🔹 Revenue: $12.60B (Est. $12.68B) 🔴
🔹 Adj. EPS: ($0.59) (Est. ($0.62)) 🟢
🔹 Passenger Rev: $11.39B (Est. $11.36B) 🟢
🔹 Load Factor: 80.6% (Est. 81.9%) 🔴
🔹 ASM: 69.90B (Est. 69.91B) 🟡
🔸 Withdrew FY guidance due to macro uncertainty
🔸 Previously guided FY25 EPS: $1.70–$2.70
Q2'25 Guidance:
🔹 Adj. EPS: $0.50–$1.00 (Est. $0.96) 🟡
🔹 Revenue: Down 2% to Up 1% YoY
🔹 Adj. Operating Margin: ~+6% to +8.5%
🔹 Capacity: +2% to +4% YoY
🔹 CASM-ex (unit costs ex. fuel): +3% to +5% YoY
Segment:
🔸 Domestic Revenue: $8.13B, -1.6% YoY
🔸 International Revenue: $3.26B, +2.1% YoY
▫ Pacific: +30.2% YoY
▫ Atlantic: -2.7% YoY
▫ Latin America: +0.2% YoY
Operations & Strategy:
🔹 Traffic (RPM): -1.9% YoY
🔹 Total Revenue per ASM: 17.95¢ (+0.7% YoY)
🔹 Operating Margin: -2.2% (Adj: -1.6%)
🔸 Free Cash Flow: $1.7B
🔸 Debt Reduced by $1.2B in Q1; Target: <$35B by FY2027
🔸 Liquidity: $10.8B (cash + credit)
🔸 AAdvantage® enrollments +6% YoY; credit card spend +8% YoY
🔸 Complimentary Wi-Fi for loyalty members launching Jan 2026
🔸 Aircraft count: 1,552 (+2.3% YoY); Total FTEs: 133,100
CEO Commentary:
🔸 “We’re well-positioned for uncertainty thanks to a refreshed fleet and disciplined cost control. Despite headwinds, our strategic investments give us confidence in long-term performance.” — CEO Robert Isom