American overcomes Q2 challenges with record revenue
American airlines reported a US$1.1b operating profit for Q2, a period marked by operational disruption, ongoing litigation with mechanics and a capacity shortfall caused by the Boeing 737 Max grounding. CE Doug Parker attributed the strong performance to “revenue driven improvement”. Revenue was up 2.7% year-over-year to $12b – a Q2 record for the carrier – despite the grounding of its 737 Max fleet, weather-related issues and legal action taken against its mechanics union. The carrier has revised its capacity growth to 1.5% for the full-year primarily due to the 737 Max being out of service. That growth rate is about half the rate at which American had hoped to grow prior to the grounding, resulting in upward pressure against unit cost, the airline says. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-26/oneworld/american-overcomes-q2-challenges-with-record-revenue
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American overcomes Q2 challenges with record revenue
American airlines reported a US$1.1b operating profit for Q2, a period marked by operational disruption, ongoing litigation with mechanics and a capacity shortfall caused by the Boeing 737 Max grounding. CE Doug Parker attributed the strong performance to “revenue driven improvement”. Revenue was up 2.7% year-over-year to $12b – a Q2 record for the carrier – despite the grounding of its 737 Max fleet, weather-related issues and legal action taken against its mechanics union. The carrier has revised its capacity growth to 1.5% for the full-year primarily due to the 737 Max being out of service. That growth rate is about half the rate at which American had hoped to grow prior to the grounding, resulting in upward pressure against unit cost, the airline says. <br/>
