- July 15, 2021
- Posted by: Stratford Team
- Category: Business
FOX Business’ Jeff Flock speaks with Western Michigan College of Aviation Dean Dave Powell on the need for qualified pilots as air travel resumes.
American Airlines has raised its second quarter guidance ahead of its official earnings announcement next week as air travel demand is showing new signs of strength after plunging during the COVID-19 pandemic.
LAW ENFORCEMENT BOARDS AMERICAN AIRLINES FLIGHT FOR ‘POSSIBLE SECURITY THREAT’
According to an SEC filing Tuesday, American is forecasting second quarter revenue to be down approximately 37.5% compared to the second quarter of 2019, an improvement from prior guidance of approximately 40%.
The airline also estimates a “slight” pretax profit, with quarterly net income results expected to be between a loss of $35 million and a profit of $25 million. Excluding the effect of net special items, American forecasts a net loss of up to $1.2 billion and an adjusted per-share loss between $1.67 and…