United Airlines Seeks More Federal Aid Following $2.1 Billion Q1 Loss

United Airlines Seeks More Federal Aid Following $2.1 Billion Q1 Loss

Assessment

Interactive Video

Business, Journalism, Social Studies

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

United Airlines is experiencing its largest deficit since 2008 due to the pandemic, leading to a significant drop in revenue and stock value. The airline has applied for additional government support and faces a substantial decrease in passenger numbers. Despite these challenges, United is committed to transparency and ensuring job security for its employees, thanks to government bailouts. However, the travel industry is expected to face a long recovery period.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial challenge did United Airlines face during the pandemic?

Increased profits

Largest deficit since 2008

Stable revenue

Reduced government support

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much additional government support did United Airlines apply for?

$3.5 billion

$6 billion

$4.5 billion

$2 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much did United Airlines' revenue drop compared to the previous year?

30%

10%

17%

25%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the passenger count for United Airlines in the first two weeks of the month compared to the previous year?

1 million vs 6 million

200,000 vs 6 million

500,000 vs 3 million

200,000 vs 1 million

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the condition for airlines receiving government bailouts regarding employee positions?

They must increase salaries

They can eliminate positions after receiving funds

They must maintain positions until October

They can cut salaries immediately