American Airlines reported record figures in its latest earnings, with fourth-quarter and full-year revenues of $13.7 billion and $54.2 billion, respectively.
American Airline’s CEO Robert Isom told investors today, “The American Airlines team achieved a number of important objectives in 2024. We continue to run a reliable operation, and we are reengineering the business to build an even more efficient airline. That, coupled with our commercial actions, resulted in strong financial performance in the fourth quarter.”
American’s Q4 and FY 2024 highlights include:
· In the fourth quarter, American ranked second in completion factor and on-time departures among the four largest U.S. carriers.
· Record fourth-quarter revenue of $13.7 billion and record full-year revenue of $54.2 billion.
· Generated $4 billion in full-year operating cash flow and record full-year free cash flow of $2.2 billion
· Announced an exclusive 10-year co-branded credit card partnership with Citi, which is expected to unlock even more value for AAdvantage® co-branded and Citi-branded cardmembers
· Achieved total debt reduction goal of $15 billion from peak levels — a full year ahead of schedule
Despite surpassing previous expectations in its fourth-quarter and full-year earnings, the company anticipates an adjusted loss per diluted share for the first quarter of 2025 to be in the range of ($0.20) to ($0.40). For the full year of 2025, the expected adjusted earnings per diluted share are estimated to fall between $1.70 and $2.70.
Concerning the company’s forecast for 2025, Isom stated, “As we look ahead to this year, American remains well-positioned because of the strength of our network, loyalty and co-branded credit card programs, fleet and operational reliability, and the tremendous work of our team.”
By CEO NA Editorial Staff
