American Airlines Q1 2024 Financial Results Overview

Dallas, TX - American Airlines Inc. unveiled its first-quarter earnings for 2024, revealing a marginal revenue decline of 0.2% to $12.6 billion compared to the same period last year. The airline also reported a net loss of $473 million, a significant increase from the $312 million loss recorded a year earlier.

Earnings Per Share and Future Outlook

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

Leadership's Confidence in Navigating Challenges

"The resilience of our team, coupled with strategic investments in our network, product, and customer experience, positions us well to overcome current challenges and achieve sustainable growth," remarked CEO Robert Isom. Following the earnings announcement, the company's shares experienced a slight downturn, closing at $9.31, a 0.11% decrease.