American Airlines 2020 net loss reaches $8.9bn

American Airlines Group has reported a 64% decline in fourth-quarter revenue to $4bn, and a net loss of $2.2bn. The airline posted a full year 2020 net loss of $8.9bn (excluding net special items the loss was $9.5bn). American ended the fourth quarter with approximately $14.3bn of total available liquidity, which is expected to rise to $15bn at the end the first quarter of 2021. “Our fourth-quarter financial results close out the most challenging year in our company’s history,” said American Airlines chairman and CEO Doug Parker. “As we look to the year ahead, 2021 will be a year of