The Clap
American Airlines (NASDAQ: AAL) recorded revenues of $13.46 billion, a 13% increase from 2019.
The Deets
The company managed to record a profit of $483 million, showing the resilience of the airline industry.
Despite increased economic pressure and high inflation, travel demand is still high as people have the desire to reconnect post-pandemic.
Why this Matters
Other large airline companies like United Airlines and Delta Airlines predict strong Q3 results, which reiterates the strong demand for travel.
What Now
The company is expecting to return to 95%- 100% of its full capacity in 2023.
