- Wolves' Kilman reunites with Lopetegui at West Ham
- Schmidt reign off to winning start as Australia beat Wales 25-16
- Russian wrestlers reject Olympics invitation
- Raducanu rediscovers Wimbledon 'fun' factor after turbulent spell
- Winning all that matters at Euro 2024 for Mbappe's minimalist France
- Eight dead, two million affected by Bangladesh floods
- Robertson pleased to 'find a way' past England in tough Test baptism
- Martin sets lap record to secure German MotoGP pole
- 'Shattered' Germany set sights on World Cup after Euros exit
- Olympic hope Pedersen pulls out of Tour de France
- Djokovic eyes sweet 16 at Wimbledon as Swiatek takes on 'gangster'
- End beckons again for Ronaldo after Portugal Euros KO
- New Zealand edge England 16-15 in tense, brutal first Test
- Turkey take on Dutch in politically charged Euros quarter-final, England face Swiss
- Calling for better ties with West, Iran reformist wins presidency
- Cybercrime groups restructuring after major takedowns: experts
- Activists hail Sierra Leone child marriage ban, urge action on FGM
- Marsch relishing Canada's semi clash with Argentina
- Canada stun Venezuela on penalties to reach Copa semis
- Iran reformist Pezeshkian holds early lead in runoff vote
- Swiatek faces 'gangster' threat, Djokovic feels need for Wimbledon speed
- France holds its breath ahead of uncertain vote
- Starmer begins UK 'rebuild' after landslide election win
- Paris's Moulin Rouge inaugurates new windmill sails ahead of Olympics
- Pan, Rai share halfway lead in PGA John Deere Classic
- 'I was feeling terrible' in debate, Biden says in TV interview
- France coach Deschamps savours ending penalty hoodoo, defends Mbappe
- Thompson bids farewell to Warriors after exit
- Portugal exit Euros with pride, will return stronger: Martinez
- UK's new PM Starmer speaks to world leaders, names top team
- Spain and France to face off in Euros last four, Turkey lament 'unfair' Demiral ban
- Israel says negotiators to hold fresh Gaza truce talks next week
- France beat Portugal on penalties to reach Euro 2024 semi-finals
- Endrick to start for Brazil in Uruguay Copa clash: Dorival
- Heartbreak for Germany fans after dramatic Euros exit
- Beryl heads for Texas after causing damage, no deaths in Mexico
- Nagelsmann laments late penalty decision as hosts Germany exit Euros
- Biden declares he's all in ahead of high-risk TV interview
- Spain team 'is a winning horse', says De la Fuente
- Bows at the ready, Chad villagers battle kidnappings
- Alcaraz mimics Bellingham goal celebration after Wimbledon win
- Olmo hopes Pedri can make speedy return for Euros semi-finalists Spain
- Retiring Kroos hopeful despite Germany's 'bitter' Euros exit
- Southgate turns on English 'entitlement' over claims of easy Euros draw
- Merino extra-time goal sends Spain past Germany to Euro semis
- Koeman demands Dutch silence fervent Turkish fans at Euros
- Brad Pitt at Silverstone for filming of F1 movie
- Raducanu storms into Wimbledon last 16
- California fires spread in July 4 weekend heatwave
- Alcaraz wins five-set Wimbledon thriller as Gauff eases through
American Airlines suffers loss as Omicron clouds outlook
American Airlines reported another quarterly loss Thursday after the latest Covid-19 surge dented demand at the end of the year, but said consumers were booking more trips for the spring.
The big US carrier echoed rivals Delta Air Lines and United Airlines in citing the Omicron wave of Covid-19 as a recent drag that has depressed bookings early in 2022.
But American has seen an uptick in reservations beyond the next 60 days, Chief Executive Doug Parker said.
"It does feel like the consumer has the confidence at being able to travel," Parker said on CNBC, while acknowledging "the results would have been better were it not for Omicron."
The carrier reported a loss of $931 million for the fourth quarter, compared with a $2.2 billion loss in the same three months of 2020.
Revenues more than doubled to $9.4 billion compared with the same period a year earlier. But in October-December 2019, before Covid-19 hit shutting down travel, American had revenues of $11.3 billion.
The latest quarter started buoyantly, with airlines seeing increased bookings as Covid-19 vaccinations became widespread and most of the US economy reopened.
But hopes dimmed as the Omicron variant surfaced as a major worry, delaying an industry comeback, especially in highly profitable business travel.
"Over the past year, we have experienced periods of high travel demand countered by periods of decreased demand due to new Covid-19 variants," Parker said in a statement.
"This volatility has created the most challenging planning environment in the history of commercial aviation."
American's forecast implies lower-priced leisure travel will remain a disproportionately large share of its travel volume.
The airline projected first-quarter capacity would be down eight to 10 percent from pre-pandemic levels, while revenues would be off 20 to 22 percent.
The company's share price rose 1.2 percent to $17.52 in pre-market trading.
V.Dantas--PC