ILLINOIS: United Airlines said Tuesday (Wednesday in Manila) that it lost $1.63 billion in the second quarter as revenue plunged 87 percent, 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.
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