Simple Flying - Jay Singh

American Airlines has reported its first-quarter financial results for 2020 on April 30th. The airline recorded a net loss of $2.2 billion. This is one of the largest losses for a US airline this quarter thus far.

The airline recorded $8.5 billion in revenues. $7.7 billion came from passengers, another $147 million from cargo operations, and $687 million from other sources. However, the airline then faced over $11 billion in operating expenses. The most significant expense for the airline was $3.1 billion in salaries. Another $1.4 billion were jet fuel costs and taxes, while $1.9 billion were costs for regional operation expenses. Aircraft maintenance cost the airline $629 million while aircraft leases total $334 million....more

Not a member?
Take a look at our member benefits