United Airlines unveils plan to protect tax assets

United Airlines unveils plan to protect tax assets

© Reuters. United Airlines passenger jets taxi with New York City as a backdrop © Reuters. United Airlines passenger jets taxi with New York City as a backdrop

(Reuters) – United Airlines Holdings (NASDAQ:UAL) Inc said on Friday it had adopted a tax benefits preservation plan to protect the company's ability to use its large net operating loss carryforwards to reduce future federal income tax expense.

The company said it had net federal operating loss carryforwards of about $8.2 billion as of the Sept. 30.

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