Doug Parker

“Our third quarter started out very strong. Our domestic business revenue, which declined from 27% of our 2019 levels in March to 52% in June, jumped even more in July to 64%, as companies began to return to work and employees began to return to the skies.”

“This morning, American reported a second quarter net profit of $19 million. Excluding net special items, it was a net loss of $1.1 billion. This loss, while large, is the smallest we've had since the start of the pandemic as demand for air travel has improved significantly throughout the quarter.”

“This morning, we reported a first quarter pretax loss, excluding net special items of $3.5 billion. The loss was driven, of course, by the extreme drop in demand for air travel due to the global pandemic.”

“So, look, before I begin my prepared remarks, I want to preemptively state that we will not be commenting nor answering questions on the recent activity in our stock price.”

“So there is no doubt, this continues to be an unprecedented time for our entire industry, our team, and our customers. At American, we continue to take actions so we can manage this pandemic and position our airline for success when demand returns.”