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.