American Airlines reports second-quarter 2023 financial results
Source: American Airlines American Airlines Group Inc. today reported its second-quarter 2023 financial results, including: Record quarterly revenue of $14.1 billion, a 4.7% increase year over year. Second-quarter net income of $1.3 billion, or $1.88 per diluted share. Excluding net special items1, second-quarter net income of $1.4 billion, or $1.92 per diluted share. Generated operating cash flow of $1.8 billion and free cash flow of $1.2 billion in the second quarter. Ended the quarter with $14.9 billion of total available liquidity. Raising full-year adjusted EPS2 guidance to between $3.00 and $3.75 per diluted share. Credit rating upgraded two notches to B+ by Fitch. “It was another fantastic quarter for American, driven by the hard work of our team to deliver [...]