NASDAQ$AAL

American Airlines Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a net profit and focused on strengthening its business through strategic objectives.

American Airlines reported a second-quarter net profit of $19 million, with revenue up 87% sequentially from the first quarter of 2021. The company ended the quarter with a record $21.3 billion in total available liquidity and accelerated its deleveraging process.

  • Reported second-quarter net profit of $19 million, or $0.03 per diluted share.
  • Second-quarter revenue of $7.5 billion, up 87% sequentially from the first quarter of 2021.
  • Ended the second quarter with approximately $21.3 billion of total available liquidity, a record for the Company.
  • Accelerated the deleveraging process with prepayment of $950 million spare parts term loan.

Headline financials

Total Revenue

$7.48B

Previous: $1.62B+361.0%
EPS (adj)

-$1.69

Previous: -$7.82+78.4%
Yield

$15.57

Previous: $15.32+1.6%
Passenger Revenue per ASM

$12.00

No prior period
Total Revenue per ASM

$13.71

Previous: $9.50+44.3%
Avg. Fuel Price per Gallon

$1.91

Previous: $1.13+69.0%
Fuel Consumption (gallons)

844.0M

Previous: 275+306908990.9%
Free Cash Flow

$19M

Previous: -$2.07B+100.9%
Net Income

$19M

Previous: -$2.07B+100.9%
Operating Income

$441M

Previous: -$2.49B+117.7%
Gross Profit

-$2.65B

Previous: -$866M-206.4%
Cash & Equivalents

$325M

Previous: $462M-29.7%
Total Assets

$72.5B

Previous: $64.5B+12.3%

Revenue & EPS history

American Airlines · Revenue · Quarterly

$7.48B

Q2 2021+361%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

American Airlines · $13.5B total across 3 segments · Q3 2023

  • Passenger
    $12.4B+0.2%
  • Other
    $868M+10.3%
  • Cargo
    $193M-30.8%

Forward guidance

American Airlines expects its third-quarter capacity to be down approximately 15% to 20% compared to the third quarter of 2019. American expects its third-quarter total revenue to be down approximately 20% versus the third quarter of 2019. The Company also expects its third quarter pre-tax margin excluding net special items will be between negative 3% and negative 7%.

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 Q2 2021

Historical avgQ2 2021

+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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