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United Airlines shares have lost about two-thirds of their value today. And analysts say if the company files for bankruptcy protection as is widely expected, those shares may become worthless.
The airline has been rebuffed in its effort to win one-point-eight (b) billion dollars in federal loan guarantees.
C-E-O Glenn Tilton emerged from a meeting with leaders of the
pilots' union, that holds the largest single stake in the carrier.
He declined to say whether United will file for bankruptcy but said
it is not inevitable.
United shares were trading for a dollar, five cents, down more
than two dollars.