By DAVID KOENIG AP Airlines Writer United Airlines said Tuesday that it lost $1.63 billion in the second quarter as revenue plunged 87%, and it will operate at barely over one-third of capacity through September as the coronavirus throttles air travel. The Chicago-based airline burned through $40 million a day from April through June but said it will trim losses to $25 million a day in the third quarter by slashing costs. CEO Scott Kirby said United cut its cash-burn rate below its closest rivals by shrinking its schedule to meet lower demand and cutting costs across the company. In […]
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