AAL
American Airlines Group Inc
American Airlines Group Inc
$AAL reports strong financial performance in 1Q 2023, with revenue of $14.3 billion and profit-sharing payment to employees
American Airlines Group Inc. reported a strong financial performance in Q1 2023, with revenue of $14.3 billion, up 9% YoY, driven by strong demand in both domestic and international markets. The airline outperformed the industry in on-time departures and completed its best-ever Q1 completion factor. With total liquidity of $14.4 billion, the company aims to reduce total debt to $15 billion by 2025. The airline plans to focus on reliability, profitability, and value creation for its stakeholders. American Airlines looks set to continue its positive financial and operational performance in the upcoming quarters.
4mo ago
$AAL