American Airlines posts full year airline profit


American Airlines posts full year airline profit

Saturday, 27 Jan, 2023 0

American Airlines reported full-year 2022 financial results with an airline profit of $803 million.

American and i regional partners operated more than 475,000 flights in the fourth quarter.

The average load factor was 83.9%.

American posted Q4 revenues of $13.2 billion, which was its highest ever.

This was despite flying 6% less capacity compared to 2019.

It also produced record full year revenues of $49 billion.

“The team produced outstanding results over the past year,” said American’s CEO Robert Isom.

“We committed to running a reliable operation and returning to profitability, and our team is delivering on both.”

AA ended the year with $12 billion of total available liquidity

Debt2 reduction continues to be a top priority, the company said.



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