American Airlines Q1 2021 Earnings Report
Key Takeaways
American Airlines reported a first-quarter 2021 revenue of $4.0 billion, a net loss of $1.3 billion, and ended the quarter with $17.3 billion in total available liquidity. The company is taking steps to strengthen its business by supporting customers and team members, reducing costs, and improving its liquidity position.
First-quarter revenue was $4.0 billion, down 53% year over year.
First-quarter net loss was $1.3 billion, or ($1.97) per share.
Raised $10 billion through debt offering backed by the AAdvantage program.
Ended the first quarter with approximately $17.3 billion of total available liquidity.
American Airlines
American Airlines
American Airlines Revenue by Segment
American Airlines Revenue by Geographic Location
Forward Guidance
American expects its second-quarter capacity to be down 20 to 25% compared to the second quarter of 2019. The Company expects its second-quarter total revenue to be down approximately 40% versus the second quarter 2019. The Company also expects its second quarter pre-tax margin excluding net special items will be between negative 27% and negative 30%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income