United sees around $15-20 million daily cash burn in Q4 if demand bounces


United Airlines expects its daily cash burn rate to slow to between $15 million and $20 million in the fourth quarter, depending on the pace of a recovery in demand, executives said on a conference call on Wednesday. Halting the cash burn, which averaged $40 million in the second quarter, will happen once United reaches a point in which sharp falls in demand and flight capacity have slowed to a roughly 50% decline.

"The second quarter of 2020 was historic for the airline industry for all the wrong reasons. At the beginning.

This article is no longer available in our repository.

There could be multiple reasons for this.