United improves quarterly cash burn but employee demand for early exits weak

CHICAGO (Reuters) – United Airlines Holdings Inc (UAL.O) said on Tuesday it burned through about $40 million per day in the second quarter but sees that amount slowing to roughly $25 million in the third quarter as it matches its flight schedule to coronavirus-hit demand. U.S. airlines are scrambling to adjust operations to hard-to-predict travel demand as COVID-19 infections surge, […]

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United Airlines CEO Kirby's annual base salary lower than predecessor

(Reuters) – United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received. The compensation committee also approved an annual base salary of $775,000 for President Brett Hart, less than what Kirby got in the role, the company said in a […]

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