American Airlines posted its first profit without the help of government support since the Covid-19 pandemic started and said demand for travel remains strong even amid surging prices
Packed planes, sky-high fares and fewer Covid-19 related regulations were supposed to be a boon for the airline industry world-wide. But as the summer travel season gets into full swing, shares of many major U.S. airlines have been dropping. WSJ’s Joe Wallace explains what’s weighing on airlines’ stocks. Photo: Frank Augstein/Associated PressAmerican Airlines Group Inc.
The airline, based in Fort Worth, Texas, said Thursday that it expects to post another profit in the current quarter, driven by higher fares and continued demand.
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