An American Airways passenger jet approaches to land at LAX throughout the outbreak of the coronavirus illness (COVID-19) in Los Angeles, California, April 7, 2021.
Mike Blake | Reuters
American Airlines‘ fourth-quarter income was barely forward of forecasts and its loss was smaller-than-expected, the corporate stated Thursday.
“Over the previous yr, we now have skilled intervals of excessive journey demand countered by intervals of decreased demand resulting from new COVID-19 variants,” American’s CEO Doug Parker, who steps down on the finish of March, stated in an earnings launch. “This volatility has created probably the most difficult planning atmosphere within the historical past of business aviation.”
- Adjusted outcomes per share: a lack of $1.42 versus an anticipated lack of $1.48
- Whole income: $9.43 billion versus anticipated $9.38 billion.
American Airways executives will focus on outcomes on an 8:30 a.m. ET name Thursday.
That is breaking information. Examine again for updates.