American Airlines said Tuesday that it lost around $1.2 billion in fourth-quarter to end another pandemic-stricken year, a sign that the carrier still has...
American Airlines released projected earnings that beat Wall Street estimates ahead of the full release next week.American Airlines said Tuesday that it lost around $1.2 billion in the fourth quarter of another pandemic-stricken year, a sign the carrier still has miles to go to recover from COVID-19 after nearly two years of struggles.are better than analysts expected, giving some hope that American is gaining momentum toward eventual profitability.
“Capacity was lower due to flight cancelations during the holidays, but AAL’s cancelation rate was lower than the industry as they previously reduced December capacity,” Cowen analyst Helane Becker said in an investor note Tuesday. “We continue to expect the next few months to be affected by variants of Covid as well as by higher fuel prices.”
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