American Airlines Reports $1.25 Billion Q1 Loss on $4 Billion in Revenue

By Paul Riegler on 22 April 2021
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American Airlines announced financial results for the first quarter of 2021.

The world’s largest airline posted its fifth consecutive quarterly loss and said it will operate second-quarter capacity that’s 20% to 25% less compared with the first quarter of 2019.

The airline recorded a $1.25 billion net loss on just over $4 billion in revenue, a figure down 53% from the $8.5 billion it posted in the same period one year earlier, amidst the coronavirus pandemic-induced decline in travel.

“The pandemic is far from over,” the airline’s top two executives, Doug Parker and Robert Isom, said in a note to employees announcing the results that was viewed by Frequent Business Traveler. “We have to continue to fight like never before and ensure that when the green flag drops, American is out in front.”

The airline sees the increased pace in coronavirus vaccinations as a key factor in a brighter future.

“But as our world makes daily strides in Covid-19 vaccination efforts, customers are returning to travel and there is no doubt the pace of the recovery is accelerating,” the two executives wrote.

(Photo: Accura Media Group)

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