United Airlines Holdings plans to offer 25,322,567 shares of unsold common stock, it announced in a November 23 stock exchange filing. At current prices, this would boost its cash reserves by raising just over USD1 billion in fresh equity.

The decision to offer shares is a controversial one for investors as it dilutes those held by existing holders, but airlines continue to struggle as they try to ride out the pandemic until a vaccine arrives.

United Airlines (UA, Chicago O’Hare) revealed on…

Source: ch aviation
Read more: United Airlines to offer 25.3mn shares to raise bn