American Airlines expects to post 3Q profit on federal aid
FORT WORTH, Texas (AP) — American Airlines expects a busy holiday season, with more than 6,100 flights on some days, more flying than it did over the summer. American also said Tuesday that it expects to post a profit for the July-through-September quarter thanks to federal pandemic relief. The airline says that excluding the federal dollars, it expects an adjusted loss of between $620 million and $675 million for the quarter. Airlines have received billions in federal aid over the past 18 months to help them cover payroll costs.
The post American Airlines expects to post 3Q profit on federal aid appeared first on KVIA.