An American Airways passenger jet approaches to land at LAX all over the outbreak of the coronavirus illness (COVID-19) in Los Angeles, California, April 7, 2021.
Mike Blake | Reuters
American Airways‘ fourth-quarter earnings was once fairly forward of forecasts and its loss was once smaller-than-expected, the corporate stated Thursday.
“Over the last yr, we have now skilled classes of prime go back and forth call for countered by means of classes of reduced call for because of new COVID-19 variants,” American’s CEO Doug Parker, who steps down on the finish of March, stated in an income liberate. “This volatility has created probably the most difficult making plans surroundings within the historical past of business aviation.”
- Adjusted effects according to proportion: a lack of $1.42 as opposed to an anticipated lack of $1.48
- General earnings: $9.43 billion as opposed to anticipated $9.38 billion.
American Airways executives will talk about effects on an 8:30 a.m. ET name Thursday.
That is breaking information. Test again for updates.