American Airlines has been struggling financially in recent years. In 2016, the airline reported a net loss of $2.9 billion, compared to a net profit of $1.4 billion in 2015. American Airlines has also been struggling with lower passenger traffic and higher fuel costs.
In the first quarter of 2017, passenger traffic decreased by 2.5%, and the airline has predicted that passenger traffic will decline by another 2% in the second quarter. American Airlines has been trying to reduce costs by cutting back on aircraft maintenance, eliminating routes, and reducing staffing levels. However, these cost-cutting measures have not been successful, and the airline has warned that it may need to declare bankruptcy if it cannot find other ways to reduce its costs.
In conclusion, American Airlines has been struggling financially in recent years and is likely to continue to do so unless it can find other ways to reduce its costs.
