American Airlines CEO Doug Parker called the second quarter of 2020 “one of the most challenging” in the Fort Worth, Texas-based airline’s history.
“There is much uncertainty ahead, but we remain confident we will emerge from this crisis more agile and more efficient than ever before,” he said in a statement.
Parker said American spent the second quarter shoring up liquidity, conserving cash and focusing on safety.
American’s total revenue for the second quarter reached $1.6 billion, down 86% compared to the prior year. Cargo revenue for the quarter ended at $130 million, falling 41% compared to the same period in 2019.