On October 24, 2024, American Airlines Group Inc. reported its financial results for the third quarter of 2024. The company announced a record third-quarter revenue of $13.6 billion but also a net loss of $149 million, or $0.23 per share. Excluding special items, the net income for the quarter was $205 million, or $0.30 per diluted share. American Airlines led U.S. network carriers in third-quarter completion factor and ended the quarter with $11.8 billion in total available liquidity. The company is on track to reduce its total debt by $15 billion by the end of 2025. Full-year adjusted earnings per share are expected to be between $1.35 and $1.60. The airline has been focusing on running a reliable operation and managing costs, as well as resetting its sales and...Show More

On October 24, 2024, American Airlines Group Inc. reported its financial results for the third quarter of 2024. The company announced a record third-quarter revenue of $13.6 billion but also a net loss of $149 million, or $0.23 per share. Excluding special items, the net income for the quarter was $205 million, or $0.30 per diluted share. American Airlines led U.S. network carriers in third-quarter completion factor and ended the quarter with $11.8 billion in total available liquidity. The company is on track to reduce its total debt by $15 billion by the end of 2025. Full-year adjusted earnings per share are expected to be between $1.35 and $1.60. The airline has been focusing on running a reliable operation and managing costs, as well as resetting its sales and distribution strategy to reengage the business travel community. American Airlines renegotiated contracts with travel agencies and corporate customers, reintroduced Corporate Experience benefits, and increased support for these customers. Despite operational challenges, including a CrowdStrike outage and Hurricanes Debby and Helene, the airline achieved strong operational results. The financial performance exceeded prior guidance, with an increase in revenue and a reduction in total debt by approximately $360 million. The company's investor presentation and update are available on its website, and further financial forecasting details can be found in the investor update furnished with the SEC on Form 8-K.