“We’re ready to turn the page on seven months that have been dedicated to developing and implementing extraordinary and often painful measures, like furloughing 13,000 team members, to survive the worst financial crisis in aviation history,” said United CEO Scott Kirby. Chicago-based United said its daily cash burn slowed to an average $25 million in the quarter ended September from $40 million in the second quarter, and included $4 million per day in severance and debt payments. United furloughed thousands of employees this month as a second round of payroll relief from Washington has so far failed to materialize, but …read more
Source:: Yahoo Finance
