American Airlines profit was down in the second quarter. They’re crowing about record revenue, a lot of that is inflation, and they’re clearly not doing well – profit forecasts were revised downward significantly, and they are now saying they won’t earn anything in the third quarter which is traditionally good. It isn’t winter!
In fact, American Airlines will make money on its co-brand credit cards during the third quarter. That means it will lose money flying airplanes over the summer months. That’s insane.