• ITVI.USA
    15,799.570
    42.680
    0.3%
  • OTRI.USA
    24.420
    0.220
    0.9%
  • OTVI.USA
    15,800.870
    41.790
    0.3%
  • TLT.USA
    2.830
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    3.640
    0.250
    7.4%
  • TSTOPVRPM.CHIATL
    2.680
    -0.160
    -5.6%
  • TSTOPVRPM.DALLAX
    1.450
    -0.060
    -4%
  • TSTOPVRPM.LAXDAL
    3.300
    0.010
    0.3%
  • TSTOPVRPM.PHLCHI
    2.020
    0.040
    2%
  • TSTOPVRPM.LAXSEA
    4.030
    0.130
    3.3%
  • WAIT.USA
    132.000
    7.000
    5.6%
  • ITVI.USA
    15,799.570
    42.680
    0.3%
  • OTRI.USA
    24.420
    0.220
    0.9%
  • OTVI.USA
    15,800.870
    41.790
    0.3%
  • TLT.USA
    2.830
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    3.640
    0.250
    7.4%
  • TSTOPVRPM.CHIATL
    2.680
    -0.160
    -5.6%
  • TSTOPVRPM.DALLAX
    1.450
    -0.060
    -4%
  • TSTOPVRPM.LAXDAL
    3.300
    0.010
    0.3%
  • TSTOPVRPM.PHLCHI
    2.020
    0.040
    2%
  • TSTOPVRPM.LAXSEA
    4.030
    0.130
    3.3%
  • WAIT.USA
    132.000
    7.000
    5.6%
Air CargoAmerican ShipperBusinessCompany earningsFinanceLayoffs and BankruptciesNewsSupply Chains

American Airlines suffers $2.7B Q2 loss from COVID-19

American Airlines (NASDAQ: AAL) posted a $2.7 billion pretax loss for the second quarter, ending June 30, on a nearly $10 billion drop in revenue from last year.

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.

Click for more FreightWaves/American Shipper articles by Chris Gillis.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.

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