Mixed Earnings Reports for Three Big North Texas Businesses
Chairman and CEO Doug Parker said the airline continues to see signs that demand for tickets is improving. American 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. The airline said it reduced 2021 costs by more than $1.3 billion, including a new round of voluntary buyouts that will result in 1,600 employees leaving the company. Leisure travel within the U.S. has picked up recently, with about 1.4 million travelers going through airports each day this month. Still, that remains about 40% below the pre-pandemic pace ...
Source: nbcdfw.com
