American Airlines sees capacity cuts through February as Covid cases rise


American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020.

Marco Bello | Reuters

American Airlines expects the impact of the coronavirus pandemic to continue to weigh on demand and schedules into 2021, the carrier’s president said Tuesday.

The Fort Worth, Texas-based airline is flying about 45% of its 2019 schedule this month, Robert Isom told reporters at Miami International Airport, before the debut of the Boeing 737 Max’s first U.S. flight with commercial passengers since it was grounded nearly two years ago.

“We anticipate that’s something that will carry on into January and February. We are hopeful that the vaccine will show some promise,” he said.

American and its competitors have warned investors in recent weeks that a surge in Covid-19 cases and new travel restrictions have hurt fourth-quarter revenue, despite a spike in travelers around the year-end holidays.

Source link

Next Post

Third Point urges Intel to explore 'strategic alternatives'

Intel CEO Robert Swan speaks at the Rakuten Optimism event in Yokohama, Japan, on July 31, 2019. Tomohiro Ohsumi | Getty Images Third Point, the hedge fund led by Dan Loeb, is urging Intel’s board of directors to hire an investment adviser to explore “strategic alternatives” after the chipmaker lost […]
Third Point urges Intel to explore 'strategic alternatives'

Subscribe US Now