AA reports wider than expected loss

American Airlines reported a wider-than-expected first-quarter loss and revenue that fell shy, but showed continued improvement in cash burn. Net losses narrowed to $1.25 billion, or $1.97 a share, from $2.24 billion, or $5.26 a share, in the year-ago period. The situation is still critical, however the outlook seems to be better as the reopening continues. Is the rise of this stock ahead of the fundamentals underlying it?

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

More To Explore

Do You Want Full Access to our premium Content?

Subscribe to our patreon