US Stock Research Agency (meigushe) news, on October 22, American Airlines announced the third quarter of 2020 earnings.
According to the financial report data, American Airlines' revenue in the third quarter was US$3.173 billion, down 73.4% from US$11.911 billion in the same period last year. The market was expected to be US$2.805 billion; a net loss of US$2.399 billion, and a net profit of US$425 million in the same period last year; Share loss of 4.71 US dollars, earnings per share of 0.96 US dollars in the same period last year.
In terms of other data, American Airlines' available seat mileage (ASM) in the third quarter was 25.562 billion miles, compared with 66.333 billion miles in the same period last year; the passenger load factor in the third quarter was 58.9%, compared with 85.6% in the same period last year. As of the end of the third quarter, the company had a total of 848 aircraft, compared with 940 in the same period last year; the company has approximately $13.6 billion in available liquidity funds.
American Airlines predicts that in the fourth quarter, the company's group-wide passenger traffic will drop by 50% year-on-year, of which long-distance international flight passenger traffic will drop by 75% year-on-year. In addition, the company announced that it will place common stock valued at up to $1 billion.
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Article source: US Stock Research Agency.