Originally Posted by
MiLa
yes after October 1 the cash burn will go up because UAL will have to cover payroll expenses again which isn’t part of the current cash burn. It was stated by BQ during a townhall.
2 Cash burn is defined as: Net cash from operations, less investing and financing activities. Proceeds from the issuance of new debt (excluding expected aircraft financing), government grants associated with the Payroll Support Program of the CARES Act, issuance of new stock, net proceeds from sale of short-term and other investments and changes in restricted cash balances are not included in this figure.
It looks like PSP money was not included in the cash burn according to the ir.