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American Airlines (AAL) reports 4Q 21 results

A passenger plane from American Airlines is about to land at LAX during the outbreak of coronavirus (COVID-19) in Los Angeles, California, on April 7, 2021.

Mike Blake | Reuters

American Airlines had its highest turnover of the pandemic in the fourth quarter as the number of bookings increased, but it still reported its second annual loss in a row during a volatile year.

"Over the past year, we've experienced periods of high travel demand offset by periods of declining demand due to new COVID-19 variants," said U.S. CEO Doug Parker, who retires in late March, in a earnings announcement. . "This volatility has created the most challenging planning environment in the history of commercial aviation."

American lost $ 931 million in the fourth quarter on revenue of $ 9.43 billion, down from $ 11.3 billion in sales in the last three months of 2019, before the pandemic. Adjusted for non-recurring items, American lost $ 1.42 per share. per share compared to analysts' estimate of a loss of $ 1.48 per share. shares.

For the first quarter, American expects revenue to decline by 20% to 22% over the same period in 2019, when it generated $ 10.6 billion in sales. The capacity in the first three months will be 90% to 92% restored.

  • Adjusted results per shares: a loss of $ 1.42 against an expected loss of $ 1.48
  • Total income: $ 9.43 billion against the expected $ 9.38 billion.

American Airlines executives will discuss the results on an 8:30 am ET call Thursday.

This is breaking news. Come back for updates.

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