American Airlines’ chief executive, Doug Parker, recently described the carrier’s aggressive pandemic strategy as “Let’s go fly, for God’s sake.” Now, the carrier already prefers to describe itself as “nimble” and “adaptable”—a change that investors should welcome. As the stock market opened Thursday, shares in American—the last major U.S. full-service carrier to report earnings—fell more than 1%, even though the company beat analysts’ profit estimates. Revenues were 86% lower than a year before, but still exceeded market...

Source: Wall Street Journal July 23, 2020 16:28 UTC