American Airlines posts profit thanks to Federal help

(Fort Worth, TX) -- Federal aid is helping American Airlines turn a profit.  

The Texas-based carrier said it had a 169-million-dollar profit in the third quarter. That's thanks to almost a billion dollars worth of help from the federal government.  

Revenue in the third quarter was just short of nine-billion dollars, but it did beat analyst expectations.

American is looking for fourth quarter revenue to be around 20-percent lower than it was in 2019.


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