2 Airline Giants Report Positive Cash Flow in March
Airlines burned through huge sums of cash in the first 12 months of the pandemic. But air travel demand has come roaring back recently, thanks to the accelerating rollout of COVID-19 vaccines and a decline in new case numbers from the peak levels seen a few months ago.
This week, American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) told investors that this resurgence in demand lifted their underlying cash flow into positive territory in March. That's an important step forward for these two massive U.S. airlines.
U.S. air travel demand remains well below pre-pandemic levels, but demand trends have improved rapidly over the past two months.
Source Fool.com
