UNITED
UNITED posted $1.6b net loss for 2Q20 (vs $1.1b net profit in 1Q19) on 87.1% lower revenues. It has $15.2b total liquidity, which is expected to increase to >$18b by end 3Q20; it is forecasting average daily cash burn of approximately $25m in 3Q20.
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Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.