- American Airlines expects capacity cuts to continue through February.
- The airline said it is flying less than half of its 2019 schedule this month.
- The carrier and competitors have warned that higher Covid-19 cases and new travel restrictions have further weighed on demand.
The Fort Worth, Texas-based airline is flying about 45% of its 2019 schedule this month, Robert Isom told reporters at Miami International Airport, before the debut of the Boeing 737 Max's first U.S. flight with commercial passengers since it was grounded nearly two years ago.
"We anticipate that's something that will carry on into January and February. We are hopeful that the vaccine will show some promise," he said.
American and its competitors have warned investors in recent weeks that a surge in Covid-19 cases and new travel restrictions have hurt fourth-quarter revenue, despite a spike in travelers around the year-end holidays.