Originally Posted by
beefburrito
A few hundred million is about 3 days of operating expenses. They now have about 9 billion in cash which covers about 3 months of operating expenses.
3 months operating expenses is nothing when revenue is practically zero. A bunch of that cash is in the form of loans which have to be paid back with interest. You also don’t go into bankruptcy broke, it takes money to play that game. United is being criticized for making aggressive cuts in workers hours, downgrading positions, and preparing now for a smaller company this fall. As a result, our cash burn is about half of what AA and DAL.