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Sep 30, 2022
American Airlines Q3 2022 Earnings Report
Reported record quarterly revenue and net income, driven by strong demand and operational performance.
Key Takeaways
American Airlines reported a record quarterly revenue of $13.5 billion, a 13% increase over 2019, despite flying 9.6% less capacity. The company achieved a net income of $483 million, or $0.69 per diluted share. They ended the quarter with $14.3 billion in liquidity and continue to reduce debt.
Third-quarter net income of $483 million, or $0.69 per diluted share.
Record quarterly revenue of $13.5 billion, a 13% increase over the same period in 2019, despite flying 9.6% less capacity.
Ended the third quarter with $14.3 billion of total available liquidity, more than double the total available liquidity at year-end 2019.
Company continues to execute on its plan to pay down approximately $15 billion of total debt by the end of 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Airlines expects its fourth-quarter total revenue to be 11% to 13% higher versus the fourth quarter of 2019 on 5% to 7% lower capacity. The company expects to produce an operating margin of between 5.5% and 7.5% in the fourth quarter. American expects its fourth-quarter 2022 earnings per diluted share to be between $0.50 and $0.70.
Positive Outlook
- Fourth-quarter total revenue to be 11% to 13% higher versus the fourth quarter of 2019
- Demand trends are positive.
- Operating margin between 5.5% and 7.5% in the fourth quarter.
- Fourth-quarter 2022 earnings per diluted share to be between $0.50 and $0.70.
- Matching forward capacity with the resources required to support its operation.
Challenges Ahead
- Fourth quarter capacity will be 5% to 7% lower versus the fourth quarter of 2019
- Current fuel price forecast.
- Impact of special items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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