American Airlines Q2 Earnings: Mixed Performance Amid Cost Pressures, Lowers Annual Profit Outlook
American Airlines Q2 Earnings: Mixed Performance Amid Cost Pressures, Lowers Annual Profit Outlook
American Airlines Group Inc. (NASDAQ:AAL) reported second-quarter 2024 financial results and lowered its 2024 EPS outlook.
美国航空集团公司（NASDAQ：AAL）报告了2024年第二季度财务业绩，并下调了2024年每股收益。
The airline reported second quarter total operating revenue growth of 2% year-over-year to $14.334 billion, missing the consensus of $14.36 billion.
该航空公司报告了2024年第二季度总营业收入增长2％同比至1433.4亿美元，低于143.6亿美元的共识。
The adjusted operating margin stood at 9.7% in the second quarter, compared to 15.4% a year ago. Operating expenses increased by 8.9% year over year to $12.95 billion.
经调整的营业利润率在第二季度保持在9.7％，而去年同期为15.4％。营业费用同比增长8.9％至129.5亿美元。
The company reported an adjusted EPS of $1.09, down from $1.92 a year ago and above the consensus $1.05.
该公司报告的调整后每股收益为1.09美元，低于去年同期的1.92美元，高于共识的1.05美元。
In the second quarter, the company generated an operating cash flow of ~$1.1 billion and a free cash flow of ~$850 million.
该公司在第二季度创造了大约11亿美元的营业现金流和约8500万美元的自由现金流。
American Airlines ended the quarter with ~$11.7 billion of total liquidity and reduced its total debt by nearly $680 million in the second quarter. The company is now more than $13 billion, or approximately 87%, toward its goal of reducing total debt by $15 billion by the end of 2025.
美国航空公司以约117亿美元的总流动性结束了本季度，并在第二季度将总负债减少了近6.8亿美元。截至2025年底，公司已经完成了总负债1,500亿美元的目标的超过130亿美元，或约87％。
Revenue passenger miles increased 8.5%, Available seat miles (ASM) was up 8%, and passenger load factor for the quarter was 86.6% compared to 86.2% in the same quarter last year. Total revenue per available seat miles for the quarter declined 5.6%.
客运里程增长了8.5％，可用座位里程（ASM）增长了8％，本季度的客座率为86.6％，而去年同期为86.2％。本季度每可用座英里的总收入下降了5.6％。
The average aircraft fuel price, including related taxes (dollars per gallon), rose 3.3% YoY to $2.70, and the operating cost per ASM increased 0.8%.
包括相关税款在内的平均飞机燃料价格（每加仑美元）同比上涨3.3％至2.7美元，每可用座英里的运营成本同比增加0.8％。
"American has a fleet, network and product built to deliver results, but during the second quarter, we did not perform to our initial expectations due to our prior sales and distribution strategy and an imbalance of domestic supply and demand," commented American's CEO Robert Isom.
美国航空公司首席执行官罗伯特·艾索姆（Robert Isom）评论说：“美国拥有一支旨在取得业绩的舰队、网络和产品，但在第二季度，由于我们之前的销售和分销策略以及国内供求不平衡，我们未能达到最初的预期。”
Third-quarter Guidance: American Airlines expects adjusted EPS to be ~breakeven and adjusted operating margin of ~ 2% to 4%.
第三季度预期：美国航空公司预计调整后每股收益约为保持平衡，调整后营业利润率约为2％至4％。
Total capacity is expected to increase by 2% to 4%, TRASM to decline by 2.5% to 4.5%, and CASM-ex to increase by 1% to 3%.
总产能预计将增加2％至4％，TRASm将下降2.5％至4.5％，而CASm-ex将增加1％至3％。
2024 Guidance: American now expects an adjusted EPS of $0.70 to $1.30 (prior $2.25 to $3.25) versus the consensus of $1.81. It expects 2024 operating margin of 3.5% to 5.5%.
2024年预期：美国现在预期每股收益为0.70美元至1.30美元（之前的2.25美元至3.25美元），而共识为1.81美元。它预计2024年营业利润率为3.5％至5.5％。
Price Action: AAL shares are trading higher by 2.41% at $10.42 at the last check Thursday.
股票行情：截至周四最后时刻，AAL股价上涨2.41％，股价为10.42美元。
Photo via Shutterstock
图片来自shutterstock。