American Airlines Reports First Quarter 2024 Financial Results

American Airlines Group Inc. has announced its financial outcomes for the first quarter of 2024, highlighting operational excellence, financial stability, and a strong foundation for future growth. Despite challenges, American Airlines achieved its best first-quarter completion rate to date and improved its mishandled baggage rates compared to last year. Financially, the airline maintained its performance within projected ranges for all operational metrics and reported a first-quarter GAAP operating margin of 0.1%. American continues to focus on strengthening its balance sheet, reducing its total debt by nearly $950 million in this quarter. Looking ahead, American anticipates its adjusted earnings per diluted share for the second quarter of 2024 to range between $1.15 and $1.45, maintaining its forecast for full-year adjusted earnings per share to be between $2.25 and $3.25.

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