Earnings summaries and quarterly performance for American Airlines Group.
Executive leadership at American Airlines Group.
Robert Isom
Detailed
Chief Executive Officer and President
CEO
Bruce Wark
Detailed
Interim Chief Legal Officer
David Seymour
Detailed
Executive Vice President and Chief Operating Officer
Devon May
Detailed
Executive Vice President and Chief Financial Officer
Steve Johnson
Detailed
Vice Chair and Chief Strategy Officer
Board of directors at American Airlines Group.
Adriane Brown
Detailed
Director
Denise O’Leary
Detailed
Director
Doug Steenland
Detailed
Director
Greg Smith
Detailed
Independent Chairman of the Board
Howard Ungerleider
Detailed
Director
John Cahill
Detailed
Director
Katie Farmer
Detailed
Director
Marty Nesbitt
Detailed
Director
Matt Hart
Detailed
Director
Sue Kronick
Detailed
Director
Vicente Reynal
Detailed
Director
Research analysts who have asked questions during American Airlines Group earnings calls.
Conor Cunningham
Melius Research
6 questions for AAL
Also covers: ABNB, ALGT, ALK +16 more
Jamie Baker
JPMorgan Chase & Co.
6 questions for AAL
Also covers: AER, AL, ALK +6 more
Catherine O'Brien
Goldman Sachs
5 questions for AAL
Also covers: AER, AL, ALGT +7 more
Michael Linenberg
Deutsche Bank
5 questions for AAL
Also covers: ALGT, ALK, AZUL +12 more
Scott Group
Wolfe Research
5 questions for AAL
Also covers: ALGT, ALK, ARCB +35 more
David Vernon
Sanford C. Bernstein & Co., LLC
4 questions for AAL
Also covers: AUR, CNI, CSX +7 more
Duane Pfennigwerth
Evercore ISI
4 questions for AAL
Also covers: ALGT, ALK, CPA +18 more
Andrew Didora
Bank of America
3 questions for AAL
Also covers: ALGT, ALK, DAL +8 more
Savanthi Syth
Raymond James
3 questions for AAL
Also covers: ACHR, ALGT, ALK +15 more
Thomas Fitzgerald
TD Cowen
3 questions for AAL
Also covers: ALGT, ALK, CPA +8 more
Atul Maheswari
UBS Group
2 questions for AAL
Also covers: ALGT, JBLU, ULCC
Dan McKenzie
Seaport Global
2 questions for AAL
Also covers: JBLU, SAVE
Ravi Shanker
Morgan Stanley
2 questions for AAL
Also covers: ALGT, ALK, ARCB +27 more
Sheila Kahyaoglu
Jefferies
2 questions for AAL
Also covers: , BA, BAH +35 more
Stephen Trent
Citigroup Inc.
2 questions for AAL
Also covers: AER, AL, ALK +14 more
Atul Maheshwari
UBS Group AG
1 question for AAL
Also covers: ALGT
Brandon Oglenski
Barclays
1 question for AAL
Also covers: ALGT, ALK, CNI +20 more
Daniel McKenzie
Seaport Global Securities
1 question for AAL
Also covers: ALGT, ALK, AZUL +4 more
Shannon Doherty
Deutsche Bank
1 question for AAL
Also covers: ALK, DAL, JBLU +3 more
Recent press releases and 8-K filings for AAL.
American Airlines Discusses Debt Reduction, Loyalty Program Growth, and 2026 Outlook
AAL
Debt Issuance
New Projects/Investments
Guidance Update
- American Airlines achieved its debt reduction target of $15 billion by the end of 2024, a year early, and aims to reduce total debt below $35 billion by the end of 2027 to reach a 3x net debt to EBITDA ratio and a double B credit rating.
- Remuneration from the loyalty program, including the Citi agreement, is expected to grow from $5.5 billion (for the four quarters ended Q3 2024) to approximately $10 billion by the end of the decade, projected to add an incremental $1.5 billion to earnings (EBIT).
- The company is pursuing a premiumization strategy, planning a 20% total increase in premium seats and a 50% increase in lie-flat seats by 2030, which is anticipated to be a significant profit driver.
