American Airlines Group Inc. THIRD RTER GIAL ULIS October 23, 2025 d by operating activities less net cash used in investing activities, adjusted for (1) net purchases or sales of short-term investments and (2) chan d of this presentation. The company is unable to reconcile forward-looking free cash flow to GAAP as the nature or amount of items that impact net cash 2 Third-quarter 2025 results met our financial commitments les debt. finance and operating lease liabilities and pension obligations Record thir ...

Core Insights - American Airlines (AAL.US) reported a slight increase in total operating revenue to approximately $13.69 billion, surpassing market expectations of $13.63 billion [1] - The airline adjusted its full-year earnings per share (EPS) forecast to between $0.65 and $0.95, a significant improvement from the previous expectation of a loss of $0.20 to a profit of $0.80 [1] - The company experienced a better-than-expected adjusted EPS loss of $0.17, compared to analysts' average expectation of a loss of $0.28 [1] Group 1: Financial Performance - Total operating revenue for American Airlines reached approximately $13.69 billion, exceeding market expectations [1] - The adjusted EPS loss was reported at $0.17, which was better than the anticipated loss of $0.28 [1] - The airline's full-year adjusted EPS forecast was revised to between $0.65 and $0.95, indicating a positive shift in outlook [1] Group 2: Market Conditions - The airline industry implemented capacity cuts to restore pricing power and protect profit margins following a decline in domestic travel demand earlier in the year [1] - There has been a recovery in domestic travel demand as Americans show resilience to economic uncertainties [1] - High-end service revenue continues to grow, with affluent travelers willing to pay a premium for more comfortable travel experiences [2] Group 3: Industry Trends - The airline industry has increased investments in high-end services post-pandemic, reflecting strong performance in this segment [2] - Southwest Airlines (LUV.US) also reported unexpected profitability, attributed to improved travel booking volumes [2]

Core Insights - American Airlines reported a net loss of $114 million for Q3, which was better than the expected loss of $140 million, attributed to weather delays and cancellations [2][4] - Despite the loss, the airline's revenue of $13.69 billion exceeded analyst expectations of $13.63 billion [2] - The company projects earnings of 45 to 75 cents per share for Q4, significantly higher than the 31 cents forecasted by analysts, and full-year earnings guidance is now between 65 to 95 cents per share, compared to the expected 43 cents [3] Financial Performance - Q3 net loss: $114 million (17 cents per share), compared to a loss of $149 million (23 cents per share) in the same quarter last year [2] - Revenue for Q3: $13.69 billion, slightly above the expected $13.63 billion [2] - Q4 earnings projection: 45 to 75 cents per share, above the analyst estimate of 31 cents [3] - Full-year earnings guidance: 65 to 95 cents per share, compared to the expected 43 cents [3] Market Reaction - Following the positive earnings projections, American Airlines' stock gained 4% in pre-market trading [3] - Year-to-date performance shows American Airlines' stock is down 29%, while Delta is up 1.5% and United shares are largely flat [5] Industry Context - American Airlines' loss contrasts with Delta Air Lines, which reported record revenue and healthy profit margins, and United Airlines, which beat earnings projections but fell short on revenue [4] - Alaska Airlines is also expected to report a loss this quarter, attributed to similar weather issues [4]

get to Phil Leau uh with the CEO of American Airlines as we talked about Robert Im. Hey Phil. >> Hey Joe.Robert, thank you for joining us today. Q3 smaller than expected loss, but there's not a lot to like about that last quarter. What what happened.>> Uh we don't like losses, but I'll I'll tell you July was a miserable month for us operating conditions, but do domestic revenue just didn't show up as we had had hoped. Good news is though is that we've seen sequential improvement. Domestic revenues uh inlect ...

get to Phil Leau uh with the CEO of American Airlines as we talked about Robert Im. Hey Phil. >> Hey Joe.Robert, thank you for joining us today. Q3 smaller than expected loss, but there's not a lot to like about that last quarter. What what happened.>> Uh we don't like losses, but I'll I'll tell you July was a miserable month for us operating conditions, but do domestic revenue just didn't show up as we had had hoped. Good news is though is that we've seen sequential improvement. Domestic revenues uh inlect ...

Core Viewpoint - American Airlines' stock is expected to rise following an increase in the full-year profit outlook, driven by strong demand for premium-seating options [1] Summary by Category Company Performance - The full-year profit outlook for American Airlines has been raised, indicating positive financial performance [1] - Continued strong demand for premium-seating options is a key factor contributing to the improved outlook [1] Market Reaction - The stock of American Airlines is set to rise in response to the updated profit forecast [1]

Core Insights - American Airlines reported a third quarter revenue of $13.7 billion, a slight increase of 0.3% year-over-year, but incurred a loss of $111 million, an improvement from a $149 million loss in the same quarter last year, with a per share loss of 17 cents, better than analysts' expectations of a 27 cents loss [3][6] Financial Performance - The third quarter pre-tax margin was minus 1%, significantly lower than Delta's 9.8% and United's 7.8% [5] - American Airlines expects a fourth quarter profit between 45 cents and 75 cents per share, with full-year adjusted earnings per share projected between 65 cents and 95 cents, and full-year free cash flow anticipated to exceed $1 billion [6] Capacity and Revenue Insights - The airline's domestic capacity was higher than its international capacity, which negatively impacted performance, as domestic revenue did not meet expectations [3][5] - Overall passenger revenue per available seat mile declined by 2.7%, with domestic down 1.6% and international routes showing declines of 6.1% in Latin, 3.8% in Atlantic, and 6.1% in Pacific [7] Strategic Initiatives - American Airlines is focusing on expanding its share of indirect revenue beyond historical levels, which is expected to create significant value for the airline [9] - The number of loyalty accounts grew by 7%, and spending on co-branded credit cards increased by 9%, indicating a positive trend in customer engagement [10] Debt Management - The company ended the third quarter with total debt of $36.8 billion and net debt of $29.9 billion, with plans to reduce total debt to below $35 billion by the end of 2027 [11]

Core Insights - American Airlines has narrowed its loss in the third quarter and anticipates ending the year with greater profitability than previously forecasted by Wall Street [1] Financial Performance - The company reported a reduced loss in the third quarter compared to previous periods, indicating improved financial health [1] - Expectations for year-end profitability are higher than Wall Street's forecasts, suggesting a positive outlook for the company's financial performance [1]

American Airlines just reporting. Phil Bo has those numbers. Phil, good morning.>> Hi, Becky. For the third quarter, American Airlines reporting a smaller than expected loss of 17 cents a share. That compares with the street expecting a loss of 28 cents a share, revenue of 13.69% billion, just a smidge higher than the street.But then when you look at the numbers within the numbers, there was nothing to write home about with this quarter. Due to operational issues and weather in July, they didn't swing to po ...

Group 1 - American Airlines raised its earnings forecast for the year, resulting in a positive market reaction [1] - Southwest Airlines reported record Q3 revenue, indicating strong performance in the airline sector [1] - Delta Air Lines exceeded earnings estimates earlier this month, contributing to a favorable outlook for the airline industry [1] Group 2 - Alaska Air is scheduled to report earnings after the market close, with an earnings call planned for Friday [1] - United Airlines is preparing for its first flight with Starlink, enhancing its service offerings [4]