American Airlines Stock Closes Higher: American Airlines weighed down by high kerosene costs

Before taxes, a loss of between 2.05 and 2.17 billion US dollars (1.88 to 1.99 billion euros) should have been incurred, the company announced on Tuesday in Fort Worth, Texas. Write-downs on decommissioned Airbus A330 long-haul jets also contributed to this. American Airlines had scrapped its A330 fleet due to the slump in demand caused by the corona pandemic.

According to the information, quarterly sales of $ 8.9 billion were only 16 percent lower than before the pandemic in early 2019. Management had recently assumed 17 percent. However, the costs per seat mile flown are expected to have increased by 12 to 13 percent, even apart from fuel and special effects. The company plans to release its full quarterly figures on April 21 as planned.

American Airlines stock rose 0.94 percent to $17.13 in NYSE trading. /stw/men/he

FORT WORTH (dpa-AFX)

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