American Airlines reports smaller loss as pickup in travel offsets Omicron blip By Reuters


© Reuters. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake/File Photo

(Reuters) – American Airlines (NASDAQ:) Group Inc reported a smaller adjusted first-quarter loss on Thursday, as a strong pickup in travel in March helped offset a blip in January caused by the Omicron variant of COVID-19.

The Fort Worth, Texas-based airline reported an adjusted loss of $1.51 billion, or $2.32 per share, for the quarter ended March 31, compared with a loss of $2.74 billion, or $4.32 per share, a year earlier.

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