Airlines stocks lose ground after US talks have not spent money (NASDAQ: AAL)


American Airlines (NASDAQ: AAL) predicts Q2 revenues will drop by about 90% on a 75% reduction in capacity.

Since mid-May, American reports having recorded positive net bookings in each of the seven advanced shopping windows it monitors regularly (1-6 days, 7-13 days, 14-30 days, 31-60 days, 61 – 90 days, 91-150 days and 151-331 days before departure). American believes trends indicate an improvement in passenger demand, although at levels significantly lower than those recorded in the same period last year.

Going forward, the company is targeting zero cash consumption by the end of 2020 as demand conditions continue to improve and cost initiatives continue to gain momentum.

SEC 8-K form

The sector was already evolving higher before the US update, but has since gained altitude. AAL’s actions are up 9.33% premarketing at $ 15.72. Delta Air Lines (NYSE: DAL) presents a 8.13% gain and United Continental (NASDAQ: UAL) is up 10.05%. JetBlue (NASDAQ: JBLU) is 9.27% ​​higher and Alaska Air (NYSE: ALK) is up 7.78%.


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