• 50
  • 15
  • Favorite

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment15

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

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial