United Airlines (NASDAQ: UAL) slipped to a loss in the first quarter of 2020 from a profit last year due to the impact of the COVID-19 pandemic. The company also outlined U.S. airline industry-leading efforts to manage through the most disruptive global crisis in the history of aviation.
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The company currently expects daily cash burn to average between $40 million and $45 million during the second quarter of 2020. United Airlines lowered planned full-year adjusted capital expenditures by about $2.5 billion, bringing expected full-year adjusted capital expenditures to below $4.5 billion.
