American Airlines Group Inc. (NASDAQ:AAL) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Scott Long - VP, IR & Corporate Development Robert Isom - CEO Devon May - CFO Stephen Johnson - Vice Chairman David Seymour - Chief Operating Officer, Conference Call Participants Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Jamie Baker - JPMorgan Securities Savanthi Syth - Raymond James Conor Cunningham - Melius Research. Thomas Fitzgerald - TD Cowen Duane Pfennigwerth ...

For the quarter ended June 2024, American Airlines (AAL) reported revenue of $14.33 billion, up 2% over the same period last year. EPS came in at $1.09, compared to $1.92 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $14.42 billion, representing a surprise of -0.60%. The company delivered an EPS surprise of +4.81%, with the consensus EPS estimate being $1.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In American Airlines To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 investing in American Airlines stock or options between January 25, 2024 and May 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional i ...

American Airlines (AAL) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.81%. A quarter ago, it was expected that this world's largest airline would post a loss of $0.28 per share when it actually produced a loss of $0.34, delivering a surprise of -21.43%.Over the last four quarters, ...

An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California.American Airlines is forecasting a drop in unit revenue of as much as 4.5% for the third quarter as high demand failed to make up for an industry-wide glut of flights that have forced airlines to slash fares.The carrier's profit fell 46% during the second quarter even though revenues rose.The carrier has been grappling with an industry-wide oversupply ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to Commission file number 1-8400 American Airlines Group Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiz ...

Financial Performance - American Airlines reported record quarterly revenue of $14.3 billion in Q2 2024, a 2% increase year-over-year[3]. - The net income for the second quarter was $717 million, or $1.01 per diluted share, down 46.4% compared to the previous year[3][16]. - Total operating revenues for Q2 2024 were $14,334 million, an increase from $14,055 million in Q2 2023[27]. - Operating income excluding net special items for Q2 2024 was $1,384 million, a decrease of 36.2% compared to $2,169 million in Q2 2023[27]. - Pre-tax income excluding net special items for Q2 2024 was $1,040 million, down 42.1% from $1,797 million in Q2 2023[29]. - Net income excluding net special items for Q2 2024 was $774 million, a decrease of 43.6% compared to $1,371 million in Q2 2023[29]. - Basic earnings per share excluding net special items for Q2 2024 was $1.18, down from $2.10 in Q2 2023[29]. Cash Flow and Debt Management - The company generated approximately $1.1 billion in operating cash flow and $850 million in free cash flow during the second quarter[3]. - Total debt was reduced by approximately $680 million in Q2 2024, with a goal to decrease total debt by $15 billion by the end of 2025[3][7]. - Net cash provided by operating activities for the first six months of 2024 was $3,308 million, down from $5,096 million in the same period of 2023[33]. - Free cash flow for the first six months of 2024 was calculated as net cash provided by operating activities minus net cash used in investing activities, adjusted for short-term investments and changes in restricted cash[34]. - Free cash flow for the same period was $2,217 million[36]. Operational Metrics - Operating margin for the quarter was reported at 9.7%, both on a GAAP basis and excluding net special items[7]. - Revenue passenger miles increased by 8.5% to 65,144 million for the three months ended June 30, 2024, compared to 60,020 million in 2023[19]. - Passenger load factor improved by 0.4 percentage points to 86.6% for the three months ended June 30, 2024, from 86.2% in 2023[19]. - Cargo ton miles rose by 20.6% to 515 million for the three months ended June 30, 2024, compared to 427 million in 2023[19]. - Domestic revenue passenger miles increased by 8.6% to 43,183 million for the three months ended June 30, 2024, compared to 39,758 million in 2023[22]. - Total international revenue passenger miles increased by 8.4% to 21,961 million for the three months ended June 30, 2024, from 20,262 million in 2023[22]. - Passenger revenue for the Atlantic region increased by 7.0% to $2,019 million for the three months ended June 30, 2024, compared to $1,888 million in 2023[22]. Cost and Expense Management - Total operating expenses for the first six months of 2024 were $25,513 million, compared to $23,644 million in the same period of 2023[33]. - Total operating expenses per ASM for Q2 2024 was 17.21 cents, compared to 17.07 cents in Q2 2023[29]. - Average aircraft fuel price decreased by 5.4% to $2.78 per gallon for the six months ended June 30, 2024, from $2.94 in 2023[19]. - Passenger revenue per ASM decreased by 5.8% to 17.54 cents for the three months ended June 30, 2024, compared to 18.63 cents in 2023[19]. - Total revenue per ASM decreased by 5.6% to 19.05 cents for the three months ended June 30, 2024, from 20.18 cents in 2023[19]. Employee and Operational Growth - Full-time equivalent employees increased by 3.7% to 137,400 at the end of the period compared to 132,500 in 2023[19]. - American Airlines carried 7.2 million customers over the Fourth of July holiday, achieving its largest-ever schedule and best operational performance[6]. Balance Sheet and Assets - Total current assets increased to $14,795 million as of June 30, 2024, compared to $13,572 million at the end of 2023, reflecting a growth of approximately 9%[38]. - Total assets reached $64,125 million as of June 30, 2024, up from $63,058 million at the end of 2023, indicating a growth of about 1.7%[38]. - Current liabilities increased to $24,610 million as of June 30, 2024, compared to $22,062 million at the end of 2023, representing an increase of approximately 11.5%[38]. - Long-term debt and finance leases, net of current maturities, decreased to $27,636 million from $29,270 million, a reduction of about 5.6%[38]. - The loyalty program liability increased to $6,031 million as of June 30, 2024, compared to $5,874 million at the end of 2023, reflecting a growth of approximately 2.7%[38]. - Accumulated other comprehensive loss improved slightly to $(4,858) million from $(4,894) million, indicating a reduction in losses[38]. - Retained deficit decreased to $(7,284) million as of June 30, 2024, from $(7,689) million, showing an improvement of approximately 5.3%[38]. - Total stockholders' deficit improved to $(4,746) million as of June 30, 2024, compared to $(5,202) million at the end of 2023, reflecting a reduction of about 8.7%[38]. Strategic Initiatives - The company is focusing on improving its sales and distribution strategy to enhance customer experience and regain partner trust[2][9]. - American Airlines is expanding AAdvantage Business™ benefits to agencies, allowing companies to earn miles regardless of booking channel[9].

NEW YORK, July 25, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of American Airlines Group Inc. (NASDAQ: AAL).Shareholders who purchased shares of AAL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/american-airlines-loss-submission-form/?id=91988&from=4 CLASS PERIOD: January ...

Core Viewpoint - A securities class action lawsuit has been filed against American Airlines Group Inc. for failing to disclose material information during the class period from January 25, 2024, to May 28, 2024, leading to significant share price decline [1][2]. Summary by Sections Lawsuit Details - The lawsuit alleges that American Airlines and certain executives violated federal securities laws by not disclosing critical information [2]. - On May 28, 2024, the company announced the termination of its Executive Vice President and Chief Commercial Officer, Vasu S. Raja, and reduced its short-term guidance, cutting operating margin by one percentage point and adjusted earnings per share by over 17% due to weak consumer bookings and other factors [2]. Share Price Impact - Following the announcement on May 28, 2024, American Airlines' share price dropped by over 13.5%, from $13.44 to $11.62 per share the next day [3]. ClaimsFiler Information - ClaimsFiler is a service that assists retail investors in recovering funds from securities class action settlements, providing resources for filing claims and legal evaluations [3].