Airlines predict travel turnaround this year and more business news

In this June 3, 2016 file photo, an American Airlines passenger jet takes off from Miami International Airport in Miami. American Airlines says a passenger entered the open cockpit of a jet that was preparing to take off in Honduras, and he damaged the plane before crew members and police could stop him. American said Wednesday, Jan. 12, 2022 that the man was arrested. The flight, which was bound for Miami, was delayed several hours until American could fly a replacement plane into Honduras. (AP Photo/Alan Diaz) In this June 3, 2016 file photo, an American Airlines passenger jet takes off from Miami International Airport in Miami. American Airlines says a passenger entered the open cockpit of a jet that was preparing to take off in Honduras, and he damaged the plane before crew members and police could stop him. American said Wednesday, Jan. 12, 2022 that the man was arrested. The flight, which was bound for Miami, was delayed several hours until American could fly a replacement plane into Honduras. (AP Photo/Alan Diaz)

By Wire reports April 21, 2022 4 min read

Airlines predict travel turnaround

American Airlines says the first quarter was difficult, with another large loss, but it expects to turn a profit in the second quarter as more people return to travel. That’s similar to what other airlines are saying, as they plan for a booming summer travel season.

American said Thursday it lost $1.64 billion in the first quarter, which was marred by thousands of flight cancellations, many of them because pilots and flight attendants were out with COVID-19.

But American says March was much better. Revenue is double what it was a year ago, and it’s back to 84% of pre-pandemic levels.

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