Earnings

In this article

An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020.
Loren Elliott | Reuters

American Airlines on Thursday posted a profit for the second quarter, getting a lift from federal aid and a surge in travel demand.

The Fort Worth-based carrier reported net income of $19 million, snapping five consecutive quarters of losses, thanks in part to more than $1 billion in federal payroll support. Revenue for the three months ended June 30 came in at $7.48 billion, up from just $1.6 billion a year earlier and ahead of Wall Street analysts’ forecasts, as customers returned to the skies in droves.

Adjusting for one-time items, American had a loss of $1.1 billion or $1.69 as share.

This is breaking news. Check back for updates.

Articles You May Like

Is Commercial Metals (CMC) A ‘Buy’ Ahead of Fiscal Q3 Earnings Announcement?
NetEase (NTES) and Steve Madden (SHOO): 6/13/25 Bull & Bear
Top Stock Picks for Week of June 16, 2025
Astronics Corp (ATRO) and IAC Inc (IAC): 6/20/25 Bull & Bear