Ticker: Trump Media stock falls more than 21% after company discloses $58 million loss for 2023; United Airlines is asking pilots to take time off in May because of a shortage of new Boeing planes
Less than a week after a flashy stock market debut, Donald Trump’s social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a stark decline compared with the profit of $50.5 million that the former president’s company reported for 2022, according to a company filing with securities regulators.
Revenue for Trump Media came in at $4.1 million in 2023, the SEC filing shows, although that’s up from $1.5 million in 2022.
United Airlines is asking pilots to take time off in May because of a shortage of new Boeing planes
United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems.
A United spokesperson said Monday that the offer is voluntary.
“Due to the recent delays in Boeing deliveries, our forecasted (flight hours) have been reduced and we are offering our pilots voluntary programs for the month of May to reduce excess staffing,” spokesperson Leslie Scott said.
In a note to pilots obtained by The Associated Press, United said it expects to make similar requests during the summer and possibly into the fall.