U.S. Airlines Narrow Net Loss in 1st Quarter 2021 from 4th Quarter 2020
Source: US DOT U.S. scheduled passenger airlines reported a first-quarter 2021 after-tax net loss of $4.2 billion and a pre-tax operating loss of $12.7 billion. While these first-quarter losses are the fifth consecutive quarterly losses, the extent of the losses is narrowing. The airlines reduced their losses in the first quarter from the fourth quarter of 2020. The first-quarter after-tax net loss of $4.2 billion was reduced from the fourth-quarter loss of $7.0 billion. The first-quarter pre-tax operating loss of $12.7 billion was increased from the fourth-quarter loss of $9.7 billion. U.S. airline financial reports are filed quarterly with the Bureau of Transportation Statistics (BTS). See the tables that accompany this release on the BTS website for additional first-quarter [...]