TechLife News

AMERICAN AIRLINES POSTS $2.2 BILLION LOSS DURING PANDEMIC

American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel.

The airline said that revenue fell 19% while costs continued to rise even as the virus spread.

The situation facing the airline industry has grown more dire since

You’re reading a preview, subscribe to read more.

More from TechLife News

TechLife News2 min readIntelligence (AI) & Semantics
Massachusetts Official Warns AI Systems Subject To Consumer Protection, Anti-bias Laws
Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned this week. In an advisory, Attorney General Andr
TechLife News2 min read
Apple CEO Says Company Will ‘Look At’ Manufacturing In Indonesia
Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. “We talked about the president’s desire to see manufacturing in the country, and it’s something that we will l
TechLife News2 min read
Nissan Says It Will Make Next-generation Ev Batteries By Early 2029
Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said this week during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like

Related