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. (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. Reporting by Arathy S Nair in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles. The airline said it cut its core cash-burn rate to $6 million a day in April and now expects to lose between $1 million and $3 million a day in the April-through-June quarter. That is $1 million better than a previous forecast.
The Thomson Reuters TrustPrinciple. The amount they could lose would be 104 cents.
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