Reported Q: Q3 2024 Rev YoY: +1.2% EPS YoY: -72.3% Move: -1.84%
American Airlines Group
AAL
$10.11 -1.84%
Exchange NASDAQ Sector Industrials Industry Airlines Airports Air Services
Q3 2024
Published: Oct 24, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AAL

Reported

Report Date

Oct 24, 2024

Quarter Q3 2024

Revenue

13.65B

YoY: +1.2%

EPS

-0.23

YoY: -72.3%

Market Move

-1.84%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $13.65B up 1.2% year-over-year
  • EPS of $-0.23 decreased by 72.3% from previous year
  • Gross margin of 20.4%
  • Net income of -149.00M
  • "Robert Isom emphasized the cooperative efforts during operational disruptions, stating, "My thoughts are with the communities affected by these disasters, and we’ll continue to support recovery efforts."" - Robert Isom, CEO
AAL
American Airlines Group Inc

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Executive Summary

In Q3 2024, American Airlines Group Inc (AAL) reported a mixed financial performance marred by external challenges yet showing signs of resilience. The company recorded a net income of -$149 million, translating to an adjusted earnings per share (EPS) of $0.30 against an estimated impact from operational disruptions totaling around $90 million. Adjusted revenue grew by 1.2% year-over-year to $13.6 billion despite a decrease in total revenue per available seat mile (TRASM) down 2%. Management exhibited a clear commitment to regaining market share and stabilizing revenue, with initiatives focused on restoring relationships with corporate accounts and agencies following prior strategic missteps. For the upcoming quarter, AAL anticipates modest capacity growth and is on track for moderate free cash flow generation, emphasizing a balanced approach to growth and cost management moving forward.

Key Performance Indicators

Revenue
Increasing
13.65B
QoQ: -4.79% | YoY: 1.22%
Gross Profit
Decreasing
2.78B
20.36% margin
QoQ: -20.14% | YoY: -12.44%
Operating Income
Decreasing
89.00M
QoQ: -93.57% | YoY: -139.91%
Net Income
Decreasing
-149.00M
QoQ: -120.78% | YoY: -72.66%
EPS
Decreasing
-0.23
QoQ: -121.10% | YoY: -72.29%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 13,660.00 0.82 +4.6% View
Q3 2024 13,647.00 -0.23 +1.2% View
Q2 2024 14,334.00 1.01 +2.0% View
Q1 2024 12,570.00 -0.48 +3.1% View
Q4 2023 13,062.00 0.03 -1.0% View