American Airlines soars on news it will boost U.S. flights in July

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American Airlines said it will boost its U.S. flight schedule next month and plans to fly more than 55% of its July 2019 domestic capacity

) shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions caused by the coronavirus pandemic, flying more than 55% of its July 2019 domestic capacity.

The airline, the largest U.S. carrier, will also boost its international flights schedule next month, flying nearly 20% of its July 2019 schedule. “As an airline, we’ve consciously bet on demand coming back. We have bet the economy,” Raja said, noting American has been operating a larger schedule than U.S. rivals.

FILE PHOTO: A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. REUTERS/Joshua Roberts/File Photo

 

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