American Airlines Doubles Down on Transatlantic Flights
Last year, American Airlines (NASDAQ: AAL) decided to implement deep cuts to its Asia route network, in the face of big losses on various routes from Chicago to East Asia. The carrier has redeployed most of this capacity on new transatlantic routes in 2019.
So far, it looks like that strategy is paying off for the largest U.S. airline. As a result, American Airlines plans to double down on transatlantic growth in 2020. Last week, the carrier announced five new transatlantic routes that will be launched between May and September of next year.
American Airlines has launched a slew of new routes to Europe this year, in an effort to boost the profitability of its long-haul network. In Charlotte, its second-largest hub, the carrier began year-round flights to Munich. However, most of the new service has consisted of seasonal routes.
Source Fool.com
