July 23, 2020 / 11:10 AM / 15 days ago

American Airlines posts second quarterly loss as COVID-19 hammers demand

July 23 (Reuters) - American Airlines Group Inc reported its second consecutive quarterly loss on Thursday, as the coronavirus crisis crushed demand for air travel.

The U.S. airline reported a net loss of $2.07 billion, or $4.82 per share, for the second quarter ended June 30, compared with a profit of $662 million, or $1.49 per share, a year earlier.

Its total operating revenue plunged 86.4% to $1.62 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Aditya Soni)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below