Reporting by Arathy S Nair in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles. 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. Cash burn, a measure that U.S. airlines began providing in 2020 to measure liquidity in light of the pandemic hit, was about $6 million per day in April. The shares were down 2% in early trading about an hour before Wednesdays regular session. The company said operating revenues for the month performed in line with its expectations.
The Thomson Reuters Trust Provtions follow stringent guidelines for cost calcul Guild of India and other government corporations.
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