United Airlines posts $1.6-billion loss, says it’s shedding 6,000 workers

United Airlines Holdings Inc. said Tuesday that it lost $1.63 billion in the second quarter as revenue plunged 87%, and it will operate at barely over one-third of capacity through September as the COVID-19 pandemic throttles air travel. The Chicago airline burned through $40 million a day in the April-through-June quarter but said it will trim losses to $25 million a day in the current quarter by slashing costs. Chief Executive Scott Kirby said United cut its cash-burn rate below its closest rivals’ by shrinking its schedule to meet lower demand and cutting costs across the company. In a statement, he said the moves “positioned United to both survive the COVID crisis and capitalize on...