{"id":364236,"date":"2020-07-23T10:44:35","date_gmt":"2020-07-23T05:14:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364236"},"modified":"2020-07-23T11:08:33","modified_gmt":"2020-07-23T05:38:33","slug":"united-airlines-improves-cash-burn-after-matching-flying-to-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/united-airlines-improves-cash-burn-after-matching-flying-to-demand\/","title":{"rendered":"United Airlines improves cash burn after matching flying to demand"},"content":{"rendered":"<p>United Airlines Holdings Inc said on Tuesday it burned through about $40 million per day in the second quarter but sees that amount slowing to roughly $25 million in the third quarter as it matches its flight schedule to coronavirus-hit demand.<\/p>\n<p>US airlines are scrambling to adjust operations to hard-to-predict travel demand as Covid-19 infections surge, forcing some US states to scale back reopening plans and reinstate quarantines.<\/p>\n<p>Chicago-based United reported an adjusted net loss of $2.6 billion for the June quarter, or a $9.31 per-share loss, versus a $4.21 per-share profit a year ago, as revenue dropped 87 percent to $1.475 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Airlines Holdings Inc said on Tuesday it burned through about $40 million per day in the second quarter but sees that amount slowing to roughly $25 million in the third quarter as it matches its flight schedule to coronavirus-hit demand. US airlines are scrambling to adjust operations to hard-to-predict travel demand as Covid-19 infections surge, forcing some US states to scale back reopening plans and reinstate quarantines. Chicago-based United reported an adjusted net loss of $2.6 billion for the June quarter, or a $9.31 per-share loss, versus a $4.21 per-share profit a year ago, as revenue dropped 87 percent [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-364236","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=364236"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364236\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}