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?
