American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term liquidity.
FILE PHOTO: An American Airlines Boeing 737 jet sits at a gate at Washington's Reagan National airport with the U.S. Capitol building in the background. U.S. April 29, 2020. REUTERS/Kevin Lamarque/File Photo
American’s stock, which had underperformed peers among concerns about the company’s heavy debt load, rose 18% to $17.06 in early trading on the Nasdaq. U.S. airlines were collectively bleeding about $10 billion a month as the coronavirus pandemic prompted more passengers to cancel their flights and seek refunds rather than book new travel.
However, as the duration and severity of the COVID-19 pandemic remain uncertain, the company said it expects its fiscal 2020 results to be materially impacted, the .
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
American Airlines $40 million daily cash burn, revenue falls for Q2 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
American, Delta say demand uptick helping cash burn; United requiring health checklistsAmerican Airlines Group Inc and Delta Air Lines Inc said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.
続きを読む »
Georgia's election chaos is a 'cautionary tale' for the Trump-Biden raceCash-strapped state budgets and dramatic changes expected in voting behavior have fueled concerns among advocates about whether the ballot box will be safe and accessible to all Americans.
続きを読む »
Troubled Iran struggles to maintain sway over Iraq militiasIran is struggling to maintain its influence over Iraqi militias since the killing of a top Iranian general and top militia leader in a U.S. drone strike. Iran's economy is being hammered by the combination of U.S. sanctions and the coronavirus pandemic.
続きを読む »
IBM, Amazon moves on facial recognition are good baby steps toward removing biasIn the midst of huge crisis in the U.S. around police mistreatment towards black Americans, two tech giants have said they will halt the sale of...
続きを読む »
Azek shares soar 18% in trading debut after pricing above expected rangeAzek Co. shares undefined soared 18% in their trading debut Friday, after the company's IPO priced above its price range. Chicago-based Azek sold 33.25...
続きを読む »