American Airlines reports $2.4 billion net loss in third quarter, cuts cash burn
American Airlines on Thursday posted another big quarterly loss as the coronavirus pandemic hurt summer travel demand, but the carrier trimmed its cash burn. Revenue dropped 73% in the three months ended Sept. 30 to $3.17 billion from $11.9 billion a year earlier. The carrier swung to a $2.4 billion net loss in the… Read More »