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Where Does American Airlines Go from Here?

By Austin Hankwitz – Oct 18, 2020 at 9:49AM

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Not too long ago, the airline company was burning through tens of millions in cash daily. How does it survive?

As our domestic and international travel plans continue to be disrupted by the pandemic, we can only imagine how this is impacting the companies that facilitate travel. Before proper cost levers were pulled last quarter, American Airlines (AAL -0.33%) was burning $70M in cash a day. That number is much lower now, but still not low enough to offset its tough loss in revenue.

Will the upcoming stimulus package provide some relief? 

Austin Hankwitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Stocks Mentioned

American Airlines Group Stock Quote
American Airlines Group
AAL
$13.55 (-0.33%) $0.04

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