United Airlines (NASDAQ: UAL) cargo revenue shot up 50% in the third quarter to $422 million compared to the same period in 2019, topping the powerful 36% gain it achieved in the previous quarter amid a coronavirus pandemic that has throttled its main passenger business.
The Chicago-based carrier posted an adjusted net loss of $2.4 billion, but said it’s drawing down financial reserves at a lower rate. United’s average daily cash burn was $25 million, which included $4 million of average debt...
https://s29755.pcdn.co/news/50-jump-in-cargo-revenue-helps-united-airlines-slows-q3-cash-burn