- American Airlines continues to focus on cost efficiency, hitting its 2025 cost guide, and expects 2026 to be a strong year with the domestic market acting as a tailwind.
4 days ago
American Airlines CFO Discusses Debt Reduction, Loyalty Program Growth, and 2026 Outlook
AAL
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- American Airlines (AAL) achieved its target of reducing total debt by $15 billion by the end of 2025 a year early in 2024, and has set a new goal to reduce total debt below $35 billion by the end of 2027.
- The company's new agreement with Citi is projected to increase loyalty program remuneration from approximately $5.5 billion (for the four quarters ended Q3 2024) to around $10 billion by the end of the decade, which is expected to improve earnings by $1.5 billion.
- AAL anticipates growing its capacity by about 5% annually, supported by its current order book, and expects to achieve low single-digit unit cost growth. Mainline capacity growth was about 6% from 2023 to 2025, while mainline headcount growth was about 1% over the same period, indicating improved efficiency.
- AAL is making significant investments in premium products, including a 20% total increase in premium seats and a 50% increase in lie-flat seats by 2030, which is expected to be a profit driver.
4 days ago
Alstom Reports Strong First-Half 2025/26 Performance
AAL
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Sales for the first half of fiscal year 2025/26 reached €9,059 million, marking a 7.9% organic increase compared to the same period in the previous fiscal year.
- Adjusted EBIT grew 13% to €580 million, with the Adjusted EBIT margin improving by 50bps to 6.4% compared to H1 2024/25.
- Net profit (Group share) significantly increased to €220 million for H1 2025/26, up from €53 million in the first half of fiscal year 2024/25.
- Orders received totaled €10.5 billion in H1 2025/26, representing a 3% organic decrease, while the backlog stood at €96,122 million as of September 30, 2025.
- Alstom upgraded its FY 2025/26 organic sales outlook to above 5% (from 3-5% previously), while reaffirming its Adjusted EBIT margin around 7% and Free Cash Flow within €200-400 million.
Nov 13, 2025, 5:00 PM
SES Reports Solid 9 Months and Q3 2025 Results Following Intelsat Acquisition
AAL
Earnings
Guidance Update
M&A
- SES reported solid 9 months 2025 financial results, with revenue of €1,747 million (+19.8% year-over-year) and Adjusted EBITDA of €849 million (+11.0% year-over-year), reflecting the full consolidation of Intelsat from July 17, 2025.
- The company provided a FY25 combined financial outlook, expecting revenue in the range of €2.60-2.70 billion and Adjusted EBITDA in the range of €1.17-1.21 billion, with CapEx reduced to €0.6-0.7 billion.
- SES signed €1.4 billion of new business and contract renewals year-to-date 2025, contributing to a total combined gross backlog of €7.1 billion as of September 30, 2025.
- An interim 2025 dividend of €104 million (€0.25 per A-share; €0.10 per B-share) was paid on October 16, 2025, with a final 2025 dividend of at least the same amount expected in April 2026.
Nov 6, 2025, 6:30 AM
American Airlines Announces Job Cuts Amid Operational Challenges
AAL
Layoffs
Profit Warning
New Projects/Investments
- American Airlines is implementing a significant reduction in its corporate workforce, estimated to be between 4% and 5% of its total workforce, primarily affecting mid-management and support roles at its Fort Worth headquarters. Some roles are being transferred offshore to a new operations hub in Hyderabad, India.
- Despite reporting record third-quarter revenue, American Airlines suffered a net loss and a Q3 loss of $0.17 per share. The layoffs are aimed at optimizing performance rather than being directly financially motivated.
- The airline is navigating operational challenges, including a shortage of air traffic controllers, and is shifting its strategy towards becoming a premium full-service carrier by investing in premium business products and operational improvements.
- Financial metrics indicate significant concerns, including a low current ratio (0.54), a quick ratio of 0.42, a debt-to-equity ratio of -9.1, and an Altman Z-Score of 0.72, which signals distress and potential bankruptcy risk within two years.
