American Airlines lost $2.2 billion in first quarter: earnings report - Business Insider

The airline retired a variety of aircraft types as part of its effort to lower expenses, including its Boeing 757 and 767, Embraer E190, and Airbus A330-300 fleets.Visit Business Insider's homepage for more storiesAmerican Airlines lost more than $2.2 billion dollars in the first quarter of 2020, the airline said on Thursday — its biggest loss since the start of the 2008 financial crisis.

American Airlines' loss came on revenue of $8.52 billion — which was down nearly 20% from last year, but in line with other airlines that have reported their results.As the crisis has begun to look like a long-term downturn with an even longer recovery, airlines around the world have grounded planes and suspended routes.

Back to normal expected not before... 2022

So when you say *American sent its 757, 767, E190, and A330-300 fleets into early retirement, with CEO Doug Parker acknowledging that the airline will 'have to be smaller' to recover* means layoffs too despite recent Fed injection?

Time to inject some money... FED 👀

Here come the layoffs.

should have saved money from 2 trillion tax cut. boohoo go bankrupt!!!!!!!!!!! socialismfortherich

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft reports third-quarter earnings, beat Wall Street estimates - Business InsiderMicrosoft reports quarterly revenue of $35 billion, beating Wall Street estimates as the coronavirus crisis drives demand for its cloud King_Thatso stoolpresidente Cool earns
Source: BusinessInsider - 🏆 729. / 51 Read more »

Barclays' first-quarter earnings beat forecasts as markets income surges 77% - Business InsiderThe British banking giant took a $2.6 billion impairment charge to reflect the impact of the coronavirus pandemic.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus pushed Twitter to a record 24% growth in daily users last quarter, but the social media giant swung to a loss | Markets InsiderTwitter reported first-quarter earnings on Thursday that showed a record 24% year-on-year increase in daily active users to 166 million in the f... Come on Twitter 🙄
Source: BusinessInsider - 🏆 729. / 51 Read more »

Spotify’s Earnings Report: Six Things to Look ForTomorrow's Spotify report will give an early glimpse at how coronavirus is impacting music streaming revenues. what Jah know
Source: billboard - 🏆 112. / 63 Read more »

GE says first-quarter revenue declined 8%, expects this quarter to be worse because of pandemicGeneral Electric reported steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic. Dow don't care .ready to sprint It is the bottom, BUY! The market is forward-looking if you know wut I mean!
Source: CNBC - 🏆 12. / 72 Read more »