American Airlines Group Inc

NASDAQ:AAL   3:59:59 PM EDT
21.46
+0.07 (+0.33%)
Other Pre-Announcement

American Airlines Says July 2021 Financial Results Better Than Previously Estimated Due Primarily To Strong Leisure Passenger Traffic, Improving Passenger Yields

Published: 09/09/2021 11:29 GMT
American Airlines Group Inc (AAL) - American Airlines - July 2021 Financial Results Better Than Previously Estimated Due Primarily to Strong Leisure Passenger Traffic, Improving Passenger Yields.
American Airlines - As Such, the Company Was Profitable Excluding Net Special Items in July.
American Airlines - Experienced Softness in August in Close-in Bookings and an Increase in Close-in Cancellations.
American Airlines - August Revenues Were Weaker Than Company Had Forecasted When It Provided Its Guidance on July 22.
American Airlines - Now Expects Q3 Revenue to Be Down About 24%-28% Versus Q3 2019 Versus Previous Guidance of Down About 20%.
American Airlines - Change in Q3 Pre-tax Margin Guidance is Primarily Due to Lower Revenue Due to Softness in Demand and Slightly Lower Flown Capacity.
American Airlines - Continues to Expect Sequential Improvement in Both Revenue and Pre-tax Loss Before Special Items for Q3.
American Airlines - Now Expects Q3 Pre-tax Margin Excluding Net Special Items Will Be Between Negative 10% & Negative 14% Versus Previous Guidance.
American Airlines - Expects Reported Q3 Results Will Be Best Quarter As Measured by Revenue, Pre-tax Loss Before Special Items, Since Pandemic Began.
American Airlines - Booked Load Factor for Peak Travel Periods, Including Fourth-quarter Holiday Periods, Remains Very Strong.