American Airlines loss narrows as travel demand picks up

Reuters2021-04-22

April 22 (Reuters) - American Airlines Group Inc on Thursday reported a smaller quarterly loss as rising vaccination rates prompted more people to opt for air travel.

  • First-quarter revenue of $4.0 billion, down 53% year over year on a 39% year-over-year reduction in total available seat miles (ASMs).
  • First-quarter net loss of $1.3 billion, or ($1.97) per share. Excluding net special items1, first-quarter net loss was $2.7 billion, or ($4.32) per share.
  • Raised $10 billion through debt offering backed by the AAdvantage program and used a portion of the proceeds to prepay in full the secured loan from the U.S. Department of the Treasury.
  • Ended the first quarter with approximately $17.3 billion of total available liquidity. Company expects to end the second quarter with approximately $19.5 billion in total available liquidity.

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Comments

  • Mr小白
    2021-04-25
    Mr小白
    Now the best time to buy?
  • JoHo
    2021-04-24
    JoHo
    Come on AA! You can do it!
  • LoLoMiNi
    2021-04-24
    LoLoMiNi
    Meaning we wil back to normal soon?
  • idk6874
    2021-04-23
    idk6874
    Buy ? 
  • Summerbath
    2021-04-23
    Summerbath
    Buy and like 
  • gzx23
    2021-04-23
    gzx23
    Sooner or later 
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