Displaying 10 out of 8 results

  1. Southwest Airlines Co. Boeing 737 MAX 8 aircraft at Midway International Airport in Chicago

    Southwest sees slower cash burn in third-quarter than prior estimates

    Southwest Airlines Co said on Wednesday it now expects cash burn to slow to US$17 million per day in the third quarter, as airlines continued to ...
  2. FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the company's site o

    Cash burn in question for struggling GE

    The collapse of global air travel has stopped General Electric Co's turnaround plan in its tracks and the company will have to convince investors ...
  3. An airplane passes in front of Southwest Airlines Flight 1380, which diverted to the Philadelphia I

    Southwest and American slow quarterly cash burn but warn demand has stalled

    Southwest Airlines and American Airlines each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 ...
  4. A United Airlines passenger jet takes off with New York City as a backdrop

    United sees around US$15-20 million daily cash burn in fourth quarter if demand bounces

    United Airlines expects its daily cash burn rate to slow to between US$15 million and US$20 million in the fourth quarter, depending on the pace ...
  5. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters

    Brazil's Embraer loses US$292 million as stoppages burn cash

    Brazilian planemaker Embraer reported a US$292 million first quarter loss on Monday due to a coronavirus crisis sales slump and the impact of a ...
  6. FILE PHOTO: Delta Air Lines passenger planes parked in Birmingham

    Delta to halve cash burn as it braces for sluggish recovery from pandemic

    Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, and ...
  7. FILE PHOTO: A wildfire dubbed the Cave Fire burns in the hills of Santa Barbara, California,

    Trump administration halts wildfire prevention tool in California over coronavirus

    The US Forest Service has suspended controlled burns on public lands in wildfire-prone California because of the coronavirus pandemic, upsetting ...
  8. FILE PHOTO: The CloudMinds XR-1 robot performs for the visitors at the Mobile World Congress in Bar

    SoftBank-backed CloudMinds slashes workforce amid cash burn: sources

    SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated ...