by Amruth Sundarkumar | Mar 3, 2023 | High Yield Bonds
American Airlines is planning a $15bn debt-cutting plan, as per its CFO Devon May. He said, “What you’re going to see from us over the next decade or so is just a more balanced approach to capital”, adding that he is optimistic about their ability to...
by Amruth Sundarkumar | Jul 22, 2022 | Corporates
American Airlines posted a Q2 net income of $476mn vs $19mn one year prior. It also achieved a record high Q2 revenue of $13.4bn, improving 12.2% from $12bn in 2019 despite flying at 8.5% less capacity. Notably, the airline ended the quarter with $15.6 total available...
by Amruth Sundarkumar | Jan 21, 2022 | Corporates
American Airlines reported improving Q4 results on Thursday with revenues of $9.4bn, 17% lower vs. Q4 2019 but more than double Q4 2020 levels. Net loss for the quarter ended December came in at $931mn vs. $2.18bn in Q4 2020 and a profit of $414mn in Q4 2019. On an...
by Amruth Sundarkumar | Jan 12, 2022 | Corporates, High Yield Bonds
American Airlines has narrowed the fall in its Q4 revenue forecast than previously expected. American Airlines said that it expects revenues to be down 17% vs. pre-pandemic levels, compared with its prior forecast of a 20% fall. However, American expects cost per...
by Amruth Sundarkumar | Oct 13, 2021 | Corporates, High Yield Bonds
American Airlines expects a smaller than expected loss between $620-675mn in Q3 this year on the back of improved travel bookings, expecting increased holiday demand and lifting of travel bans ahead of the winter holidays. Analysts expect a loss of $720mn The carrier...
