American Airlines Forecasts Return to Profit as Bookings Rebound
Posted: Thu Apr 21, 2022 3:53 pm
CHICAGO—The American Airlines Group became the latest carrier on Thursday to offer an upbeat outlook on bookings, saying rebounding passenger numbers would help it back to profit in the current quarter. Shares in the United States’ biggest airline by seat capacity soared in pre-market trade, with the Texas-based carrier also saying that rising travel demand had translated into “record” sales in March and drove monthly revenue above levels in pre-pandemic 2019. The airline estimates that its revenue in the June quarter would be up 6-8 percent from the same period in 2019. Analysts, in contrast, expect its quarterly revenue to be down about 6 percent from the pre-pandemic period, Refinitiv data shows. ...
Source: https://www.theepochtimes.com/american- ... 18597.html
Source: https://www.theepochtimes.com/american- ... 18597.html