American Airlines Q1 2024 Financial Results

American Airlines Inc. unveiled its first-quarter earnings for 2024, showcasing a marginal revenue decline to $12.6 billion, a 0.2% decrease year-over-year. The airline also reported a net loss of $473 million, widening from a $312 million loss in the same period last year.

Looking Ahead

For the upcoming quarter, American Airlines anticipates an EPS range between $0.50 and $1.00. Notably, the company has decided to withdraw its full-year guidance, awaiting a clearer economic outlook before making further projections.

Leadership's Confidence

CEO Robert Isom expressed unwavering confidence in the team's resilience and strategic investments, emphasizing the airline's capability to thrive in the current economic climate and achieve long-term success.

Following the earnings announcement, the company's shares experienced a slight dip of 0.11%, trading at $9.31 each.