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American Airlines | 8-K: American Airlines and Citi Extend and Expand Co-Branded Card Partnership, Paving the Way for More Customer Benefits and Providing Updated Financial and Operational Guidance Relating to the Fourth Quarter of 2024

American Airlines | 8-K: American Airlines and Citi Extend and Expand Co-Branded Card Partnership, Paving the Way for More Customer Benefits and Providing Updated Financial and Operational Guidance Relating to the Fourth Quarter of 2024

美國航空 | 8-K:美國航空與花旗銀行擴大並延續聯名卡合作,為更多客戶利益鋪平道路,並提供與2024年第四季度相關的最新財務和運營指引
美股SEC公告 ·  12/05 21:04

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On December 5, 2024, American Airlines and Citigroup announced a new agreement making Citi the exclusive issuer of the AAdvantage co-branded credit card portfolio in the U.S. starting January 2026. This 10-year partnership aims to enhance loyalty and rewards offerings for AAdvantage members and Citi cardholders, projecting a 10% annual growth in cash remuneration from co-branded credit cards.For the 12 months ending September 30, 2024, American's cash remuneration from these partnerships was approximately $5.6 billion. The new agreement is expected to increase annual pre-tax income by $1.5 billion as remuneration approaches $10 billion annually.Additionally, American Airlines updated its Q4 2024 financial guidance, expecting TRASM to be flat to up 1% YoY and CASM-ex to rise 5% to 6%. Adjusted earnings per diluted share are projected between $0.55 and $0.75, exceeding prior guidance.
On December 5, 2024, American Airlines and Citigroup announced a new agreement making Citi the exclusive issuer of the AAdvantage co-branded credit card portfolio in the U.S. starting January 2026. This 10-year partnership aims to enhance loyalty and rewards offerings for AAdvantage members and Citi cardholders, projecting a 10% annual growth in cash remuneration from co-branded credit cards.For the 12 months ending September 30, 2024, American's cash remuneration from these partnerships was approximately $5.6 billion. The new agreement is expected to increase annual pre-tax income by $1.5 billion as remuneration approaches $10 billion annually.Additionally, American Airlines updated its Q4 2024 financial guidance, expecting TRASM to be flat to up 1% YoY and CASM-ex to rise 5% to 6%. Adjusted earnings per diluted share are projected between $0.55 and $0.75, exceeding prior guidance.
2024年12月5日,美國航空和花旗集團宣佈了一項新協議,從2026年1月起,花旗成爲AAdvantage聯名信用卡組合在美國的獨家發行商。這項爲期10年的合作伙伴關係旨在增強AAdvantage會員和花旗持卡人的忠誠度和獎勵服務,預計聯名信用卡的現金薪酬每年將增長10%。在截至2024年9月30日的12個月中,美國從這些合作伙伴關係中獲得的現金報酬約爲56億美元。隨着年薪酬接近100億美元,新協議預計將使年度稅前收入增加15億美元。此外,美國航空更新了其2024年第四季度財務指引,預計TraSM將持平至同比增長1%,CASM-ex將增長5%至6%。調整後的攤薄後每股收益預計在0.55美元至0.75美元之間,超過先前的預期。
2024年12月5日,美國航空和花旗集團宣佈了一項新協議,從2026年1月起,花旗成爲AAdvantage聯名信用卡組合在美國的獨家發行商。這項爲期10年的合作伙伴關係旨在增強AAdvantage會員和花旗持卡人的忠誠度和獎勵服務,預計聯名信用卡的現金薪酬每年將增長10%。在截至2024年9月30日的12個月中,美國從這些合作伙伴關係中獲得的現金報酬約爲56億美元。隨着年薪酬接近100億美元,新協議預計將使年度稅前收入增加15億美元。此外,美國航空更新了其2024年第四季度財務指引,預計TraSM將持平至同比增長1%,CASM-ex將增長5%至6%。調整後的攤薄後每股收益預計在0.55美元至0.75美元之間,超過先前的預期。
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