American Airlines Group Inc and Delta Air Lines Inc said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.
) said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.
U.S. airlines have grounded nearly half of all airplanes, canceled hundreds of thousands of flights and the industry is still burning through billions a dollars a month. But many airlines are adding back flights in July as demand modestly rebounds. Still, American and Delta each said their daily cash burn rate was expected to slow to about $40 million in June. American had previously forecast a $50 million-per-day cash burn.
Chicago-based United’s “Ready-to-Fly” checklist will ask passengers to confirm they have not experienced COVID-19-related symptoms in the 14 days prior to flying and to agree to wearing a face covering.
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