A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024.American Airlines swung to a loss in the first quarter but its forecast for the current period surpassed analysts' estimates, sending shares roughly 4% higher.American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, largely above the $1.18 analysts compiled by LSEG estimated on ave ...

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 March 31, 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 organi ...

Financial Performance - Record first-quarter revenue of approximately $12.6 billion, representing a 3.1% increase from the previous year[4] - First-quarter net loss of $312 million, or ($0.48) per diluted share; excluding special items, the net loss was $226 million, or ($0.34) per diluted share[2] - Operating income excluding net special items was $77 million, down 83.0% from $451 million in 2023[24] - Net income excluding net special items was reported at $(226) million, compared to $33 million in 2023[26] - Total operating revenues for the first quarter were $12,570 million, an increase from $12,189 million in 2023[24] Cash Flow and Investments - Generated operating cash flow of $2.2 billion and free cash flow of $1.4 billion in the first quarter[2] - Net cash provided by operating activities for Q1 2024 was $2,180 million, a decrease of 34.6% compared to $3,333 million in Q1 2023[28] - Free cash flow for Q1 2024 was $1,370 million, calculated as net cash provided by operating activities minus adjusted net cash used in investing activities of $810 million[33] - The company reported a net cash used in investing activities of $1,516 million for Q1 2024, a decrease of 45.8% from $2,796 million in Q1 2023[28] Debt and Liabilities - Reduced total debt by nearly $950 million, achieving over 80% of the $15 billion debt reduction goal by the end of 2025[6] - Long-term debt and finance leases, net of current maturities, decreased to $28,228 million from $29,270 million, a reduction of 3.6%[36] - The company’s total current liabilities increased to $24,993 million as of March 31, 2024, compared to $22,062 million at the end of 2023, marking an increase of 13.2%[36] Operational Metrics - Passenger revenue miles increased by 10.5% to 57,473 million compared to the same quarter last year[17] - Passenger load factor improved by 1.5 percentage points to 81.5%[17] - Domestic revenue passenger miles increased to 38,812 million, up 8.6% from 35,750 million in 2023[21] - Latin America revenue passenger miles rose to 10,096 million, reflecting a 12.1% increase from 9,008 million in 2023[21] - Total international revenue passenger miles reached 18,661 million, a 14.7% increase compared to 16,264 million in 2023[21] - Passenger load factor for domestic operations improved to 82.4%, up 2.2 percentage points from 80.2% in 2023[21] - Yield per passenger mile decreased to 21.29 cents, down 5.3% from 22.48 cents in 2023[21] Expenses - Operating expenses increased by 6.9% to $12.563 billion, driven by higher salaries and benefits[14] - Total operating expenses were $12,563 million, compared to $11,751 million in 2023[26] - Total operating expenses per available seat mile (CASM) was reported at 17.82 cents, down from 18.08 cents in 2023[26] Future Outlook - The company expects second-quarter 2024 adjusted earnings per diluted share to be between $1.15 and $1.45, and full-year adjusted earnings per diluted share to be between $2.25 and $3.25[7] Asset Management - Current assets increased to $14,542 million as of March 31, 2024, compared to $13,572 million at the end of 2023, reflecting a growth of 7.2%[36] - Total assets reached $64,384 million as of March 31, 2024, an increase of 2.1% from $63,058 million at the end of 2023[36] - Total cash and restricted cash at the end of Q1 2024 was $703 million, up from $584 million at the end of Q1 2023, representing an increase of 20.3%[29] Capital Expenditures - Capital expenditures and aircraft purchase deposits for Q1 2024 amounted to $824 million, compared to $505 million in Q1 2023, indicating a significant increase of 63.4%[28] Operational Efficiency - The company achieved its best-ever first-quarter completion factor and improved mishandled baggage rates year over year[3] - Average aircraft fuel price decreased by 12.8% to $2.86 per gallon[17] Comprehensive Loss - The accumulated other comprehensive loss was reported at $(4,877) million as of March 31, 2024, slightly improved from $(4,894) million at the end of 2023[36]

American Airlines (AAL) , one of the world’s leading airline companies, is set to report first-quarter 2024 results on Apr 25, and as always, market participants are eagerly waiting for the release. Some investors may be deliberating whether to purchase the stock of this airline heavyweight before Thursday or wait for a better entry point.Impressive Price PerformanceDriven by the buoyant scenario with respect to air travel demand, the stock has performed impressively on the bourse of late. The AAL stock has ...

Depending on who you ask, a recession is either right around the corner or the stock market is ready to rattle off a seismic bull run. As always, the answer is likely somewhere in the middle of those two extremes. But due to the uncertainty surrounding the Federal Reserve’s rate cuts, traders are stuck in a holding pattern until more data defines the country's fiscal path.Since bargains become popular when times are uncertain, we’d like to introduce a new weekly segment: Cheap Seats. Every week, we will pro ...

Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. (AAL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because American Airlines is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

We have entered the heart of the 2024 Q1 earnings cycle with a notably stacked earnings schedule on deck for this week. The period has primarily been positive so far, with the big banks’ results not causing any spooks.This week, we’ll hear from American Airlines (AAL) and Southwest Airlines (LUV) . What can investors expect? We can use results from a peer, United Airlines (UAL) , as a small read-through. Let’s take a closer look.United Airlines Concerning headline figures, UAL posted a 71% beat relative to ...

The Zacks Transportation sector is widely diversified. It houses airlines, railroads, shipping and trucking companies to name a few.Improvement in the demand scenario from the pandemic lows is a major positive. The uptick in trading volumes is likely to have aided the performance of transportation companies in the soon-to-be-reported quarter.However, high fuel costs are likely to have hurt the first-quarter performance of transportation companies. Fuel expenses represent a key input cost for any transportat ...

In its upcoming report, American Airlines (AAL) is predicted by Wall Street analysts to post quarterly loss of $0.28 per share, reflecting a decline of 660% compared to the same period last year. Revenues are forecasted to be $12.59 billion, representing a year-over-year increase of 3.3%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

Quite frankly, with so much attention paid to artificial intelligence and cryptocurrencies, there hasn’t been much discussion (relative to prior market cycles) about meme stocks to buy now. However, the practice itself hasn’t gone away.Peruse your favorite social media network and you can find plenty of discussions about coordinated efforts to lift certain ideas. Even better, the discipline has evolved, encompassing far more than troubled video game retailers or cineplex operators facing lean times.While th ...