In a recent release, American Airlines guided for a 37.5% (y-o-y) decline in revenues and a 24.6% (y-o-y) reduction in capacity (available seat miles). While the company is likely to report a net loss of $35 million, the third round of payroll support has been limiting the operating cash burn rate..
In a recent release, American Airlines guided for a 37.5% (y-o-y) decline in revenues and a 24.6% (y-o-y) reduction in capacity (available seat miles). While the company is likely to report a net loss of $35 million, the third round of payroll support has been limiting the operating cash burn rate..
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