While other airlines minimize their spending to conserve cash during the pandemic, American has been accelerating their capital spending to convert planes more quickly to this new standard. This is the wrong product at the wrong time: exactly the moment where there are fewer customers (so planes with more seats are less needed) and customers value space between them most (so reducing space between customers makes no sense).
American is nearly done. They have now sent 200 Boeing 737-800s in for densification. That’s two-thirds of the 737-800 fleet. But it’s far more of the active fleet.