Three major U.S. airlines announced they will not require current employees to be vaccinated against the coronavirus bucking a precedent set by United Airlines who recently said they would require the shot for their employees.
American Airlines Reports Q2 Profit, Optimistic For Fall ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
The air carrier s revenue comes in lower than what analysts had anticipated.
American Airlines average daily cash burn narrowed to £19.47 million.
American Airlines Group Inc. (NASDAQ: AAL) said on Thursday that it swung to a wider-than-expected loss in the fiscal first quarter as the COVID-19 crisis continued to wreak havoc on demand for air travel. The air carrier’s revenue was lower than what analysts had anticipated, but cash burn continued to show improvement in Q1. Chief Executive Doug Parker said on Thursday:
“Looking forward, with the momentum underway from the first quarter, we see signs of continued recovery in demand.”
American Airlines says about 13,000 employees are at risk of furlough when a United States aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.
“We are nearly five weeks into 2021, and unfortunately, we find ourselves in a situation similar to much of 2020,” Chief Executive Doug Parker and President Robert Isom said in a memo to employees which was also included in a regulatory filing.
The Fort Worth, Texas-based airline furloughed 19,000 workers when a previous round of government payroll support ended on October 1 but recalled them in December after a fresh $15bn injection for the industry through March.