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American Air Cautions on Sales While Seeing Bookings Tick Up

  • Customers are ‘confident and making travel plans,’ CEO says
  • Carrier posts smaller loss than expected for fourth quarter
American Airlines planes at Dallas/Fort Worth International Airport near Dallas, Texas.

American Airlines planes at Dallas/Fort Worth International Airport near Dallas, Texas.

Photographer: Patrick T. Fallon/Bloomberg
Updated on

American Airlines Group Inc. reported a smaller fourth-quarter loss than expected and said ticket purchases are starting to recover from the effects of the coronavirus omicron variant, though cautioned that revenue would be weak this quarter. 

The adjusted loss was $1.42 a share, American said in a statement Thursday. Analysts expected $1.48, based on the average of estimates compiled by Bloomberg. Revenue doubled from a year earlier to $9.43 billion, in line with what the carrier projected last week