Trick or trend; American and Delta both forecast weaker traffic, faster cash burn–when will the market care?

Trick or trend; American and Delta both forecast weaker traffic, faster cash burn–when will the market care?

On Friday American Airlines (AAL) said it it seeing a slowdown in demand because of surging coronavirus cases. (Again.)  And that the company now has a weaker outlook on airline bookings heading into the year-end holidays. The news from American Airlines echoes a similar warning the day before from Delta Air Lines (DAL)