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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AAL
News
- 'Senseless crime:' Arizona flight attendant killed during layover in Denver stabbing [USA TODAY]USA TODAY
- American Airlines Group Inc. (NASDAQ: AAL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Veteran American Airlines flight attendant killed in random attack while on a layover in Denver [FOX News]FOX News
- American Airlines Group announces webcast of fourth-quarter and full-year 2024 financial results [Yahoo! Finance]Yahoo! Finance
- Why Are American Airlines (AAL) Shares Soaring Today [Yahoo! Finance]Yahoo! Finance
AAL
Earnings
- 10/24/24 - Beat
AAL
Sec Filings
- 1/10/25 - Form 8-K
- 12/30/24 - Form 4
- 12/27/24 - Form 144
- AAL's page on the SEC website