American Airlines Group Inc
- American Airlines Group rose 1.4% to $10.32 after the international carrier issued a cautious outlook for the current quarter, citing lower fares because of overcapacity.
Total operating revenue in the second quarter increased 2% to $14.3 billion from $14.1 billion, net income plunged 46% to $717 million from $1.3 billion, and diluted earnings per share fell to $1.01 from $1.88 a year ago.
The company guided diluted earnings per share in the third quarter to be breakeven and in the full year to range between 70 cents and $1.30.
Jul 25, 2024 - American Airlines Group declined 14.5% to $11.47 after the company said in a regulatory filing that it plans to slow its capacity growth in the second half and that its Chief Commercial Officer, Vasu Raja, will depart the airline in June.
The company lowered its adjusted operating margin guidance by 1 percentage point to between 8.5% and 10.5% from the previous estimate of between 9.5% and 10.5%.
The airline also lowered its fiscal second-quarter adjusted earnings per share to between $1.0 and $1.15 from the previous estimate of between $1.15 and $1.45.
The airline said its capacity growth in the second quarter will slow to 3.5% from 8.5% in the first half of fiscal 2024.
May 29, 2024 - American Airlines Group rose 5.2% to $14.63 after the company reported better-than-expected quarterly results.
Revenue in the first quarter increased 3.1% to $12.6 billion from $12.2 billion; the company swung to a net loss of $312 million compared to a profit of $10 million; and diluted earnings per share were a loss of 48 cents compared to a profit of 2 cents.
The company said it lowered its debt by $950 million in the first quarter, and it is on track to lower its debt by $15 billion by 2025.
The company estimated its adjusted diluted earnings per share for the second quarter between $1.15 and $1.45 and for the full year between $2.25 and $3.25.
Apr 25, 2024 - American Airlines increased 4.3% to $14.53 after the international carrier reported quarterly results.
Total operating revenue in the fourth quarter decreased 1% to $13.0 billion from $13.2 billion, net income plunged to $19 million from $803 million, and diluted earnings per share dropped to 3 cents from $1.14 a year ago.
Full-year revenue surged 7.8% to record $52.8 billion from $48.9 billion, net income jumped to $822 million from $127 million, and diluted earnings per share advanced to $1.21 from 19 cents a year ago.
Passenger load factor in the quarter edged slightly lower to 83.6% from 83.9%, but total revenue per available seat mile declined 6.4% to 17.21 cents from 18.39 cents a year ago, respectively.
Jan 25, 2024 - American Airlines Group Inc increased 2.8% to $11.67 after the company reported record quarterly revenue but swung to a loss.
Revenue in the third quarter edged up 0.1% to $13.5 billion and net income swung to a loss of $545 million from a profit of $483 million and diluted earnings per share was ($0.89) compared to 69 cents a year ago.
The airline is focused on lowering its debt from record high during the height of pandemic disruptions and using the rebound in cash flow to pay down its debt.
American reduced total debt by $1.4 billion in the third quarter and the company is more than 70% of the way to its goal of reducing total debt by $15 billion by the end of 2025.
As of Sept. 30, 2023, American had reduced its total debt by approximately $10.9 billion from peak levels in mid-2021.
The company estimated a fourth quarter adjusted operating margin between 2% and 4% and full-year 2023 margin of 7%.
Oct 19, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.02 | 1.88 | -0.83 | - | - | |
| 2022 | -2.52 | 0.68 | 0.69 | 1.34 | 0.19 | |
| 2021 | -1.97 | 0.03 | 0.25 | -1.44 | -3.09 | |
| 2020 | -5.26 | -4.82 | -4.71 | -3.57 | -18.36 | |
| 2019 | 0.41 | 1.49 | 0.96 | 0.95 | 3.79 | |
| 2018 | 0.34 | 1.22 | 0.74 | 0.73 | 3.03 | |
| 2017 | 0.61 | 1.92 | 1.42 | 0.95 | 4.9 | |
| 2016 | 1.25 | 1.77 | 2.80 | 0.92 | 6.74 | |
| 2015 | 1.73 | 2.62 | 2.77 | 2 | 9.12 | |
| 2014 | 0.65 | 1.17 | 1.28 | 0.83 | 3.93 | |
| 2013 | -1.37 | 0.79 | 1.02 | -6.98 | -6.54 | |
| 2012 | -4.95 | -0.72 | -0.71 | -1.14 | -7.52 | |
| 2011 | -1.31 | -0.85 | -0.48 | -13.19 | -15.83 | |
| 2010 | -1.52 | -0.03 | 0.39 | -0.25 | -1.41 | |
| 2009 | -1.35 | -1.39 | -1.26 | -0.99 | -4.99 | |
| 2008 | -1.37 | -5.83 | 0.12 | -1.08 | -8.16 | |
| 2007 | 0.30 | 1.08 | 0.61 | -0.28 | 1.71 | |
| 2006 | -0.49 | 1.14 | 0.06 | 0.27 | 0.98 | |
| 2005 | -1.00 | 0.30 | -0.93 | -3.55 | -5.18 |