American Airlines Sees Returning to Profitability in March, Warns of Higher Costs

American Airlines Sees Returning to Profitability in March, Warns of Higher Costs
A jet from American Eagle, a regional branch of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Va., on Dec. 3, 2021. Chris Helgren/Reuters
Reuters
Updated:

American Airlines Group Inc. on Thursday forecast returning to profitability in March, after reporting a smaller fourth-quarter loss, but said cost pressures would remain elevated this year due to the Omicron coronavirus variant-induced turmoil.

The Texas-based carrier said ticket sales are still not back to pre-Omicron levels, but they are recovering “quickly” after dropping off “considerably” in early December.