American Airlines swings to loss as coronavirus pandemic creates 'significant challenge' [MarketWatch]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: MarketWatch
American Airlines Group Inc. said Thursday it had a net loss of $2.241 billion, or $5.26 a share, in the first quarter, after earnings of $185 million, or 41 cents a share, in the year-earlier period. The airline said it's adjusted per-share loss came to $2.65, compared with a FactSet consensus for a loss per share of just $2.08. Revenue fell 19.6% to $8.515 billion from $10.584 billion. The FactSet consensus was for revenue of $9.255 billion. "Never before has our airline, or our industry, faced such a significant challenge," Chief Executive Doug Parker said in a statement. Like its rivals, American has been hammered as consumers have stopped flying during the coronavirus pandemic with many states and regions under strict lockdown regimes to prevent the spread of the illness. "We have moved quickly and aggressively to reduce our costs and bolster our liquidity," Parker said. The carrier ended the quarter with $6.8 billion in liquidity, and has access to $10.8 billion in financial ass
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AAL
Earnings
- 7/25/24 - Beat
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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