American Airlines Q3 2023 Earnings Report
Key Takeaways
American Airlines reported record third-quarter revenue of approximately $13.5 billion. The company had a GAAP net loss of $545 million, or ($0.83) per diluted share, but excluding net special items, net income was $263 million, or $0.38 per diluted share. The company ended the quarter with approximately $13.5 billion of total available liquidity and reduced total debt by $1.4 billion in the third quarter.
Record third-quarter revenue of approximately $13.5 billion.
GAAP third-quarter net loss of $545 million, or ($0.83) per diluted share. Excluding net special items, third-quarter net income of $263 million, or $0.38 per diluted share.
Record third-quarter completion factor, best among U.S. network carriers.
Ended the third quarter with approximately $13.5 billion of total available liquidity.
American Airlines
American Airlines
American Airlines Revenue by Segment
American Airlines Revenue by Geographic Location
Forward Guidance
The company expects its fourth-quarter 2023 adjusted operating margin to be 2% to 4%. American now expects its full-year 2023 adjusted operating margin to be approximately 7%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income