American has announced its third quarter results and fleet updates.
Today, American Airlines has reported its third quarter 2020 results:
- Net loss of $2.4 billion
- In comparison, American reported a $2.1 billion net loss in the second quarter of 2020.
- Passenger revenues fell by 73% to $3.2 billion
Months ago, American Airlines retired its Boeing 757, 767, Embraer 190, CRJ-200, and Airbus A330-300 fleet in response to lower demand. Additionally, American placed its 15 Airbus A330-200s into long-term storage.
Today, American announced it has decided to retire these 15 Airbus A330-200s sitting in long-term storage. This means American has retired all Airbus A330s.
- These 15 aircraft were acquired through the US Airways merger.
- These A330-200s are still relatively new with the oldest being 11.5 years old and the youngest being 6.5 years old. It’ll be interesting to see where these 15 aircraft end up.
- American recently finished installing Premium Economy on these A330-200s. Additionally, one A330-200 received an updated Economy Class.
- Going forward, American’s widebody fleet will consist of Boeing 787s and 777s.
- American is deferring deliveries of 18 737 MAX aircraft scheduled to be delivered in 2021/22 to 2023/24.
- American has entered a sale-leaseback transactions to finance its remaining Airbus A321neo aircraft deliveries in 2021.
With American retiring its entire Airbus A330 fleet, Delta Air Lines will now be the only major operator of widebody Airbus aircraft in the United States.
I’ve flown on American’s A330-200 once and had a good experience, so I’ll miss this aircraft.