NASDAQ$AAL

American Airlines Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

American Airlines reported first quarter 2022 financial results, showing progress in revenue recovery and profitability.

American Airlines reported a first-quarter 2022 revenue of $8.9 billion, representing 84% recovery of 2019 levels. The company experienced a net loss of $1.6 billion, or ($2.52) per share, but excluding special items, the net loss was $1.5 billion, or ($2.32) per share. American Airlines ended the quarter with $15.5 billion in liquidity and is on track to reduce debt by $15 billion by the end of 2025.

  • First-quarter revenue reached $8.9 billion, 84% of comparable 2019 revenue.
  • Net loss was $1.6 billion, or ($2.52) per share; excluding special items, net loss was $1.5 billion, or ($2.32) per share.
  • The company was profitable in March, excluding special items, and anticipates profitability in the second quarter.
  • Ended the first quarter with $15.5 billion in total available liquidity.

Headline financials

Total Revenue

$8.9B

Previous: $4.01B+122.0%
EPS (adj)

-$2.32

Previous: -$4.32+46.3%
Yield

$17.65

Previous: $14.15+24.7%
Passenger Revenue per ASM

$13.13

Previous: $8.42+55.9%
Total Revenue per ASM

$14.95

Previous: $10.61+40.9%
Avg. Fuel Price per Gallon

$2.80

Previous: $1.70+64.7%
Fuel Consumption (gallons)

894.0M

Previous: 608.0M+47.0%
Cost per ASM

$17.84

Previous: $14.09+26.6%
Aircraft at End of Period

1.5K

Previous: 1.4K+3.9%
Capital Expenditures

-$62M

No prior period
Free Cash Flow

-$1.7B

Previous: -$1.25B-35.8%
Net Income

-$1.64B

Previous: -$1.25B-30.8%
Operating Income

-$1.72B

Previous: -$1.32B-31.0%
Gross Profit

-$3.53B

Previous: -$1.96B-80.7%
Cash & Equivalents

$376M

Previous: $277M+35.7%
Total Assets

$67.4B

Previous: $68.6B-1.8%

Revenue & EPS history

American Airlines · Revenue · Quarterly

$8.9B

Q1 2022+122%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

American Airlines · $8.9B total across 3 segments · Q1 2022

  • Passenger
    $7.82B+145.9%
  • Other
    $717M+39.5%
  • Cargo
    $364M+15.6%

Forward guidance

American Airlines expects its second-quarter capacity to be approximately 92% to 94% of what it was in the second quarter of 2019. American expects its second-quarter total revenue to be 6% to 8% higher than the second quarter of 2019.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+0.7%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+10.5%

Q4 2018

Best reaction

-15.8%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%+1.2%+20.3%
Q4 2025-6.6%-8.7%-4.3%
Q3 2025+3.8%+5.1%+6.5%
Q2 2025-2.2%+0.8%-1.5%
Q1 2025+3.1%+6.2%+20.1%
Q4 2024-8.7%-8.1%-18.4%
Q3 2024+2.5%+7.7%+12.1%
Q2 2024+4.4%+5.8%+2.2%
Q1 2024-0.3%-2.9%-0.6%
Q4 2023+8.6%+4.3%+8.6%
Q3 2023-2.5%-1.3%+8.2%
Q2 2023-6.3%-10.5%-19.1%
Q1 2023+7.1%+8.1%+12.6%
Q4 2022+1.0%-0.7%-4.3%
Q3 2022-2.0%+2.1%+0.4%
Q2 2022-10.1%-11.7%-6.8%
Q1 2022+3.6%-3.6%-16.5%
Q4 2021-5.8%-1.6%-0.4%
Q3 2021-1.9%-0.7%-1.2%
Q2 2021-0.9%+0.3%-13.6%
Q1 2021+0.5%+3.6%+7.4%
Q4 2020+3.7%+0.2%+26.4%
Q3 2020-1.1%-11.9%-1.7%
Q2 2020+0.3%+3.6%+7.0%
Q1 2020-15.8%-24.7%-16.9%
Q4 2019+1.2%-1.5%+1.8%
Q3 2019+9.1%+9.3%+1.4%
Q2 2019-9.7%-11.2%-26.5%
Q1 2019+1.1%+1.5%-12.7%
Q4 2018+10.5%+14.7%+12.1%
Q3 2018+7.0%+14.2%+25.1%
Q2 2018+3.9%+3.5%+1.6%
Q1 2018-4.1%-4.2%-0.8%
Q4 2017-3.1%-4.0%-2.6%
Q3 2017-6.8%-8.2%-4.8%
Q2 2017+0.9%+0.9%-9.5%
Q1 2017-8.1%-5.5%+5.0%
Q4 2016-9.5%-11.2%-6.7%
Q3 2016-1.8%-2.3%+13.9%
Q2 2016+2.4%+3.5%+4.4%
Q1 2016-7.5%
Q4 2015+3.3%
Q3 2015+1.0%
Q2 2015-5.8%
Q1 2015+0.8%
Q4 2014-8.7%
Q3 2014+7.5%
Q2 2014-3.8%
Q1 2014-2.9%
Q4 2013+9.3%
Q3 2013+3.2%
Q2 2013+2.3%
Q1 2013-1.8%
Q4 2012+9.3%
Q3 2012+2.8%
Q2 2012+1.7%
Q1 2012-1.6%
Q4 2011+1.1%
Q3 2011-0.2%
Q2 2011-1.6%
Q1 2010-1.5%
Q1 2011-2.1%
Q4 2008-1.6%
Q4 2010-1.6%
Q3 2009+6.5%
Q3 2010+6.5%
Q2 2009+10.4%
Q2 2010+10.4%
Q4 2009+10.4%

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