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Bond Market News
American Airlines Expects Smaller Loss in Q3 on Improved Travel
October 13, 2021
American Airlines expects a smaller than expected loss between $620-675mn in Q3 this year on the back of improved travel bookings, expecting increased holiday demand and lifting of travel bans ahead of the winter holidays. Analysts expect a loss of $720mn The carrier said, it is “planning for a robust peak travel period in the fourth quarter.” Revenues for the quarter are expected to fall 25% vs. 2019 while previously projecting a fall up to 28%.
American’s bonds were stable with its 5.75% 2029s at 107.83, yielding 4.52%.
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