US airlines say they've reached a turning point in recovery
ABC News
American Airlines says the first quarter was difficult, with another large loss, but it expects to turn a profit in the second quarter as more people return to travel
DALLAS -- U.S. airlines say they have hit a turning point: After a lousy first quarter, they expect to be profitable as Americans return to travel in the biggest numbers since the start of the pandemic.
American Airlines is the latest carrier to give a rosy outlook for the rest of 2022. American said Thursday that although it lost $1.64 billion in the first quarter, sales hit a record in March, and the company expects to earn a profit in the second quarter.
“Demand is as strong as we have ever seen it,” American CEO Robert Isom told analysts.
Shares of American and other airlines rose in morning trading.
