American Airlines with a slump in sales view

sales is likely to buckle in the three months to the end of June, compared to the prior year period by approximately 90 percent, it said on Friday in a communic

American Airlines with a slump in sales view

sales is likely to buckle in the three months to the end of June, compared to the prior year period by approximately 90 percent, it said on Friday in a communication from the company to the U.S. securities and exchange Commission SEC. This will also be incurred in the second quarter of a high loss, after the company had reported in the Texas Fort Worth the beginning of 2020, its first quarterly loss since the return from the insolvency in the year 2013.

all the same, Recently, a slight upward trend was recorded, after the Corona-pandemic had been placed on international air traffic in the meantime, almost to a complete standstill. Thus, the number of passengers per day increased from 31 000 in April to the last 129 000 in June. In the light of the Recovery trend, the Airline had already announced at the beginning of June, the operation starting in July, a little further up the slope. So the Airline wants to offer, then again, 55 percent of their domestic connections and 20 percent of international flights. Basis for comparison is the corresponding month of the previous year.

The company is suppressed due to stress from the Corona-crisis, however, on the cost brake. The operational expenditure and investment are called in 2020 to more than 13.5 billion US dollars (11.9 billion euros) lower than originally planned, it. By the end of may, the company had announced that despite the billions in state aid in the deletion of thousands of Posts.

(SDA)

Date Of Update: 12 June 2020, 10:47