Higher airfares and strong demand for travel pushed American Airlines above pre-pandemic profit levels for the recently finished fourth quarter, the company said Thursday.
Fort Worth-based American Airlines expects to make a profit of $768 to $803 million for the October to December stretch, nearly twice as much as the $414 million it made in the fourth quarter of 2019, the last quarter before the COVID-19 pandemic upended the industry.
It’s the first time American has been able to best pre-pandemic earnings.
