• Insider Transportation: United's not worried about cash burn, Uber's self-driving troubles, a breakdown of Tesla salaries, and more

    10 days ago - By Business Insider

    "But if you're just focused on minimizing today's cash burn, you end up with a myopic short-term focus," United CEO Scott Kirby told investors.
    Thomas Pallini/Business Insider
    Ever since the COVID-19 pandemic began its implacable spread across the United States this spring and decimated demand for air travel, the country's airlines have been racing to cut costs. With minimal revenue coming in, they made a bevy of moves to slow their rates of cash burn: delaying capital expenditures, deferring deliveries of new aircraft, retiring aging planes early, cutting routes, and more. Delta, for one...
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