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
The company reported an adjusted EPS of $1.09, down from $1.92 a year ago and above the consensus $1.05.American Airlines Group Inc. (NASDAQ:AAL) reported second-quarter 2024 financial results and lowered its 2024 EPS outlook.
美國航空集團公司（NASDAQ：AAL）報告了2024年第二季度財務業績，並下調了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.
該航空公司報告稱，第二季度總營業收入同比增長2％，達到1433.4億美元，低於共識的1436億美元。
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.
經調整的營業利潤率在第二季度保持在9.7％，而去年同期爲15.4％。營業費用同比增長8.9％至129.5億美元。
The company reported an adjusted EPS of $1.09, down from $1.92 a year ago and above the consensus $1.05.
該公司報告的調整後每股收益爲1.09美元，低於去年同期的1.92美元，高於共識的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.
該公司在第二季度創造了大約11億美元的營業現金流和約8500萬美元的自由現金流。
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.
美國航空公司以約117億美元的總流動性結束了本季度，並在第二季度將總負債減少了近6.8億美元。截至2025年底，公司已經完成了總負債1,500億美元的目標的超過130億美元，或約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%.
乘客運輸量增加了8.5％，可用座位里程（ASM）增加了8％，該季度客座率爲86.6％，去年同期爲86.2％。該季度每可用座位里程總收入下降了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%.
包括相關稅款在內的平均飛機燃料價格（每加侖美元）同比上漲3.3％至2.7美元，每可用座英里的運營成本同比增加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.
美國航空公司首席執行官羅伯特·艾索姆（Robert Isom）評論說：“美國擁有一支旨在取得業績的艦隊、網絡和產品，但在第二季度，由於我們之前的銷售和分銷策略以及國內供求不平衡，我們未能達到最初的預期。”
Third-quarter Guidance: American Airlines expects adjusted EPS to be ~breakeven and adjusted operating margin of ~ 2% to 4%.
第三季度預期：美國航空公司預計調整後每股收益約爲保持平衡，調整後營業利潤率約爲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%.
總產能預計將增加2％至4％，TRASm將下降2.5％至4.5％，而CASm-ex將增加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年預期：美國現在預期每股收益爲0.70美元至1.30美元（之前的2.25美元至3.25美元），而共識爲1.81美元。它預計2024年營業利潤率爲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：截至週四最後時刻，AAL股價上漲2.41％，股價爲10.42美元。
Photo via Shutterstock
圖片來自shutterstock。