Originally Posted by
El Peso
• Carried 44M passengers in the 2nd Quarter, more than any other carrier.
• Expected to report a slight Q2 profit including special items. Loss of 1.1B excluding special items. Better than expected.
• The month of June generated a cash build of 1m per day. that’s excluding special items and including principle debt payments.
https://apple.news/A0gqEwFQDSBKm9RnYSrdpYg
https://www.forbes.com/sites/danielr...h=3fac03ea5801
FORT WORTH, Texas (AP) — American Airlines said Tuesday it expects to report roughly break-even results for the second quarter thanks to $1.4 billion in special items, mostly federal pandemic aid that covered most of the airline’s payroll costs.
Without the federal relief, however, the airline said it will post an adjusted loss of up to $1.2 billion for the April-through-June period. That will be its smallest adjusted loss since the pandemic started, reflecting rising passenger traffic and revenue.
American said that second-quarter revenue will be about 37.5% lower than during the same period of 2019, slightly better than the airline had previously forecast.