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.