American Airways says August income weaker than anticipated due to Covid

An American Airlines passenger plane approaches landing at LAX during the coronavirus disease (COVID-19) outbreak in Los Angeles, California on April 7, 2021.

Mike Blake | Reuters

American Airlines said on Wednesday that August earnings will be lower than expected due to an increase in Covid Falls Drives Bookings, Newest Carrier To Warn Of The Impact Of Infection On Sales.

“It has been and we expect it will continue to be a very troubled recovery,” said Vasu Raja, American chief revenue officer, speaking at a Raymond James investor conference.

Raja said July revenue was above the airline’s expectations, but the surge in Covid cases resulted in weaker short-term bookings and higher cancellations.

“Given the fluidity of the current demand environment, we are not ready at this point to make any final adjustments to our capacity plans or guidelines,” said Raja.