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American Airlines posts record annual loss on pandemic pain

Jan 28 (Reuters) - American Airlines Group Inc reported an $8.9 billion annual loss on Thursday, its biggest on record, as travel restrictions and lockdowns due to the COVID-19 pandemic ravaged the aviation industry in 2020.

The company posted a net loss of $2.18 billion, or $3.81 per share, for the fourth quarter ended Dec. 31, compared with a profit of $414 million, or 95 cents per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)

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