In the big post 9/11 airline bailouts, United actually got turned down for the bailout money they requested, because their request was judged to be an attempt to get a leg up on the competition and not a necessity of the post-9/11 word, and because their recovery plan for how they were going to use that bailout money was ruled financially unsound. With amazing disingenuous-ness, United boasts of having not received government funds like everyone else did (never mind that Wikileaks proved they were being subsidized by the government even before 9/11).
They only survived by declaring bankruptcy, and by saving money with tactics such as cutting retiree's pensions by up to 50% and systematically lying to customers about cancelled or delayed flights so that they would rebook with United and not with any other carrier. A few years later their CEO got a 40% raise. A couple of years after that, he resigned amidst corruption, and a got a $37 million pension and free flights.
Last edited: Apr 13, 2017