Earnings

American Airlines (AAL) revenue grew in fourth quarter, posts narrower loss

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American Airlines posted its highest revenue of the Covid pandemic during the fourth quarter as bookings rose, but it still reported a loss, as the spread of the omicron variant hurt travel demand.

“Over the past year, we have experienced periods of high travel demand countered by periods of decreased demand due to new COVID-19 variants,” American’s CEO, Doug Parker, who steps down at the end of March, said in an earnings release Thursday. “This volatility has created the most challenging planning environment in the history of commercial aviation.” 

United Airlines on Wednesday and Delta Air Lines last week warned that omicron would delay the travel recovery.

Parker told CNBC’s “Squawk…



Source cnbc.com

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