American Airlines posts slightly higher revenue, narrower loss than expected

Earnings

In this article

An American Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, April 7, 2021.
Mike Blake | Reuters

American Airlines‘ fourth-quarter revenue was slightly ahead of forecasts and its loss was smaller-than-expected, the company said Thursday.

“Over the past year, we have experienced periods of high travel demand countered by periods of decreased demand due to new COVID-19 variants,” American’s CEO Doug Parker, who steps down at the end of March, said in an earnings release. “This volatility has created the most challenging planning environment in the history of commercial aviation.” 

  • Adjusted results per share: a loss of $1.42 versus an expected loss of $1.48
  • Total revenue: $9.43 billion versus expected $9.38 billion.

American Airlines executives will discuss results on an 8:30 a.m. ET call Thursday.

This is breaking news. Check back for updates.

Articles You May Like

Fed minutes point to more rate hikes that go further than the market anticipates
Justin Timberlake sells song catalog to fund backed by Blackstone in deal valued at $100 million
Pending Home Sales Dip In April Amid Rising Rates, Steeper Prices
Free For A Fee: Intuit’s TurboTax Scandal
DeSantis Delivers An Estate Tax Savings Gift For Floridians

Leave a Reply

Your email address will not be published.