Why United Airlines Stock Is Losing Altitude on Monday

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

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.