Nov 4, 2025, 1:27 AM
American Airlines Discusses Q3 2025 Outlook and Long-Term Revenue Strategy
AAL
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- American Airlines anticipates its third quarter 2025 revenue to align with projections, with booking trends showing improvement from July into August, September, and October.
- The company is strategically focused on enhancing revenue performance to address a margin gap, notably through a new exclusive credit card partnership with Citi, which is projected to yield $1.5 billion in EBIT improvement by the end of the decade.
- Ongoing cost efficiency initiatives, including re-engineering the business and procurement efforts, have already resulted in over $500 million in working capital improvements and are expected to contribute an additional 1.5 margin points by the end of 2025.
- Demand for premium products remains robust, and corporate travel is recovering, with the company on track to restore corporate business to Q1 2023 levels by the end of 2025.
- American Airlines expects its third quarter 2025 ASMs to be at the low end of its guidance due to operational challenges, but forecasts increased capacity growth in the fourth quarter of 2025.
Sep 11, 2025, 5:00 PM
American Airlines Provides Business Update at Morgan Stanley Conference
AAL
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- American Airlines is comfortable with its third quarter 2025 revenue guide, noting an improving demand environment with August and September better than July, and October looking better than September.
- The company is focused on closing its margin gap, attributed to historic revenue underperformance, through initiatives including a new exclusive credit card deal with Citi, projected to drive 10% annual growth and contribute $1.5 billion in EBIT improvement by the end of the decade.
- American Airlines continues to drive cost efficiencies, with re-engineering initiatives expected to remove another 1.5 margin points from its cost structure by the end of 2025, and procurement efforts yielding over $500 million in working capital improvements to date.
Sep 11, 2025, 5:00 PM
American Airlines Discusses Q3 Outlook and Revenue Strategy at Morgan Stanley Conference
AAL
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- American Airlines is comfortable with its third quarter revenue guide for 2025, with bookings improving from July through October, and ASMs expected at the low end of the guide. The fourth quarter of 2025 is expected to see more capacity growth.
- The company is shifting its focus to revenue generation, addressing a margin gap that is 100% accounted for by historic revenue underperformance. Key initiatives include a new exclusive credit card deal with Citi, projected to generate $1.5 billion in EBIT improvement by the end of the decade with 10% annual growth , and restoring sales and distribution performance to 2023 levels by the end of 2025.
- American Airlines continues to focus on cost efficiency, with re-engineering initiatives expected to reduce the cost structure by another 1.5 margin points by the end of 2025. Procurement efforts have already resulted in over $500 million in working capital improvements.
Sep 11, 2025, 5:00 PM
American Airlines Provides Business Update at Laguna Conference
AAL
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- American Airlines is comfortable with its third quarter revenue guide, despite slightly fewer ASMs, noting improving demand trends from July through October 2025.
- The company is significantly focused on revenue improvement, including a new exclusive credit card deal with Citi, projected to reach $10 billion in value and $1.5 billion in EBIT improvement by the end of the decade.
- American Airlines continues its focus on cost efficiencies, aiming to remove another 1.5 margin points from its cost structure by the end of 2025, and is actively deploying AI across operations, revenue management, and customer experience.
- Capacity for Q3 2025 is expected at the low end of the ASM guide due to operational challenges in July and early August, with a slight increase in capacity growth anticipated for Q4 2025.
Sep 11, 2025, 5:00 PM
American Airlines Reports Strong Q2 2025 Results
AAL
Earnings
Revenue Acceleration/Inflection
- American Airlines exceeded earnings estimates in Q2 2025, reporting an adjusted EPS of $0.95 and $14.4 billion in revenue.
- The company generated $791 million in free cash flow and reduced its net debt to $29 billion, marking its lowest level since 2015.
- American Airlines anticipates sequential revenue improvement for the remainder of 2025 and expects a full recovery of indirect channel share by the end of 2025, which is projected to boost revenue in 2026.
Jul 28, 2025, 1:47 PM
Quarterly earnings call transcripts for American Airlines Group.
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