#American Airlines lost $1.6B in first quarter but expects travel demand to pick up
“American Airlines lost $1.6B in first quarter but expects travel demand to pick up” American Airlines lost $1.64 billion in the first quarter, a wider loss than a year ago, but said Thursday that it expects to turn profitable in the spring as travel demand strengthens. The airline’s shares soared 5.7% to 20.59 in midday…