American Airlines Posts $2.24 Billion Q1 Loss, Suspends Buybacks and Dividends Amid COVID-19 Groundings [TheStreet.com]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: TheStreet.com
American Airlines Group(AALGet ReportAmerican said its adjusted first quarter loss was pegged at $2.56 per share, compared to a modest 41 cents per share profit last year and a Street consensus forecast of -$2.33 per share. It was the carrier's first quarterly loss since emerging from bankruptcy protection in 2013 Group operating revenues, American said, tumbled 19.5% to $8.515 billion.American said it would suspend all of its shareholder return plans, including buybacks and dividends, as it looks to ease its second quarter daily cash burn rate from $70 million per day to $50 million per day by the end of June.The airline, which said it obtained $10.6 billion in financial assistance through the CARES Act earlier this month, will end the second quarter with around $11 billion in group liquidity."Never before has our airline, or our industry, faced such a significant challenge,' said American Airlines CEO Doug Parker. "True to fashion, the American Airlines team has done a phenomenal jo
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News
- American Airlines offers to double some flight attendants' pay over 5 years as it works to avoid strike [Yahoo! Finance]Yahoo! Finance
- American Airlines Group Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - AALAccesswire
- American Airlines offers to double some flight attendants' pay over 5 years as it works to avoid strike [Fortune]Fortune
- American Airlines Group Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before September 16, 2024 to Discuss Your Rights - AALAccesswire
- AAL Investors Can Lead American Airlines Group Inc Securities Fraud Lawsuit With The Schall Law FirmAccesswire
AAL
Earnings
- 7/25/24 - Beat
AAL
Sec Filings
- 7/25/24 - Form 10-Q
- 7/25/24 - Form 8-K
- 7/15/24 - Form 4
- AAL's page on the SEC website