AAG(AAL) - 2023 Q4 - Earnings Call Presentation

• • • • • • Completion Factor On-time Departures (%) (%) 98.9 98.8 69.5 69.4 98.2 64.6 ® • New loyalty member accounts • Bookings contribution by distribution technology 20% 31% 45% 80% 69% 55% 4Q 2019 4Q 2022 4Q 2023 Modern Distribution Technology1 Legacy Systems • $11.4 billion total debt1 reduction from peak levels through year-end 2023 • Sizable, high-quality borrowing capacity2 (>$12B) and unencumbered asset base2 (>$5B) • Young fleet allows for lower capex ~ +6.5% to +8.5% ~ Up mid-single digits ~ -3. ...