United Airlines planes sit parked on a runway at Denver International Airport as the coronavirus pandemic slows air travel on April 22,2020 in Denver, Colorado.
NEW YORK: United Airlines Holdings Inc raised US$1bil by selling new shares, stepping up efforts to increase capital to survive a collapse in travel demand.
The company sold 39.25 million shares at US$26.50 apiece, with an option for underwriters to buy an extra 10%, United said in a statement Tuesday.
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