American Airlines Reported Loss US$2.2 Billion in Q4

American Airlines reported a loss of US$2.2 billion in the fourth quarter, compared with a profit of US$414 million last year, and travel demand fell sharply again.

American Airlines announced today that it will lose 8.9 billion U.S. dollars in 2020 due to the coronavirus, but it is expected to begin to rebound later in 2021.

American Airlines reported a loss of US$2.2 billion in the fourth quarter, compared with a profit of US$414 million last year, and travel demand fell sharply again.

American Airlines CEO Doug Parker said: “Our financial performance in the fourth quarter was the most challenging year in our company’s history. US$100 million was reduced to US$30 million.

Due to the sharp drop in ticket sales, U.S. fourth-quarter revenue fell 64% to $4 billion. Annual revenue fell 62% to $17.4 billion.

You may also interested in
');(document.contains)||document.write('');(window.DOMRect)||document.write('');(window.URL&&window.URL.prototype&&window.URLSearchParams)||document.write('');(window.FormData&&window.FormData.prototype.keys)||document.write('');(Element.prototype.matches&&Element.prototype.closest)||document.write('')