Airline

United secures an additional $5 billion against its loyalty programme 

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United secures an additional $5 billion against its loyalty programme 

United Airlines has secured an additional $5 billion in a transaction backed against its MileagePlus loyalty programme, which when added to its previously announced credit facilities and CARES Act cash, brings its expected liquidity for the end of Q3 to  $17 billion. The breaks down to an undrawn...

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