Airline nosedive: American, United post huge pandemic losses

Southwest Life

Airline nosedive: American, United post huge pandemic losses

Ethan Cale walks from the American Airlines ticket counter Thursday, April 30, 2020, in Salt Lake City. American Airlines reports a staggering loss of $2.2 billion for the first quarter, when the new coronavirus began to cause a steep drop in air travel. American Airlines reported Thursday that revenue fell 19% while costs continued to rise even as the virus spread. Air travel within the U.S. has plunged 95% from a year ago, judging by the number of people screened at the nation’s airports.

Airline nosedive: American, United post huge pandemic losses

Ethan Cale walks from the American Airlines ticket counter Thursday, April 30, 2020, in Salt Lake City. American Airlines reports a staggering loss of $2.2 billion for the first quarter, when the new coronavirus began to cause a steep drop in air travel. American Airlines reported Thursday that revenue fell 19% while costs continued to rise even as the virus spread. Air travel within the U.S. has plunged 95% from a year ago, judging by the number of people screened at the nation’s airports.
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