Doug Parker, the carrier’s chief executive, told analysts that the cyclical nature of the airline industry meant there would still be bad years in the future, but these bad years would not see carriers plunge many millions of dollars into the red, as in the past.
The US now has five major carriers: American, Delta, United, Southwest and JetBlue, which are in good financial health following a decade of mergers and, in the case of the big three, substantial restructuring.
AA boss: big losses are a thing of the past
Air
Gary Noakes
24 June 2016
Consolidation and the falling price of oil mean the US’s largest airlines may never suffer annual losses again, the boss of American Airlines has boldly predicted.
Register for free to continue reading
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
