American Airlines reports profits despite jet fuel cost drag - News Summed Up

American Airlines reports profits despite jet fuel cost drag


American Airlines reported record revenues on strong flying demand with ebbing of the Covid-19 pandemic. Photo: Daniel SLIM / AFP/FileSource: AFPAmerican Airlines reported a profitable second quarter Thursday as the ebbing of the Covid-19 pandemic resulted in record revenues despite the hit from higher fuel costs. The big US carrier said its first profitable quarter since the start of the pandemic was due to operations rather than government support programs. "Making sure American could take advantage of the continued recovery has been our collective focus, and the second quarter is evidence that our actions are producing positive results," Isom said. "There is no better validation of this than reporting our first quarterly profit since the start of the pandemic."


Source: Daily Nation July 21, 2022 18:27 UTC



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