4Sem.ยท

$AAL (+0,8ย %) | American Airlines Q3'24 Earnings Highlights:


๐Ÿ”น Adj EPS: $0.30 (Est. $0.13) ๐ŸŸข

๐Ÿ”น Revenue: $13.6B (Est. $13.5B) ๐ŸŸข; UP +1.2% YoY

๐Ÿ”น Passenger Revenue: $12.52B (Est. $12.37B) ๐ŸŸข; UP +0.8% YoY

๐Ÿ”น ASMs: 75.67B; UP +3.2% YoY

๐Ÿ”น Load Factor: 86.6% (Est. 84.2%); UP +2.6pp YoY


FY24 Guidance:

๐Ÿ”ธ Raised Adj EPS: $1.35 - $1.60 (Prior: $0.70 - $1.30; Est. $1.22) ๐ŸŸข

๐Ÿ”ธ Adj Operating Margin: 4.5% - 5.5% (Prior: 3.5% - 5.5%)

๐Ÿ”ธ Capacity (ASMs): +5% to +6% YoY

๐Ÿ”ธ TRASM: Revised to "-4% to -3%" (Prior: "-5% to -3%")

๐Ÿ”ธ CASM ex-fuel: +2% to +3% YoY (Prior: +1% to +3% YoY)


Q4 Guidance:

๐Ÿ”ธ Adjusted EPS: $0.25 - $0.50 (Est. $0.30) ๐ŸŸข

๐Ÿ”ธ Capacity (ASMs): +1% to +3% YoY

๐Ÿ”ธ TRASM: -3% to -1%

๐Ÿ”ธ CASM ex-fuel: +4% to +6% YoY


Operational Metrics:

๐Ÿ”น Revenue Passenger Miles (RPMs): 65.50B; UP +6.4% YoY

๐Ÿ”น Passenger Yield: 19.12ยข; DOWN -5.3% YoY

๐Ÿ”น CASM (Cost per ASM): $17.92; DOWN -4.2% YoY

๐Ÿ”น CASM ex-fuel: $13.39; UP +2.8% YoY

๐Ÿ”น Total Aircraft: 1,546; UP +3.1% YoY


Additional Updates:

๐Ÿ”ธ Capex (FY24 and FY25): Lower than prior forecast due to aircraft delivery delays

๐Ÿ”ธ Cash and Liquidity: $11.8B in total available liquidity

๐Ÿ”ธ Debt Reduction: On track to reduce total debt by $15B by 2025

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