American Airlines Expects First-Quarter Revenue to Plunge 62% vs 2019

American Airlines Expects First-Quarter Revenue to Plunge 62% vs 2019
An American Airlines flight takes off from Miami, Fla., on Dec. 29, 2020. Marco Bello/Reuters
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American Airlines said on Tuesday it expects its first-quarter revenue to plunge about 62 percent compared with the same period in 2019, and to post a loss of about $2.7 billion to $2.8 billion, excluding the gains from a payroll support program.

The company had previously forecast a decline of between 60 percent and 65 percent.