American Airlines: Lack Of Business Travel Will Crush Fall Demand

Relatively speaking, business started to look up for American Airlines, the company said during its Q2 earnings call Thursday. But don’t expect it to last. As the COVID-19 pandemic obliterated air travel in April, American Airlines burned nearly $ 100 million per day. With demand rebounding slightly in June, cash burn inched up closer to $ 30… Continue reading »

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