American Airlines showed resilience with higher than expected earnings and strong operational performance, even as it faced significant weather disruptions and strategic challenges. While revenue fell slightly short due to previous distribution missteps, the company is optimistic about recovering its market share and continuing debt reduction.

Company Guidance

During the American Airlines Group's Third Quarter 2024 Earnings Conference Call, the company reported an adjusted pretax profit of $271 million and an adjusted earnings per share of $0.30, surpassing prior guidance. The revenue was $13.6 billion, up 1.2% year-over-year, with unit revenue down 2% on 3.2% more capacity. Despite operational challenges, including hurricanes and a CrowdStrike outage, American Airlines managed to limit the financial impact to approximately $90 million. The company's loyalty program showed strength, with a 5% increase in loyalty revenues and a 7% increase in co-branded credit card spending. Looking forward, American Airlines expects fourth-quarter TRASM to decline 1% to 3% and aims for a full-year adjusted operating margin of 4.5% to 5.5%. The company plans to deliver low single-digit capacity growth in 2025, focusing on restoring capacity in underutilized markets while continuing its debt reduction efforts, aiming for a $15 billion total debt reduction by the end of 2025.

Higher Than Expected Earnings

American Airlines reported a third quarter adjusted pretax profit of $271 million, with adjusted earnings per diluted share of $0.30, surpassing the guidance issued in July.

Strong Operational Performance

Despite extended periods of difficult weather and supply chain challenges, American Airlines led U.S. network carriers in completion factor in the third quarter, demonstrating strong operational reliability.

Record Third Quarter Revenue

American Airlines produced record third quarter revenue of $13.6 billion, up 1.2% year-over-year, with a unit revenue decrease of only 2% despite a 3.2% increase in capacity.

Debt Reduction Progress

The company is on track to reduce total debt by at least $13 billion from peak levels by the end of the year, with a commitment to reduce $15 billion by year-end 2025.

Strong Premium and Loyalty Revenue

Premium revenue increased by approximately 8% year-over-year on 3% more capacity, with loyalty revenues up approximately 5% year-over-year.

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American Airlines (AAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2024 (Q4)	0.59 / -	0.29	―	―	―
Oct 24, 2024	2024 (Q3)	0.18 / 0.30	0.38	-21.05% (-0.08)
Jul 25, 2024	2024 (Q2)	1.06 / 1.09	1.92	-43.23% (-0.83)
Apr 25, 2024	2024 (Q1)	-0.27 / -0.34	0.05	-780.00% (-0.39)
Jan 25, 2024	2023 (Q4)	0.11 / 0.29	1.17	-75.21% (-0.88)
Oct 19, 2023	2023 (Q3)	0.26 / 0.38	0.69	-44.93% (-0.31)
Jul 20, 2023	2023 (Q2)	1.59 / 1.92	0.76	152.63% (+1.16)
Apr 27, 2023	2023 (Q1)	0.04 / 0.05	-2.32	102.16% (+2.37)
Jan 26, 2023	2022 (Q4)	1.00 / 1.17	-1.42	182.39% (+2.59)
Oct 20, 2022	2022 (Q3)	0.56 / 0.69	-0.99	169.70% (+1.68)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$12.83	$12.78	-0.39%
Jul 25, 2024	$10.17	$10.60	+4.23%
Apr 25, 2024	$13.92	$14.13	+1.51%
Jan 25, 2024	$13.93	$15.36	+10.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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