DALLAS—American Airlines earned $476 million in the second quarter on record revenue from summer travelers and said Thursday that it expects to remain profitable in the third quarter.
It was American’s first quarterly profit without government pandemic aid in the COVID-19 era.
While revenue from leisure travelers is soaring, so are costs, especially for fuel. That kept quarterly profit 28 percent below the same period in 2019.
American has been more aggressive than its closest rivals in rebuilding its schedule to nearly pre-pandemic levels. It has struggled at times to run that big an operation.
American canceled 4,900 flights in June, more than any other U.S. airline, and scrubbed the highest percentage of its schedule among major U.S. carriers, according to figures from FlightAware. Only Southwest Airlines had more flight delays….