AAG(US:AAL)2025-04-24 16:31Financial Performance - First-quarter revenue reached $12.6 billion[7] - The company generated $2.5 billion in first-quarter operating cash flow and $1.7 billion in first-quarter free cash flow[7] - American Airlines ended Q1 2025 with $10.8 billion in total available liquidity[7] - Spend on co-branded credit cards increased by 8% in Q1 2025[25] Profitability Metrics (Non-GAAP) - First-quarter non-GAAP net loss was ($386) million, or ($0.59) per diluted share[8] - Pre-tax loss excluding net special items was ($530) million[8] - Adjusted EBITDAR for the first quarter was $646 million, representing a 5.1% margin[41] Capital Expenditure and Fleet - Total aircraft Capex is projected to be approximately $1.9 billion in 2025[10] - Average annual aircraft Capex is estimated to be ~$2-$2.5 billion from 2025E-2029E[10] Commercial Updates - Indirect revenue channels contributed over $14 billion in annual revenue in 2023[19] - The company expects approximately 2 percentage points sequential improvement in indirect revenue share in Q2 2025[19] Outlook - Q2 2025 total revenue is expected to be ~ (2%) to +1% compared to 2024[26]