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