American Airlines will not need bankruptcy protection to get through the current downturn, and the rest of the large U.S. carriers are in similar shape, American CEO Doug Parker said.

He added that U.S. airlines are facing a “demand crisis” caused by the COVID-19 pandemic, which bankruptcy cannot help. That’s different than unsustainable costs in an over-saturated environment. “There’s no one trying to push anybody else out of business,” Parker said. “It’s all about demand. We need demand to come back.”

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