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American Airlines loss narrows as travel demand picks up By Reuters

© Reuters. FILE PHOTO: First U.S. commercial flight of a Boeing 737 MAX, since regulators lifted a 20-month grounding in November, lands in New York

(Reuters) – American Airlines (NASDAQ:) Group Inc on Thursday reported a smaller quarterly loss as rising vaccination rates prompted more people to opt for air travel.

The company posted a net loss of $1.25 billion, or $1.97 per share, for the first quarter ended March 31, compared with a loss of $2.24 billion, or $5.26 per share, a year earlier.

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