The company reported $628 million net income, excluding special items, on $14.4 billion in revenue for the second quarter, according to the report.
DALLAS — Fort Worth-based American Airlines reported record quarterly revenue of more than $14 billion in its latest earnings report Thursday.
The company reported $628 million net income, excluding special items, on $14.4 billion in revenue for the second quarter, according to the report. The company’s operating margin was 8% for the quarter and it has around $12 billion in total available liquidity, the report said.
“We remain confident that the actions we have taken over the past several years to refresh our fleet, manage costs and strengthen our balance sheet position us well for the future,” American Airlines CEO Robert Isom said. “The investments we have made toward achieving our revenue potential, including bolstering our network, customer experience and loyalty program, are paying off, and the team remains focused on delivering on our long-term strategy.”
The company attributed the revenues to “faster-than-expected recovery” in leisure-related sales and a “continued strength” in premium cabin demand, particularly on long-haul flights. Also, all of American’s international entities saw positive revenue growth year over year, and Atlantic passenger flights were up 5%.
Americans’ AAdvantage loyalty program accounts are up 7%, according to the report, and spending on the program’s co-branded credit cards is up 6%.