United Kingdom
United States
Asia Pacific
American posts record quarterly revenue
American Airlines Group posted record quarterly revenue of $14.1 billion in Q2.
It marks a 4.7% increase year over year.
It posted a net income of $1.3 billion on a GAAP basis with an operating margin of 15.4%.
Demand was especially high in June, driven by an increase in close-in bookings.
Domestic and short-haul international performed well, AA said.
“Our operation is performing at historically strong levels, and we have worked to refresh our fleet and build a comprehensive global network,” AA CEO Robert Isom said.
It ended the quarter with $14.9 billion of total available liquidity.
American and regional affiliates operated nearly 500,000 flights in the second quarter, with average load factor of 86%.
It operated its largest-ever mainline Memorial Day weekend schedule.
As of end-June, it reduced its total debt by around $9.4 billion from peak levels in mid-2021.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled