IAG Cargo praised for quick reaction to pandemic, but group is in the red
IAG Cargo’s 18.5% rise in revenue to €1.3bn ($1.6bn) was severely overshadowed by the group’s ...
So United Airlines’ third-quarter results are in, and they are not pretty. On the (slight) upside of $3bn adjusted pre-tax losses is a 50% rise in cargo revenue. United has done well, given it has no freighter fleet. But the airline said its daily cash burn was a whopping $25m, with $4m of that servicing debt and severance payments. United also claimed it would outperform rivals American Airlines and Delta. Here, The Motley Fool looks in-depth at that claim.
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