20.06 -0.31 (-1.52%)
Pre-market: 8:29AM EDT
American Airlines (NASDAQ: AAL) hopes to tap into this demand rebound by restoring most of its pre-pandemic flying by the summer. Air travel demand has increased dramatically over the past two months or so as the COVID-19 vaccination campaign has gained steam. American Airlines and its peers all reported big inflections in their cash flow last month as leisure customers began to book travel for the upcoming peak season.
Airlines are adding international destinations but are worried that requirements for vaccine passports could slow the travel recovery.
American Airlines Co said on Monday it will reduce flights to some destinations in South America because the COVID-19 pandemic has reduced demand. The U.S. airline said it was suspending service to Manaus, Brazil, from Miami until Nov. 2 and delaying the start of service from New York to Santiago until July 2, instead of the planned May 7 start. It will also reduce the frequency of flights to Rio de Janeiro and Sao Paulo in Brazil, and to Lima from some U.S. airports.