American Airlines Earnings: Still Treading Water
In recent years, American Airlines Group (NASDAQ: AAL) has been a chronic underperformer within the airline industry. That didn't change during 2020, a year defined by the pandemic.
On Thursday, American reported another quarter of financial results that were weak (albeit slightly better than feared). And while management is touting various actions to cut costs and boost profitability, American Airlines' massive debt load is likely to hobble the company's performance for the foreseeable future.
American generated $4 billion in revenue last quarter and posted an adjusted net loss of $2.2 billion ($3.86 per share). Both metrics were slightly better than analysts' expectations. That said, while American produced the most revenue of any U.S. airline in the fourth quarter, it also lost the most money.
Source Fool.com
