American Airlines Q2 2021 Earnings Report
Key Takeaways
American Airlines reported a second-quarter net profit of $19 million, with revenue up 87% sequentially from the first quarter of 2021. The company ended the quarter with a record $21.3 billion in total available liquidity and accelerated its deleveraging process.
Reported second-quarter net profit of $19 million, or $0.03 per diluted share.
Second-quarter revenue of $7.5 billion, up 87% sequentially from the first quarter of 2021.
Ended the second quarter with approximately $21.3 billion of total available liquidity, a record for the Company.
Accelerated the deleveraging process with prepayment of $950 million spare parts term loan.
American Airlines
American Airlines
American Airlines Revenue by Geographic Location
Forward Guidance
American Airlines expects its third-quarter capacity to be down approximately 15% to 20% compared to the third quarter of 2019. American expects its third-quarter total revenue to be down approximately 20% versus the third quarter of 2019. The Company also expects its third quarter pre-tax margin excluding net special items will be between negative 3% and negative 7%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income