United airlines expects to receive $5.0 bln through payroll support program under cares act

United airlines expects to receive $5.0 billion through payroll support program under cares act.united airlines holdings inc - expects to issue warrants to purchase approximately 4.6 million shares of ual common stock to federal government..united airlines holdings inc - of $5.0 billion total united airlines expects to receive, about $3.5 billion will be a direct grant.united airlines holdings inc - funds secured from u.s. treasury department will be used to pay for salaries and benefits of employees.united airlines holdings inc - of $5.0 billion total united airlines expects to receive, approximately $1.5 billion will be a low interest rate loan.united airlines holdings inc - funds will cover a portion of united airline's pay and benefits costs through september 30.
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