U.S. airlines see recovery signs, United expects to end cash burn in March

By Tracy Rucinski and Sanjana Shivdas (Reuters) – U.S. airlines on Monday pointed to concrete signs of an industry recovery as a slowing COVID-19 pandemic helps leisure bookings, and United Airlines said it expects to halt its cash burn in March, sooner than forecast. “I do think we’re near the end of the virtual world,” United Chief Executive Scott Kirby said at a J.P. Morgan conference. In January, United said an average daily core cash burn of $19 million in the fourth quarter would likely continue in the beginning of 2021, with improvements dependent on a recovery in demand. Now it expects…

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