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

The No.1 U.S. airline reported a net income of $169mln

  
American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, lands at LaGuardia airport in New York, U.S. December 29, 2020.

American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, lands at LaGuardia airport in New York, U.S. December 29, 2020.

REUTERS/Eduardo Munoz/File Photo

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)


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