Most profitable airlines worldwide 2020

In 2020, American Airlines was the second most profitable airline group, generating revenue of only 17.34 billion U.S. dollars. American Airlines is an American airline with headquarters in Fort Worth, Texas.

The most difficult year for the airline industry

As one of the largest airline group in the world, American Airlines reported only 13.5 billion U.S. dollars from its passenger travel segment and one billion U.S. dollars from its loyalty travel segment in 2020. Because of the coronavirus pandemic, the U.S. airline saw only 95.3 million passengers boarding their aircraft, marking one of the worst years in the airline's history. Broken down regionally, the domestic market brought in the most passenger revenue since international travel was restricted.

The U.S. aviation industry was also affected

Due to its geographic size, the United States has a massive air transportation network. With at least one airport in every major city, air transportation occurs continuously. As a result of the coronavirus pandemic, the U.S. airline industry generated only 130.85 billion U.S. dollars in revenue 2020. Because of travel restrictions, the major air carriers in the country boarded only 347.9 million passengers in that year.