American Airlines posts profit vs year-ago loss as travel demand improves

1 min read
FILE PHOTO: An American Airlines plane takes off from Sydney Airport in Sydney

– American Airlines Group Inc reported a quarterly profit compared to a year-ago loss on Thursday, as easing COVID-19 curbs strengthened travel demand ahead of the peak holiday season.

The No.1 U.S. airline reported a net income of $169 million, or 25 cents per share, in the third quarter ended Sept. 30, compared with a loss of $2.40 billion, or $4.71 per share, a year earlier.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)

tagreuters.com2021binary_LYNXMPEH9K0LC-BASEIMAGE

Related News:   Davos 2023: Key takeaways from the World Economic Forum