Strategy

American lightens fleet load in pursuit of liquidity

By 2020-05-01T19:14:00

American Airlines Boeing 787

Source: Max Kingsley-Jones/FlightGlobal

American Airlines is counting on cost-saving fleet retirements and a $4.75 billion US CARES Act loan to boost its liquidity sufficiently to help see it through the next two quarters while waiting for travel demand to revive somewhat during the summer months.

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