United Airlines posts quarterly loss, shores up $9.6 billion in liquidity

Credit: REUTERS/Chris Helgren

April 30 (Reuters) - United Airlines Holdings Inc UAL.O on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus pandemic jolts travel industries worldwide.

Chicago-based United said it had $9.6 billion in liquidity as of April 29 and that its cash burn would range between $40 million and $45 million per day in the second quarter.

The net loss to March 31 compares with a $292 million profit a year earlier. On an adjusted net basis, United's net loss was $639 million.

(Reporting by Tracy Rucinski in Chicago Editing by Matthew Lewis)

((; 1-312-408-8575; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.