AA post strong second quarter earnings

[CorvetteMan]

American Airlines reports second-quarter 2023 financial results

American Airlines Group Inc. today reported its second-quarter 2023 financial results, including: Record quarterly revenue of $14.1 billion, a 4.7% increase year over year. Second-quarter net income of $1.3 billion, or $1.88 per diluted share. Excluding net special items, second-quarter net...

news.aa.com

 

[eolesen]

Interesting that United and Delta both earned more despite American supposedly being biggest...

 

[CorvetteMan]

Interesting that United and Delta both earned more despite American supposedly being biggest...

Did you see they paid down debt in the quarter to the tune of $387 million?

Comparing GAAP Operating Margins
DL - 16.0%
UA - 10.7%
AA - 15.4%

Comparing PRASM
DL - 19.14
UA - 17.68
AA - 18.63

 

[eolesen]

Net revenue is typically calculated before special items, debt and taxes.

 

[WeAAsles]

The Airline Industry is a long game. Unless of course Scientists can figure out how to use transporters to scatter and reconnect our atoms like Star Trek in the near future.

However at this particular moment.

“Because of the strong results, the airline lifted its earnings outlook for 2023: It now expects $3 to $3.75 per share, up from its previous forecast of $2.50 to $3.50”

“Its operating profit margin was 15% – solid, but below the 17% of Delta and United. That’s in large part because American’s network is domestic-orientated, and international routes have the strongest demand”

American Airlines Raises Outlook After Strong Second Quarter Results

American Airlines is performing well, and it expects the strength to continue. The Fort Worth-based Oneworld carrier said on Thursday it generated $14.4

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