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American Airlines | 10-Q: Q2 2024 Earnings Report

American Airlines | 10-Q: Q2 2024 Earnings Report

美国航空 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/07/25 07:03

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American Airlines Group reported Q2 2024 total operating revenues of $14.3 billion, up 2% year-over-year, while net income declined 46% to $717 million. Passenger revenue increased 1.7% to $13.2 billion, driven by an 8% capacity growth but offset by a 6.3% decrease in passenger yield. The company's total revenue per available seat mile (TRASM) decreased 5.6% to 19.05 cents.Operating expenses rose 8.9% to $13 billion, primarily due to higher aircraft fuel costs (+12.4% to $3.1 billion) and increased salaries and benefits (+8.7% to $4 billion). Maintenance costs also grew significantly, up 17.6% to $950 million due to increased engine overhauls and repairs. The company maintained strong liquidity of $11.7 billion, including $8.4 billion in unrestricted cash and short-term investments.In July 2024, American Airlines reached a tentative agreement with its flight attendants union representing approximately 27,000 employees. Upon ratification, the agreement would include a one-time payment of approximately $500 million and additional benefit-related provisions. The company also completed several financing transactions in Q2, including amending credit facilities to reduce interest rates and increase available revolving credit capacity to $2.9 billion.
American Airlines Group reported Q2 2024 total operating revenues of $14.3 billion, up 2% year-over-year, while net income declined 46% to $717 million. Passenger revenue increased 1.7% to $13.2 billion, driven by an 8% capacity growth but offset by a 6.3% decrease in passenger yield. The company's total revenue per available seat mile (TRASM) decreased 5.6% to 19.05 cents.Operating expenses rose 8.9% to $13 billion, primarily due to higher aircraft fuel costs (+12.4% to $3.1 billion) and increased salaries and benefits (+8.7% to $4 billion). Maintenance costs also grew significantly, up 17.6% to $950 million due to increased engine overhauls and repairs. The company maintained strong liquidity of $11.7 billion, including $8.4 billion in unrestricted cash and short-term investments.In July 2024, American Airlines reached a tentative agreement with its flight attendants union representing approximately 27,000 employees. Upon ratification, the agreement would include a one-time payment of approximately $500 million and additional benefit-related provisions. The company also completed several financing transactions in Q2, including amending credit facilities to reduce interest rates and increase available revolving credit capacity to $2.9 billion.
美国航空集团报告2024年第二季度总营业收入为143亿,同比增长2%,而净利润下降46%至71700万。客运收入增长1.7%,达到132亿,主要受到8%的运力增长推动,但由于客运收益下降了6.3%而抵消。公司的每可用座位英里总营业收入(TRASM)下降5.6%,至19.05美分。营业费用增长8.9%,达到130亿,主要由于航空燃油成本上涨(+12.4%至31亿)以及工资和福利增加(+8.7%至40亿)。维修成本也显著增长,上涨17.6%至95000万,主要是由于发动机大修和维修增加。公司维持强劲的流动性,达到117亿,其中包括84亿的无条件现金和短期投资。在2024年7月,美国航空与代表约27000名员工的飞行 attendants 工会达成了一项临时协议。经批准后,该协议将包括一次性支付约50000万和额外的福利相关条款。该公司在第二季度还完成了几项融资交易,包括修订信贷设施以降低利率并增加可用的循环信贷额度至29亿。
美国航空集团报告2024年第二季度总营业收入为143亿,同比增长2%,而净利润下降46%至71700万。客运收入增长1.7%,达到132亿,主要受到8%的运力增长推动,但由于客运收益下降了6.3%而抵消。公司的每可用座位英里总营业收入(TRASM)下降5.6%,至19.05美分。营业费用增长8.9%,达到130亿,主要由于航空燃油成本上涨(+12.4%至31亿)以及工资和福利增加(+8.7%至40亿)。维修成本也显著增长,上涨17.6%至95000万,主要是由于发动机大修和维修增加。公司维持强劲的流动性,达到117亿,其中包括84亿的无条件现金和短期投资。在2024年7月,美国航空与代表约27000名员工的飞行 attendants 工会达成了一项临时协议。经批准后,该协议将包括一次性支付约50000万和额外的福利相关条款。该公司在第二季度还完成了几项融资交易,包括修订信贷设施以降低利率并增加可用的循环信贷额度至29亿。
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