American Airlines Projects Q1 Revenue Growth

TL;DR

AAL sees Q1 revenue up 7-9% YoY, capacity up 10%.

AI Summary

American Airlines Group Inc. (AAL) announced on March 12, 2024, that it expects its first quarter 2024 revenue to be up 7-9% compared to the first quarter of 2023. The company also anticipates its first quarter 2024 capacity to be up approximately 10% year-over-year. This update was provided during the J.P. Morgan Industrials Conference.

Why It Matters

This positive revenue outlook suggests strong demand for air travel and could indicate improved financial performance for American Airlines in the near term.

Risk Assessment

Risk Level: low — The filing is a routine business update and does not contain significant negative news or unexpected events.

Key Numbers

• 7-9% — Q1 2024 Revenue Growth Expectation (Compared to Q1 2023)
• 10% — Q1 2024 Capacity Growth Expectation (Year-over-year)

Key Players & Entities

• American Airlines Group Inc. (company) — Filer
• AAL (company) — Ticker Symbol
• March 12, 2024 (date) — Announcement Date
• J.P. Morgan Industrials Conference (event) — Event where update was provided

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share AAL The Nasdaq Glob
• $2.80 — ow expects to pay an average of between $2.80 and $2.90 per gallon of jet fuel 1 (inc
• $2.90 — to pay an average of between $2.80 and $2.90 per gallon of jet fuel 1 (including tax
• $0.15 — prior guidance range of approximately ($0.15) and ($0.35). The Company is reaffirmin
• $0.35 — nce range of approximately ($0.15) and ($0.35). The Company is reaffirming its full-y
• $2.65 — . taxes) ($/gallon) ~ $2.80 to $2.90 ~ $2.65 to $2.85 Adjusted loss per diluted sha
• $2.85 — ($/gallon) ~ $2.80 to $2.90 ~ $2.65 to $2.85 Adjusted loss per diluted share 2 ($/s

Filing Documents

• aal-20240312.htm (8-K) — 52KB
• 0000006201-24-000024.txt ( ) — 230KB
• aal-20240312.xsd (EX-101.SCH) — 2KB
• aal-20240312_def.xml (EX-101.DEF) — 17KB
• aal-20240312_lab.xml (EX-101.LAB) — 29KB
• aal-20240312_pre.xml (EX-101.PRE) — 17KB
• aal-20240312_htm.xml (XML) — 5KB

01. REGULATION FD DISCLOSURE

ITEM 7.01. REGULATION FD DISCLOSURE. On March 12, 2024, American Airlines Group Inc. (the "Company") is presenting information relating to its financial and operational outlook at the 2024 J.P. Morgan Industrials Conference. As previously announced, this presentation will be webcast with the link available at the Company's website at www.aa.com under "Investor Relations." The presentation slides will also be posted to this website. Also on March 12, 2024, the Company provided to investors updated financial and operational guidance relating to the first quarter of 2024. Fuel prices have increased considerably since the Company's initial first-quarter guidance issued on January 25, 2024. The Company now expects to pay an average of between $2.80 and $2.90 per gallon of jet fuel 1 (including taxes) in the first quarter. Based on these updated assumptions related to increased fuel costs, the Company expects its adjusted loss per diluted share 2 to be at the low end of the prior guidance range of approximately ($0.15) and ($0.35). The Company is reaffirming its full-year 2024 guidance. Estimated 1Q 2024 Current Guidance Previous Guidance Available seat miles (vs. 1Q 2023) No change ~ +6.5% to +8.5% TRASM 3 (vs. 1Q 2023) No change ~ -3.5% to -5.5% CASM-ex 4 (vs. 1Q 2023) No change ~ +2% to +4% Average fuel price 1 (incl. taxes) ($/gallon) ~ $2.80 to $2.90 ~ $2.65 to $2.85 Adjusted loss per diluted share 2 ($/share) Low end of prior range ~ ($0.15) to ($0.35) 1 Based on the forward fuel curve as of March 8, 2024. Consumption of ~1.04 to 1.06 billion gallons assumed in 1Q 2024. 2 Adjusted loss per diluted share excludes net special items and is a non-GAAP measure. Adjusted loss per diluted share calculation assumes a diluted share count of 655.7 million for 1Q 2024. Shares outstanding are based upon several estimates and assumptions, including average per share stock price and stock award activity. The number of shares in actual calculations of loss per sh

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines Group Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A MERICAN A IRLINES G ROUP I NC . Date: March 12, 2024 By: /s/ Devon E. May Devon E. May Executive Vice President and Chief Financial Officer Pursuant to the requirements of the Securities Exchange Act of 1934, American Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A MERICAN A IRLINES , I NC . Date: March 12, 2024 By: /s/ Devon E. May Devon E. May Executive Vice President and Chief Financial Officer

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View this 8-K filing on SEC EDGAR