An American Airlines Boeing 777-300ER plane takes off from Sydney airport in Sydney, Australia, October 28, 2020.
Loren Elliott | Reuters
American Airlines on Thursday posted a profit for the second quarter, getting a shift from federal aid and a raise in travel demand.
The Fort Worth-based carrier reported net income of $ 19 million, for five consecutive quarters of losses, thanks in part a more of $ 1 billion in federal payroll support. Income for the three months ended June 30th have arrived in at $ 7.48 billion, up from just $ 1.6 billion a year before and on of Forecasts from Wall Street analysts as clients return to the skies in droves.
Adjustment for one-time items, the American had a loss of $ 1.1 billion or $ 1.69 such as share.
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