American Airlines lost $8.9 billion in a year of pandemic
American Airlines lost $2.2 billion in the fourth quarter as people stayed put in the pandemic, sending the carrier’s revenue plunging by nearly two-thirds from the same period a year ago.
American predicted that similar revenue trends from late 2020 will carry over into the first three months of 2021.
The results ended a dismal year in which American Airlines Group Inc lost $8.9 billion after earning nearly $1.7 billion the year before.
Shares of the Fort Worth, Texas, company surged more than 20 per cent in trading before the opening bell, seemingly part of volatile trading elsewhere on Wall Street this week.
