American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the US$10.55 billion it will receive in federal grants and ...
American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the US$10.55 billion it will receive in federal grants and loans should be"more than sufficient" to cover its financing needs, assuming a gradual recovery in demand by the end of the year.
FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked at Tulsa International Airport in TulsaREUTERS: American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the US$10.55 billion it will receive in federal grants and loans should be"more than sufficient" to cover its financing needs, assuming a gradual recovery in demand by the end of the year.
Parker said the airline has started to see bookings beyond the next 90 days tick up slightly, but noted that it is still difficult to predict when there will be a full recovery in passenger demand that has been hit by the new coronavirus.
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