American Airlines Q2 2024 Earnings Report
Key Takeaways
American Airlines reported its second-quarter 2024 financial results, with record quarterly revenue of $14.3 billion. Net income was $717 million, or $1.01 per diluted share. The company is addressing challenges related to its sales and distribution strategy and domestic supply and demand imbalance.
Achieved highest-ever quarterly revenue of $14.3 billion.
Reported second-quarter net income of $717 million, or $1.01 per diluted share.
Generated approximately $1.1 billion in operating cash flow and $850 million in free cash flow during the second quarter.
Reduced total debt by approximately $680 million in the second quarter and is on track to reduce total debt from peak levels by $15 billion by year-end 2025.
American Airlines
American Airlines
American Airlines Revenue by Segment
American Airlines Revenue by Geographic Location
Forward Guidance
American Airlines expects its previous sales and distribution strategy to continue impacting revenue performance and earnings through the remainder of the year. The company expects its third-quarter 2024 adjusted earnings per diluted share to be approximately breakeven. The company now expects its full-year 2024 adjusted earnings per diluted share to be between $0.70 and $1.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income