American Airlines Q1 2024 Financial Results

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

Earnings Per Share and Future Outlook

The diluted loss per share stood at $0.72, compared to $0.48 a year earlier. Looking ahead, American Airlines anticipates its second-quarter EPS to range between $0.50 and $1.00. Notably, the company has decided to withdraw its full-year guidance, stating it will refrain from releasing such predictions until the economic outlook becomes more certain.

Leadership's Confidence in Long-Term Success

CEO Robert Isom expressed strong confidence in the airline's resilience and strategic investments, emphasizing the team's ability to navigate current challenges and achieve long-term success. Following the earnings release, the company's shares experienced a slight decline of 0.11%, trading at $9.31 each.