United Still Working to Slow Cash Burn, Announces $1.6 Billion Loss
United Airlines (NASDAQ: UAL) reported a $1.6 billion loss in its second quarter, with operating revenue down 87.1% due to operating capacity having decreased 87.8% compared with 2019. It expects flight schedule capacity in the third quarter to be about 35% of what it was in the third quarter of 2019. That's in line with a previous announcement that it would be at 30% capacity in July and would be adding flights for August to get to 40% of August 2019 levels.
Source Fool.com
