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Page 64 - அமெரிக்கன் விமான நிறுவனங்கள் குழு இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

N Y Tops 2 Million Cases; U S Recovery Advances: Virus Update

N Y Tops 2 Million Cases; U S Recovery Advances: Virus Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

U S stock sink on reports of Biden tax proposals

U S stock sink on reports of Biden tax proposals
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American Airlines Cutting 1,600 Jobs Amid $1 25 Billion Loss

Thousands to Leave American Airlines After Reports of a $1.25 Billion Loss On 4/22/21 at 9:44 AM EDT American Airlines said Thursday that the company lost $1.25 billion in the first quarter and is continuing to cut costs. The airline said it burned through $27 million in cash each day in the quarter, down from $30 million a day in the fourth quarter of 2020. American reduced 2021 costs by more than $1.3 billion, including delaying delivery of new jets and a new round of voluntary buyouts that will result in 1,600 employees leaving the company. We are incredibly proud of the American Airlines team for their continued care of our customers and each other, Chairman and CEO Doug Parker said in a statement. Our team has shown up every day throughout the pandemic and served more customers than any other airline. That focus has served as our inspiration and positions us well as even more customers return to the skies.

American Airlines swings to a wider than expected loss in fiscal Q1

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.”

US STOCKS-U S stocks close down on news of Biden tax

U.S. weekly jobless claims decline further Indexes down: Dow 0.94%, S&P 500 0.92%, Nasdaq 0.94% (Adds Intel earnings) By Herbert Lash NEW YORK, April 22 (Reuters) - U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech s earnings next week. The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress. If it had a chance of passing, we d be down 2,000 points, said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.

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