Why United Airlines Stock Is Losing Altitude on Monday

Why United Airlines Stock Is Losing Altitude on Monday
Lou Whiteman, The Motley Fool
·2 min read

Shares of United Airlines Holdings (NASDAQ: UAL) traded down more than 5% on Monday after the airline announced plans to raise $9 billion in fresh debt. United in a regulatory filing said it would raise $9 billion in loans and bonds, with the proceeds going in part to pay off $520 million borrowed from the government last year. In borrowing to pay off the government loan, United is following a course charted by American Airlines Group last month.