American Readies Fleet For Expected Surge in Demand

American Airlines Group (NASDAQ: AAL) expects to have most of its fleet airborne in the coming months in response to growing post-pandemic demand.

American and other airlines were hit hard by the pandemic, which caused travel demand to evaporate. But as the vaccine rollout gains pace, the industry is growing more optimistic a rebound is at hand.

The airline in a regulatory filing Monday said, based on anticipated levels of demand, it expects in the months to come to reactivate most of the planes it grounded last year. That would be a stark improvement, as capacity in the first quarter is expected to come in down 45% compared to a year prior.

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Source Fool.com