In what year did United Airlines experience a similar capacity reduction as mentioned in the text?
United Airlines Is Reducing Its Capacity By 40%
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The video discusses the significant decline in travel due to the coronavirus, with United Airlines reducing capacity more than after 9/11. President Trump announced travel restrictions affecting foreign nationals from certain European countries. United Airlines responded by borrowing $2 billion, freezing hiring, and offering unpaid leave. The US Travel Association estimates the restrictions will cost the industry billions and affect 850,000 international visitors.
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What financial measures did United Airlines take to cope with the travel decline?
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