United to Put Up Frequent-Flier Program for Loan

United Airlines will mortgage its frequent-flier program to secure a $5 billion loan from three banks as it seeks to build a cash cushion to see it through the coronavirus pandemic.

United to Put Up Frequent-Flier Program for Loan
United Airlines will mortgage its frequent-flier program to secure a $5 billion loan from three banks as it seeks to build a cash cushion to see it through the coronavirus pandemic.