FORT WORTH (CBSDFW.COM/AP) — Fort Worth-based American Airlines reported a second-quarter loss of $2.07 billion Thursday, as a result of the coronavirus and drastically reduced air travel demand.

The Fort Worth-based company said it had a loss of $4.82 per share. Losses, adjusted for non-recurring gains, came to $7.82 per share.

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The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $6.75 per share.

“There is much uncertainty ahead, but we remain confident we will emerge from this crisis more agile and more efficient than ever before,” said CEO Doug Parker.

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The travel and hospitality industries have taken a particularly hard hit from the COVID-19 pandemic, and now with a resurgence in cases in Texas and across the country the peak summer travel season continues to be n jeopardy.

The world’s largest airline posted revenue of $1.62 billion in the period, which beat Street forecasts.

American Airlines shares have decreased 60% since the beginning of the year. The stock has decreased 65% in the last 12 months.

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(© Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)