United expects to be cash-flow positive in March

Shares of United jumped Monday after the Chicago carrier said it expected core cash flow to be positive in March. In a SEC filing the carrier said customer demand for travel and new bookings had improved from estimates made in recent weeks. United also expects core cash burn for Q1 to be more favorable than it was in Q4. That's due to the speedup in forward bookings. If trends continue, United expects core cash flow to be positive moving forward. In January, United said average core cash burn in Q4 was $19m a day. United is the first US airline to forecast positive cash flow since the pandemic and subsequent lockdowns took hold a year ago. <br/>