July 31 (Reuters) - Air Canada AC.TO :
* AIR CANADA REPORTS SECOND QUARTER 2020 RESULTS
* AIR CANADA - QTRLY OPERATING LOSS OF $1.555 BILLION
* AIR CANADA - LIQUIDITY OF $9.120 BILLION AT JUNE 30, 2020
* AIR CANADA - QTRLY TOTAL REVENUE DECLINE OF 89 PER CENT OVER Q2 OF 2019
* AIR CANADA - QTRLY TOTAL PASSENGERS CARRIED DECLINE OF 96 PER CENT COMPARED TO Q2 OF 2019
* AIR CANADA - TOTAL REVENUES FELL FROM $4.738 BILLION IN Q2 OF 2019 TO $527 MILLION IN Q2 THIS YEAR
* AIR CANADA - INITIATED COST REDUCTION, CAPITAL REDUCTION AND DEFERRAL PROGRAM AS A RESULT OF COVID-19, WHICH HAS NOW REACHED APPROXIMATELY $1.3 BILLION
* AIR CANADA - ANNOUNCED A WORKFORCE REDUCTION OF APPROXIMATELY 20,000 EMPLOYEES, REPRESENTING MORE THAN 50 PER CENT OF ITS WORKFORCE
* AIR CANADA - PLANS TO REDUCE ITS Q3 2020 CAPACITY BY ABOUT 80 PER CENT FROM SAME QUARTER IN 2019
* AIR CANADA - PROJECTS A NET CASH BURN OF BETWEEN $1.35 BILLION AND $1.6 BILLION (OR BETWEEN $15 MILLION AND $17 MILLION PER DAY, ON AVERAGE) IN Q3 2020
* AIR CANADA - AIR CANADA IS RETIRING 79 OLDER AIRCRAFT FROM ITS FLEET - CONSISTING OF BOEING 767, AIRBUS A319 AND EMBRAER 190 AIRCRAFT
* AIR CANADA - Q3 NET CASH BURN PROJECTION INCLUDES $4 MILLION PER DAY IN CAPITAL EXPENDITURES AND $5 MILLION PER DAY IN LEASE AND DEBT SERVICE COSTS
* AIR CANADA QTRLY NET LOSS OF $1.752 BILLION OR $6.44 PER DILUTED SHARE
* AIR CANADA - INTENDS TO CONTINUE ITS PARTICIPATION IN CEWS PROGRAM
* AIR CANADA - AT JUNE 30, 2020, NET DEBT OF $4.564 BILLION INCREASED $1.723 BILLION FROM DECEMBER 31, 2019