AMERICAN AIRLINES
AMERICAN AIRLINES had $2.2b net loss for 4Q20 (vs $414m profit in 4Q19) on 64.4% lower revenues; and $8.9b net loss in 2020 (vs $1.7b in 2019) on 62.1% lower revenues. It reduced its daily cash burn rate from $100m in April to $30m in 4Q20.
Subscription Required
AMERICAN AIRLINES 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.