The company now estimates its average core cash burn, excluding changes in working capital, to be in the range of $1 million to $3 million per day in the quarter, compared with its previous estimation in the range of $2 million to $4 million per day. Reporting by Arathy S Nair in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles. The shares were down 2% in early trading about an hour before Wednesdays regular session. (https://bit.ly/3vdNdxa)The Dallas, Texas-based carrier also raised its estimates for fuel costs in the second quarter to be between $1.90 and $2.00 per gallon, from its previous forecast in the range of $1.85 to $1.95 per gallon. That is $1 million better than a previous forecast.
The producers of this article are suffering financially.
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