June 15 (UPI) -- United Airlines said Monday it expects to have nearly $20 billion in liquidity by the end of the third quarter, to clamp down mass spending periods that were brought on by the COVID-19 crisis.
The airline said it plans to use its frequent flyer MileagePlus program to secure a $5 billion loan. United also expects to borrow $4.5 billion from the Coronavirus Aid, Relief, and Economic Security Act loan program.