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American Airlines Posts $169 Million Profit On Taxpayer Help

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American Airlines passenger jets prepare for departure, Wednesday, July 21, 2021, near a terminal at Boston Logan International Airport, in Boston. American Airlines says it earned $169 million in the third quarter, but the delta variant of COVID-19 slowed down its recovery from the pandemic. The third-quarter profit was possible because American got nearly $1 billion in pandemic relief from the federal government. American said Thursday, Oct. 21, 2021, that revenue in the fourth quarter will be down 20% compared with the same period in 2019. (AP Photo/Steven Senne)

(AP) — American Airlines earned $169 million in the third quarter, but the delta variant of COVID-19 slowed down its recovery from the pandemic. The third-quarter profit was possible because American got nearly $1 billion in pandemic relief from the federal government. American said Thursday that revenue in the fourth quarter will be down 20% compared with the same period in 2019. It’s planning to step up its schedule for the winter holidays. American plans to operate more than 6,000 flights a day during peak days in the fourth quarter. That’s more than the average daily flights it ran during the third quarter, which included most of the summer vacation season.

 

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