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American Airlines sees 90% slump in second-quarter revenue

US Materials 12 June 2020 17:03 (UTC +04:00)
U.S. airline American Airlines Group Inc said on Friday it expects its second quarter revenue to decline 90% compared with a year earlier
American Airlines sees 90% slump in second-quarter revenue

U.S. airline American Airlines Group Inc said on Friday it expects its second quarter revenue to decline 90% compared with a year earlier, Trend reports with reference to Reuters.

The company expects to reduce its cash burn rate to about zero by the end of 2020, as demand conditions continue to improve.

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