American Airlines lost $2.2 billion in the fourth quarter of 2020 as people stayed put in the pandemic, sending the carrier’s revenue plunging by nearly two-thirds from the same period a year ago.

American Airlines predicted that similar revenue trends from late 2020 will carry over into the first three months of 2021.

The results ended a dismal year in which American Airlines Group Inc lost $8.9bn after earning nearly $1.7bn the year before.