United Warns of Weakening Demand and Layoffs

Recent improvements in airline booking trends are flatlining, according to United Airlines Holdings (NASDAQ: UAL), and that means layoffs are likely in the months to come. United, for example, is adding nearly 25,000 flights for August in response to growing demand. United and other airlines are prohibited from doing layoffs through Sept. 30 as a condition for receiving government assistance via the CARES Act, but with demand questionable in the months to come, United warned employees that layoffs or furloughs are growing more likely.