ITYT Travel Forums  

Go Back   ITYT Travel Forums > Travel Companies & Programs > Airlines & Frequent Flier Programs > United Airlines (UA)
Click Here to Login

Thread Tools Search this Thread
Old 06-12-2002, 02:11 PM   #1
Senior Member
ITYT Captain
Join Date: Sep 2001
Location: IAH/HOU
Posts: 2,354
UAL CEO Sees Cash Burn Rate 'Significantly' Better In Q2

UAL CEO Sees Cash Burn Rate 'Significantly' Better In 2nd Quarter

WASHINGTON -(Dow Jones)- UAL Corp. (NYSE: UAL - News) expects that its second-quarter cash burn rate will be "significantly" better than the $5 million-a-day burn rate it reported for the first quarter.

According to an 8-K filed Wednesday with the Securities and Exchange Commission, Chairman and Chief Executive John W. Creighton Jr. will provide this information at the Merrill Lynch Global Transportation Conference Wednesday.

The filing also said that, based on the company's data for May, United Airlines' unit revenue was down 3% to 4% year-over-year, which the company believes may beat the industry average.
dbaker is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 07:43 AM.

Content Relevant URLs by vBSEO 3.6.0