The FINANCIAL — United Airlines (UAL) today announced second quarter 2020 financial results, the most difficult financial quarter in its 94-year history, with a net loss of $1.6 billion, and an adjusted net loss¹ of $2.6 billion. The company continues to take aggressive action to mitigate the impact of the COVID-19 pandemic by raising liquidity and reducing cash burn. Chicago-based United on Tuesday reported a quarterly loss of about $1.6 billion and said it plans to fly 35% of its normal schedule in the three months through September. That is in line with guidance it gave for August after the airline…
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