American Airlines shares rose 10.1% in pre-conference trading, as the airline announced a reduction in losses and doubled revenue, while giving strong estimates for sales.
Losses stood at $ 1.64 billion, or $ 2.52 a share, up from $ 1.25 billion, or $ 1.97 a year, a year ago.
Excluding contingencies, adjusted losses per share stood at $ 2.32, compared to estimates for $ 2.39.
Revenue rose 122% to $ 8.90 billion, compared to estimates for $ 8.79 billion, and was 84% ​​higher than the corresponding period of 2019, before the pandemic.
The record revenues of March mark the first time since the pandemic that exceeded the level of 2019.
The load factor improved to 74.4% from 59.5%, as traffic increased 97.2%.
For the second quarter, the company expects the capacity to reach 92% -94% of the level of 2019, and revenues to be higher by 6% -8%.
Source: Capital
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