American Airlines Group Inc. reports a first quarter net loss of $1.3 billion
American Airlines Group Inc. today reported its first-quarter 2021 financial results, including: First-quarter revenue of $4.0 billion, down 53% year over year on a 39% year-over-year reduction in total available seat miles (ASMs). First-quarter net loss of $1.3 billion, or ($1.97) per share. Excluding net special items 1, first-quarter net loss was $2.7 billion, or ($4.32) per share. Raised $10 billion through debt offering backed by the AAdvantage program and used a portion of the proceeds to prepay in full the secured loan from the U.S. Department of the Treasury. Ended the first quarter w...