"We produced record first-quarter revenues of $12.6 billion. Business travel has continued to recover with particular strength in small and medium-sized businesses." - Robert Isom, CEO
— Robert Isom
03Detailed Report
AAL
American Airlines Group Inc
Period
Q1 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 20, 2026
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Executive Summary
American Airlines Group Inc (AAL) reported a challenging first quarter for 2024, with an adjusted net loss of $226 million, translating to an adjusted loss of $0.34 per diluted share, primarily attributed to higher fuel costs, which exceeded initial guidance expectations by about $100 million. Despite these challenges, the airline achieved record revenues of $12.6 billion—a 3.1% year-over-year increase—bolstered by the recovery of business travel, particularly from small to medium-sized enterprises. Management remains committed to improving operational reliability and optimizing cost efficiencies moving forward. Positive trends in premium offerings—representing 61% of Q1 revenue—indicate robust demand for enhanced travel experiences, driving company strategies for product investments and customer retention.
Key Performance Indicators
Revenue
Increasing
12.57B
QoQ: -3.77% | YoY: 3.13%
Gross Profit
Decreasing
2.02B
16.08% margin
QoQ: -23.07% | YoY: -13.96%
Operating Income
Increasing
77.00M
QoQ: -88.42% | YoY: 8.45%
Net Income
Decreasing
-312.00M
QoQ: -1 742.11% | YoY: -3 220.00%
EPS
Decreasing
-0.48
QoQ: -1 700.00% | YoY: -2 500.00%
Revenue Trend
Margin Analysis
Financial Highlights
### Revenue and Profitability Analysis
- Revenue: $12.6 billion, up 3.1% YoY, reflecting strong demand recovery in business travel.
- Cost of Revenue: $10.5 billion, leading to a Gross Profit of $2.02 billion (Gross Margin: 16%).
- Operating Income: $77 million (Operating Margin: 0.6%), significantly lower due to increased expenses.
- Net Loss: $312 million (Net Margin: -2.4%), a substantial deterioration against prior fiscal performance.