Something is happening on the US airlines side American Airlines Group Inc posted a slimmer-than-expected quarterly loss on Thursday and joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic.
"As we look to the year ahead, 2021 will be a year of recovery. While we don’t know exactly when passenger demand will return, as vaccine distribution takes hold and travel restrictions are lifted, we will be ready," American Airlines Chief Executive Doug Parker said.
Shares surged 60% in premarket trading.
MT news wire