First-quarter revenue is expected to be down about 20% to 22% compared with the first quarter of 2019, and it will fly slightly less than it did two years ago, the airline said Thursday.
CEO Doug Parker, who retires this spring, said over the past year that American has swung from periods of high travel demand followed by declines as new variants of COVID-19 emerged, creating an unprecedented challenge to airlines’ ability to plan.
“Our results were significantly improved over 2020, but the impact of the omicron variant has affected the timing of a full revenue recovery,” Parker and Robert Isom, who will become CEO in March, said in a note to employees.
Continue reading your story on the app
Continue reading your story in the magazine
‘Twitter Philanthropy' Reveals Chasms in Social Safety Net
Single father Billy Price was already struggling to make ends meet before someone broke into his Michigan storage unit, stole his identity and ruined his credit.
Argo Touts Driverless Operations in Miami and Austin, Texas
An autonomous vehicle technology company that partners with Ford and Volkswagen says it has started driverless operations in two of eight cities where it is developing its technology.
A Bear Market May Be on the Horizon. Here's What That Means
Investors on Wall Street need a place to hide.
PARK OUTDOORS: FORD RECALLS SUVS DUE TO ENGINE FIRE RISK
Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked outdoors because the engines can catch fire.
DUSTY DEMISE FOR NASA MARS LANDER IN JULY; POWER DWINDLING
A NASA spacecraft on Mars is headed for a dusty demise.
GOOGLE'S RUSSIAN BUSINESS PLANS TO FILE FOR BANKRUPTCY
Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers.
NY AGENCY FILES DISCRIMINATION COMPLAINT AGAINST AMAZON
A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying them “reasonable accommodations” and forcing them to take unpaid leave, Gov. Kathy Hochul announced this week.
CONGRESS DIVES INTO UFOS, BUT NO SIGNS OF EXTRATERRESTRIALS
Congress held its first hearing in half a century on unidentified flying objects. And no, there is still no government confirmation of extraterrestrial life.
CONSUMERS SHIFT AGAIN, FLUMMOXING BIG RETAILERS LIKE TARGET
The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again.
HARLEY-DAVIDSON SUSPENDS PRODUCTION FOR 2 WEEKS, SHARES FALL
Harley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its suppliers.
