American Airlines expects to halt cash burn by year-end, shares jump

June 12, 2020 admin Business News Comments Off on American Airlines expects to halt cash burn by year-end, shares jump

American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term liquidity.

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Source:: Reuters – Business News