AMERICAN
AMERICAN posted $2.4b net loss for 3Q20 (vs $425m profit in 3Q19) on 73.4% lower revenues, and ended quarter with $13.6b in liqudity. Although it has seen improvements in pax demand, it expects 4Q20 system capacity to be down >50% vs a year ago.
Subscription Required
AMERICAN is part of our SpeedNews subscription.
Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.
Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.