American Airlines Beats Second-Quarter Revenue Estimates as Travel Recovers

American Airlines Beats Second-Quarter Revenue Estimates as Travel Recovers
American Airlines passenger planes crowd a runway, at Tulsa International Airport in Tulsa, Okla., on March 23, 2020. Nick Oxford/Reuters
|Updated:

American Airlines Group beat Wall Street estimates for second-quarter revenue on the back of a recovery in demand as leisure travel rebounds from pandemic lows.

The airline reported positive cash flow in the second quarter for the first time since the COVID-19 pandemic began, reversing a trend of cash burn of about $100 million a day when global travel had ground to a halt.