. The airline plans to fly 55% of the previous year's domestic capacity in July, or 40% of its overall system capacity — an increase from just 20% in April, 25% in May, and 20% again in June.
Total system capacity, which airlines have lowered to match the fall in demand, will be down 75% for the quarter compared to 2019. "Along with these cost-saving actions, the Company has recently experienced improving demand conditions and has passed the peak in cash refund activity," the airline wrote in the filing.
Financial outlook for AA is good as flights are packed full, based on customer complaints (for no Covid-19 distancing). But, once those passengers are in ICU or caskets, that revenue stops.
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