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

by Mike Robinson

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© Reuters. FILEPHOTO: A Boeing 777300ER from American Airlines departs Sydney Airport (Australia), October 28, 2020. REUTERS/Loren Elliott

(Reuters] – American Airlines Group Inc (NASDAQ:) reported a quarterly profit on Thursday, compared with a loss of a year ago. The reason for the quarterly gain was that easing COVID-19 curbs boosted travel demand in advance of peak season.

In the third quarter ending Sept. 30, 2017, The Number One U.S. Airline reported net income of $169 Million, 25c per share. This compares with an annual loss of $2.40 Billion, or $4.71 each share.

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