FILE - In this July 17, 2019 file photo American Airlines planes are parked on the tarmac at Phoenix Sky Harbor International Airport in Phoenix. American Airlines Group Inc. on Thursday, April 22, 2021, reported a loss of US$1.25 billion in its first quarter. FORT WORTH, Texas: American Airlines said Thursday that it lost US$1.25 billion in the first quarter and continued to slash costs, including delaying delivery of new jets as it waits for air travel to recover from the pandemic.
Leisure travel within the US has picked up recently, with about 1.4 million travelers going through airports each day this month. Still, that remains about 40 per cent below the pre-pandemic pace of 2019. The first-quarter loss was roughly in line with Wall Street expectations. Excluding federal payroll aid and other temporary items, American said it lost US$4.32 per share. The average estimate of 17 analysts surveyed by FactSet was a loss of US$4.30 per share.A year ago, when the pandemic was just starting to hit the US, American lost US$2.24 billion.
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