American prepares for recovery after challenging first quarter

american prepares for recovery after challenging first quarter

American Airlines has reported first-quarter revenue of $4 billion, down 53 per cent year-over-year.

At the same time, total available seat miles saw a 39 per cent year-over-year reduction.

“Looking forward, with the momentum underway from the first quarter, we see signs of continued recovery in demand,” said American chief executive, Doug Parker.

“We remain confident the network enhancements, customer-focused improvements and efficiency measures we’ve put into place will ensure American is well-positioned for the recovery.”

First-quarter net losses at the carrier totalled $1.3 billion, or ($1.97) per share.

American said it ended the first quarter with approximately $17.3 billion of total available liquidity.

The company expects to end the second quarter with approximately $19.5 billion in total available liquidity.

Older

No vaccine requirement for Turkey travel this summer

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


Travel Categories

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close