American Airlines, Southwest expect summer bookings to rebound

1 minute
American Airlines, Southwest expect summer bookings to rebound

An AmericanAmerican Airlines passenger jet glides under the moon as it lands at LaGuardiREUTERS Eduardo Munoz Eduardo Munoz:The U.S. carrier Southwest Airlines and AmericanAmerican Airlines on Thursday signaled a slowAfter almost a year in the doldrums due to the pandemic, airlinesMarch was clearly a significant improvement over January and February and direction is for continued improvement into theSouthwest forecasted second-quarter average daily cash flow between $2 million and $4 million comparedIt expects second quarter capacity to increase by about 90% from a year earlier.At this point, in a normal year, we would expect to be around 60% booked forWe are currently on the hunt for these levels of bookings.American said its average daily cash burn rate slowed to $4 million in March, while itsAmerican sees capacity to fall between 20% and 25% compared to 2019, after a 35%American Airlines shares were up around 1%, while Southwest was down about 1.8%.American has a higher exposure to international travel, which is not expected to rebound soon as mostI know Doug Parker understands the importance of restoring international travel to the economy, said AmericanWe all need to look at this in a risk-based way.No one wants to rush for certain, and no one will push that either.Southwest is taking some furloughed pilots and flight attendants back to prepare forMeanwhile, operating revenues in the companies fell more than 50%, slower than the fall of approximately After a smaller-than-expected loss, Alaska Air Group also forecasts improved cash flow

  • Comments
Loading comments...