Wzhang
2021-04-14
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American Defers 37 Boeing Deliveries as Long as Three Years
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American will also take fourteen 787-8 planes at the end of the next year’s first quarter, instead of this year. Another five of that wide-body aircraft will be converted to the 787-9 version, with shipments delayed until 2023.</p>\n<p>The first-quarter adjusted loss will be $4.29 to $4.41 a share, American said. Analysts had projected $4.05, according to the average of estimates compiled by Bloomberg. Revenue will decline 62% from the same quarter in 2019, before the pandemic decimated travel. The Fort Worth, Texas-based company previously said the drop could reach 65%.</p>\n<p>American’s revenue projection meshed with a similar outlook from United Airlines Holdings Inc. as increased vaccinations against Covid-19 fuel a rebound in domestic flying. International and business demand has fallen as far as 80% below pre-pandemic levels, however.</p>\n<p>The optimism over domestic travel was dealt a blow Tuesday, as U.S. health officials called for an immediate pause in the use of Johnson & Johnson’s vaccine over concerns about blood clots.</p>\n<p>American dropped 2.9% to $22.25 at 11:03 a.m. in New York, with much of the decline spurred by the J&J news. Other carriers and cruise lines declined as well. Boeing rose less than 1% to $251.71.</p>\n<p>American’s first-quarter loss excluding credits linked to federal payroll aid and costs of an employee early retirement program is expected to be as much as $2.8 billion, the carrier said. The airline projected burning an average of $27 million a day in cash for the quarter, compared with previous guidance of $30 million. Its burn rate turned positive in March, excluding debt principal and severance payments.</p>\n<p>(Updates with details on cash consumption in seventh paragraph. A previous version of this story was corrected to indicate that aircraft delivery deferrals weren’t limited to the 737 Max)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Defers 37 Boeing Deliveries as Long as Three Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Defers 37 Boeing Deliveries as Long as Three Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 23:41 GMT+8 <a href=https://finance.yahoo.com/news/american-air-sees-loss-much-121926327.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- American Airlines Group Inc. delayed deliveries of more than three dozen Boeing Co. aircraft and projected a deeper loss than analysts expected as the coronavirus pandemic continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-air-sees-loss-much-121926327.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAL":"美国航空"},"source_url":"https://finance.yahoo.com/news/american-air-sees-loss-much-121926327.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159449161","content_text":"(Bloomberg) -- American Airlines Group Inc. delayed deliveries of more than three dozen Boeing Co. aircraft and projected a deeper loss than analysts expected as the coronavirus pandemic continues to quash corporate and international travel.\nEighteen 737 Max jets that were to be delivered this year and next will be postponed to 2023 and 2024, the carrier said in a regulatory filing Tuesday. American will also take fourteen 787-8 planes at the end of the next year’s first quarter, instead of this year. Another five of that wide-body aircraft will be converted to the 787-9 version, with shipments delayed until 2023.\nThe first-quarter adjusted loss will be $4.29 to $4.41 a share, American said. Analysts had projected $4.05, according to the average of estimates compiled by Bloomberg. Revenue will decline 62% from the same quarter in 2019, before the pandemic decimated travel. The Fort Worth, Texas-based company previously said the drop could reach 65%.\nAmerican’s revenue projection meshed with a similar outlook from United Airlines Holdings Inc. as increased vaccinations against Covid-19 fuel a rebound in domestic flying. International and business demand has fallen as far as 80% below pre-pandemic levels, however.\nThe optimism over domestic travel was dealt a blow Tuesday, as U.S. health officials called for an immediate pause in the use of Johnson & Johnson’s vaccine over concerns about blood clots.\nAmerican dropped 2.9% to $22.25 at 11:03 a.m. in New York, with much of the decline spurred by the J&J news. Other carriers and cruise lines declined as well. Boeing rose less than 1% to $251.71.\nAmerican’s first-quarter loss excluding credits linked to federal payroll aid and costs of an employee early retirement program is expected to be as much as $2.8 billion, the carrier said. The airline projected burning an average of $27 million a day in cash for the quarter, compared with previous guidance of $30 million. Its burn rate turned positive in March, excluding debt principal and severance payments.\n(Updates with details on cash consumption in seventh paragraph. 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