UAL q2 numbers
The most challenging quarter in the companies 94-year history as they put it in their results release.
> Net loss of $1.6 billion, and an adjusted net loss of $2.6 billion.
> Total operating revenues were down 87.1% year-over-year, on an 87.8 percent decrease in capacity year-over-year.
> Total liquidity approximately $15.2 billion.
> Cash burn during the second quarter averaged $40 mil/day
United net loss: 1.6B
Delta net loss: 2.8B
United pretax loss: 2.6B
Delta pretax loss: 3.9B
Seems initially they had a better quarter. More revenue and similar cash burn.
sure wish we would start running an airline again