American Airlines is reporting another big loss as the pandemic continues to hammer air travel, but the airline says it is seeing signs of more demand for tickets
FORT WORTH, Texas — American Airlines said Thursday that it lost $1.25 billion in the first quarter and continued to slash costs, including delaying delivery of new jets as it waits for air travel to recover from the pandemic.
Chairman and CEO Doug Parker said the airline continues to see signs that demand for tickets is improving.
American said it burned through $27 million in cash each day in the quarter, down from $30 million a day in the fourth quarter of 2020. The airline said it reduced 2021 costs by more than $1.3 billion, including a new round of voluntary buyouts that will result in 1,600 employees leaving the company.
Leisure travel within the U.S. has picked up recently, with about 1.4 million travelers…
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