Strong International Revenue Growth
Atlantic passenger RASM was up 10.5% year over year, and Pacific passenger RASM was up 4.9% on 24.1% more capacity, primarily driven by strength in Japan.
Loyalty Program and Premium Revenue Growth
Loyalty revenues were up 5% year over year, with spending on co-branded credit cards up 8%. Premium revenue increased 3% year over year in the first quarter on 0.3% lower capacity.
Cost Management and Debt Reduction
American Airlines expects more than $750 million of cumulative cost savings by the end of 2025 and ended the first quarter with the lowest net debt level since 2015.
Free Cash Flow and Liquidity
Produced first quarter free cash flow of $1.7 billion and ended the quarter with $10.8 billion of total available liquidity.