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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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Comment15

  • Mr小白
    ·2021-04-25
    Now the best time to buy?
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  • JoHo
    ·2021-04-24
    Come on AA! You can do it!
    Reply
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  • LoLoMiNi
    ·2021-04-24
    Meaning we wil back to normal soon?
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  • idk6874
    ·2021-04-23
    Buy ? 
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  • Summerbath
    ·2021-04-23
    Buy and like 
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  • gzx23
    ·2021-04-23
    Sooner or later 
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  • delwyn_leong
    ·2021-04-23
    ??
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  • ThaigerB
    ·2021-04-23
    Good?
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  • AppleMango
    ·2021-04-23
    Time to buy? Pls like n comments 
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  • Valluru
    ·2021-04-23
    Good.
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  • Pangabui
    ·2021-04-23
    Monitoring 
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  • 来人
    ·2021-04-22
    BUY? ?
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  • Yani94
    ·2021-04-22
    But demand is still lower 
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    Fold Replies
    • StepUp
      It will continue to pick uo
      2021-04-23
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  • YTL
    ·2021-04-22
    [驚訝] 
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  • yinfatt
    ·2021-04-22
    Time to rebound 
    Reply
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