American Airlines expects to “reactivate most of its aircraft in the second quarter” after seeing a major increase in bookings that has brought business back to near pre-pandemic levels.
Fort Worth-based American, which lost more than $8.9 billion last year as the air travel industry reeled from the COVID-19 pandemic, gave a slightly more positive outlook for the spring quarter in a regulatory filing Monday. It said developments with the coronavirus have prompted customers to start looking to travel again.
“However, as infection and hospitalization rates have materially declined and vaccine distribution has increased during the quarter, the company has experienced recent strength in domestic and short-haul international bookings,” the filing said. “As of March 26, the company’s seven-day moving average of its net bookings is approximately 90% of the level experienced in…
