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Aviation

U.S. Airlines Narrow Net Loss in 1st Quarter 2021 from 4th Quarter 2020

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...