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American Airlines $40 million daily cash burn, revenue falls for Q2 - Business Insider

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Burning $40 million in cash every day this month, American Airlines says the outlook for June is good — even as revenues fall 90%

. 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.

 

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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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