American Airlines posts quarterly profit, boosted by strong travel demand, federal aid

6 days ago

An American Airlines Boeing 777-300ER level takes disconnected from Sydney Airport successful Sydney, Australia, October 28, 2020.

Loren Elliott | Reuters

American Airlines connected Thursday posted a nett for the 2nd quarter, getting a assistance from national assistance and a surge successful question demand.

The Fort Worth-based bearer reported nett income of $19 million, snapping 5 consecutive quarters of losses, acknowledgment successful portion to much than $1 cardinal successful national payroll support. Revenue for the 3 months ended June 30 came successful astatine $7.48 billion, up from conscionable $1.6 cardinal a twelvemonth earlier and up of Wall Street analysts' forecasts, arsenic customers returned to the skies successful droves.

Adjusting for one-time items, American had a nonaccomplishment of $1.1 cardinal oregon $1.69 arsenic share.

This is breaking news. Check backmost for updates.