American Airlines Inc. released its earnings report for the first quarter of 2024 on Thursday, announcing that its revenue reached $12.6 billion, decreasing 0.2% compared to the corresponding quarter a year ago. The airlines' net loss landed at $473 million compared to a loss of $312 million from a year ago. For the three months ending on March 31, the diluted loss per share was $0.72 from a loss of $0.48.
For the second quarter, it expects its EPS to be between $0.50 and $1.00, and it "withdrew its full-year guidance," citing that until the "economic outlook becomes clearer," it will not release this information.
"The resiliency of the American Airlines team, combined with the investments we have made to differentiate our network, product and customer experience, give us extreme confidence in our ability to navigate the current environment and deliver strong results for the long term," CEO Robert Isom noted. The company's share lost 0.11% after the release of the financial results to sell at $9.31 apiece.
