American Airlines said that it lost $931 in the last three months of 2021 as the COVID-19 cases have surged once again. Industry executives are hoping for a spring and summer driven by rebounds in corporate and international travel. Fierce winter storms and airline workers calling out sick due to COVID-19 forced tens of thousands of cancellations during one of the year’s busiest travel period. American Airlines, however, has notably performed better than its peers. The cancellations represented 4 percent of American’s schedule as opposed to 9 percent for Southwest, 8 percent for United, and 5 percent for Delta. Revenue is expected to be down 20-22 percent.
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