United Airlines stock price soars after cutting 2,850 pilot jobs

Shares of United Airlines (NASDAQ: UAL) gained around 2% after the carrier announced the biggest pilot job cut in history as it moves forward with plans to sack 2,850 pilot jobs in October and November.  Fundamental analysis: Pandemic consequences On Thursday, United Airlines announced it will cut 2,850 pilot jobs this year, 21% of its total pilot staff, making it the biggest pilot furlough in history. The airline has requested an additional $25 billion from the U.S. government to help cover the staff wages through March, after experiencing a devastating blow from the coronavirus crisis.  The first tranche which prevents