American Airlines sees encouraging demand trend

American Airlines | June 10, 2020

American Airlines sees encouraging demand trend
American Airlines has transported an average of 127,000 passengers daily in June so far, up from a low of 32,000 passengers daily in April, as travellers once again take to the sky while the global coronavirus crisis enters its fourth month. President and chief executive Doug Parker told the Fort Worth-based airline’s shareholders on 10 June that the carrier is encouraged by the recent rise in demand, even though it builds on a very low base.

Spotlight

There has never been a more inspiring time to be an airline financial executive, and the importance of decisions made by airline CFOs has never been bigger. Many of the CFOs’ decisions and concerns are cyclical (e.g., fuel hedging, aircraft leases, forex management and treasury), requiring undivided attention at regular intervals. Other concerns—such as financial processes, which we will focus on in this paper—can be addressed positively and definitely through strategic initiatives.

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AVIATION TECHNOLOGY

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Spotlight

There has never been a more inspiring time to be an airline financial executive, and the importance of decisions made by airline CFOs has never been bigger. Many of the CFOs’ decisions and concerns are cyclical (e.g., fuel hedging, aircraft leases, forex management and treasury), requiring undivided attention at regular intervals. Other concerns—such as financial processes, which we will focus on in this paper—can be addressed positively and definitely through strategic initiatives.