel in the US decrease by in April?

• 80%

• 95%

• 90%

• 85%

What measures are airlines taking to manage financial damage?

• Increasing ticket prices

• Raising money from private credit markets

• Hiring more staff

• Expanding flight routes

Which airline reported a loss of $534 million?

• Southwest Airlines

• American Airlines

• United Airlines

• Delta Airlines

Who is the reporter mentioned at the end of the transcript?

• Caitlin Baldwin

• Doug Parker

• Gary Kelly

• Oscar Munoz