American Airlines shares plunged 9.2 per cent to a six-year low on Tuesday as coronavirus caused another painful day for airlines.
Global airlines stocks plunged on Monday as coronavirus accelerated its spread around Italy, where the virus has infected 220 and killed seven.
American Airlines has announced two new seasonal services to New Zealand, with Dallas/Fort Worth-Auckland and Los Angeles-Christchurch nonstop flights to begin in October 2020. The new routes were launched on Monday (US time), some four months after the United States Department of Transportation (DOT) approved an expanded partnership between American and Qantas. The green light
American Airlines says it expects the grounding of the Boeing 737 MAX to have a US$540 million impact on pre-tax profit in calendar 2019 after posting a double-digit improvement in third quarter net profit. The airline reported net income, or net profit, of US$425 million for the three months to September 30 2019, up 14.2
American Airlines says it expects to resume flying its fleet of currently grounded Boeing 737 MAX aircraft from January 16 2020.
Strong travel demand, high load factors and a robust loyalty program have ticked the boxes for American Airlines to deliver a healthy second quarter result.
