NASDAQ$AAL
American Airlines Group Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported the best quarter since the pandemic began, measured by pre-tax financial results.
American Airlines reported a third-quarter net profit of $169 million, or $0.25 per diluted share. Excluding net special items, the third-quarter net loss was $641 million, or ($0.99) per share. Third-quarter revenue reached $9.0 billion, up 20% sequentially from the second quarter of 2021. The company ended the quarter with approximately $18 billion of total available liquidity.
- Third-quarter net profit of $169 million, or $0.25 per diluted share. Excluding net special items1, third-quarter net loss of $641 million, or ($0.99) per share.
- Third-quarter revenue of $9.0 billion, up 20% sequentially from the second quarter of 2021.
- Ended the third quarter with approximately $18 billion of total available liquidity, after prepayment of $950 million spare parts term loan during the quarter.
- Company continues to expect robust demand during peak travel periods in the fourth quarter, with more than 6,000 peak day departures.
Headline financials
Revenue & EPS history
American Airlines · Revenue · Quarterly
$8.97B
Revenue by segment
American Airlines · $8.97B total across 3 segments · Q3 2021
- Passenger$7.96B+213.3%88.7%
- Other$680M+59.6%7.6%
- Cargo$332M+60.4%3.7%
Forward guidance
American expects its fourth-quarter capacity to be down approximately 11% to 13% compared to the fourth quarter of 2019. American expects its fourth-quarter total revenue to be down approximately 20% versus the fourth quarter of 2019. The Company also expects its fourth quarter pre-tax margin excluding net special items will be between negative 16% and negative 18%.
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 Q3 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
| Quarter | Report date | Reaction (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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