American Airlines has reported a 53% decline in first-quarter 2021 revenue of $4.0 billion, with a 39% year-over-year reduction in capacity measured in total available seat miles (ASMs). American posted a first-quarter net loss of $1.3 billion, or a loss of $2.7bn excluding special items. During the quarter, the airline has raised $10 billion through debt offering backed by the AAdvantage program and used a portion of the proceeds to prepay in full the secured loan from the U.S. Department of the Treasury. American ended the first quarter with approximately $17.3 billion of total available liquidity. The airline expects to
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