{"id":108362,"date":"2021-04-13T12:27:00","date_gmt":"2021-04-13T12:27:00","guid":{"rendered":"https:\/?p=108362"},"modified":"2021-04-14T12:29:08","modified_gmt":"2021-04-14T12:29:08","slug":"american-airlines-cash-flow-turns-positive-in-march","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/04\/american-airlines-cash-flow-turns-positive-in-march.html","title":{"rendered":"American Airlines cash flow turns positive in March."},"content":{"rendered":"\n

American Airlines <\/strong>said on Tuesday it turned cash flow positive in March on an adjusted basis, helped by a recovery in demand for domestic travel.<\/p>\n\n\n\n

See also:<\/strong> American celebrates 40th anniversary its AAdvantage program.<\/a><\/em><\/p>\n\n\n\n

Excluding daily payment of $8 million towards regular debt and severance packages, it was cash flow positive, the company said in a regulatory filing, adding it burned about $4 million of cash per day in March compared with $30 million in the previous quarter, Reuters reported.<\/p>\n\n\n\n

See also: <\/em><\/strong>American Airlines prepares its fleet to meet growing demand.<\/em><\/a><\/p>\n\n\n\n

The U.S. airline expects its average daily cash burn rate for the first three months to be about $27 million per day compared to its previous forecast of $30 million, and end the quarter with about $17.3 billion in total available liquidity.<\/p>\n\n\n\n

The company expects revenue to plunge about 62% compared with the same period in 2019, and to post a loss of about $2.7 billion to $2.8 billion, excluding financial assistance under the U.S. payroll support program for airlines.<\/p>\n\n\n\n

American had previously forecast a revenue decline of between 60% and 65%.<\/p>\n\n\n\n

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