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
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: billboard - 🏆 112. / 63 Read more »