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As American, Southwest and Alaska airlines all released their second-quarter finances this morning, the bonanza of earnings calls repeated the same theme that’s been present since March: Demand is scarce, and the industry is about to get a whole lot smaller come October.
“This was one of the most challenging quarters in American’s history,” said American Airlines chairman and CEO Doug Parker. “Covid-19 and the resulting shutdown of the U.S. economy have caused severe disruptions to global demand for air travel.”
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