American Airlines suffers loss as Omicron clouds outlook

American Airlines suffers loss as Omicron clouds outlook

2022-01-20 06:40:00 PM

American Airlines suffers loss as Omicron clouds outlook

American Airlines reported another quarterly loss Thursday after the latest Covid-19 surge dented demand at the end of the year, but said consumers were booking more trips for the spring.

But American has seen an uptick in reservations beyond the next 60 days, Chief Executive Doug Parker said."It does feel like the consumer has the confidence at being able to travel," Parker said on CNBC, while acknowledging"the results would have been better were it not for Omicron."

The carrier reported a loss of $931 million for the fourth quarter, compared with a $2.2 billion loss in the same three months of 2020.Revenues more than doubled to $9.4 billion compared with the same period a year earlier. But in October-December 2019, before Covid-19 hit shutting down travel, American had revenues of $11.3 billion.

Read more: eNCA »

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