American, Southwest, and Alaska are again making gains

Boeing 737 (Photo: Pixabay).
Boeing 737 (Photo: Pixabay).

American, Southwest, and Alaska are again making gains

Boeing 737 (Photo: Pixabay).
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American Airlines was able to fly in a profit of 169 million euros in the third quarter of the current financial year. However, if you subtract the job security assistance received, you would be deep in the red at 641 million US dollars.

CEO Doug Parker assumes that demand will continue to be high in the fourth quarter. Nevertheless, he expects that sales will be around 20 percent below the comparison period “before Corona”. In the third quarter, sales were nine billion US dollars, nine times higher than the same period last year.

Competitor Southwest Airlines reports a profit of 446 million US dollars for the third quarter of the current fiscal year. Sales are said to have increased by 161 percent compared to the same period of the previous year. Compared to Q3 / 2019, revenues were 17 percent lower. The occupancy rate was last at 81 percent.

The Alaska Air Group also reported a return to profitability. For the third quarter of the current fiscal year, it reports a surplus of 194 million US dollars. In the same period last year you had a loss of 431 million US dollars.

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Editor of this article:

Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.
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Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.
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