American Airlines Reports Fourth-Quarter and Full-Year 2022 Financial Results
Source: American Airlines American Airlines Group Inc. reported its fourth-quarter and full-year 2022 financial results, including: Fourth-quarter and full-year net income of $803 million and $127 million, or $1.14 per diluted share and $0.19 per diluted share, respectively. Excluding net special items1, fourth-quarter and full-year net income of $827 million and $328 million, or $1.17 per diluted share and $0.50 per diluted share, respectively. Record fourth-quarter revenue of $13.2 billion, which represents a 16.6% increase over the same period in 2019, despite flying 6.1% less capacity. Ended the year with $12 billion of total available liquidity, after prepaying a $1.2 billion term loan during the fourth quarter. Company continues to execute on its plan to pay down $15 billion of [...]