American Airlines Echoes Delta in Warning of Demand Slowdown
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American Airlines Group Inc. is seeing a slowdown in demand because of surging coronavirus cases, signaling a weaker outlook heading into the year-end holidays.
After a strong start for the fourth quarter, a deceleration in net bookings growth began before Thanksgiving and has persisted into this month, American said in a regulatory filing Friday. As a result, the company expects its daily cash consumption to be at the high end of an earlier forecast of $25 million to $30 million.