American Airlines expects its revenue to be down 90 percent in the second quarter compared to last year but predicts it will halt cash burn by year end - as foot traffic through airports starts to increase after COVID-19 effectively brought travel to a standstill. 'Due to the recent decline in demand caused by the COVID-19 pandemic, the company expects its second quarter 2020 revenue to be down approximately 90 percent versus the second quarter of 2019,' the company said in a filing with the US Securities and Exchange Commission. The airline added that is expects total system capacity to be down about 75 percent compared to the last year's second quarter. The numbers have grown steadily since then and TSA data shows that just over 500,000 people traveled through security checkpoints on Thursday. The data shows foot traffic is well below where it was this time last year.

Source: Daily Mail June 12, 2020 20:11 UTC