US airlines see recovery signs, United expects to end cash burn in March
US airlines pointed on Monday to concrete signs of an industry recovery as a slowing COVID-19 pandemic helps leisure bookings, and United Airlines said it expects to halt its cash burn in March.
“I do think we’re near the end of the virtual world,” United Chief Executive Scott Kirby said at a J.P. Morgan conference.
Kirby said he expects core cash burn to be positive in March. That is expected to continue after March, assuming the current bookings trajectory remains in place, he said.
