The Oklahoman

American Airlines expects to post 3Q profit on federal aid


American Airlines expects to ramp up for the holidays and operate a busier schedule than it flew during the peak summer vacation season.

The airline said Tuesday that it will operate more than 6,100 flights on the busiest days around the holidays.

American gave the outlook in a regulatory filing in which it also said it expects to post a profit in the third quarter due to federal pandemic relief. The airline expects a loss of $620 million to $675 million excluding the federal help.

The airline said third-quarter revenue will be down about 25% from the same period in 2019. That is a slightly better than American’s previous forecast of a decline between 24% to 28% compared with two years ago.

Airlines measure passenger-carrying capacity by multiplyin­g the number of seats by the miles flown. By that measure, American flew 61.1 billion seat miles in the third quarter. It expects to fly 62.2 billion seat miles in the fourth quarter.

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