American Airlines Group Inc
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
AAL$14.11-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share and per share amounts)(Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating revenues: | ||||
| Passenger | $13,202 | $12,978 | $24,661 | $24,081 |
| Cargo | 195 | 197 | 382 | 420 |
| Other | 937 | 880 | 1,861 | 1,743 |
| Total operating revenues | 14,334 | 14,055 | 26,904 | 26,244 |
| Operating expenses: | ||||
| Aircraft fuel and related taxes | 3,061 | 2,723 | 6,042 | 5,890 |
| Salaries, wages and benefits | 3,953 | 3,635 | 7,820 | 6,917 |
| Regional expenses | 1,268 | 1,153 | 2,469 | 2,295 |
| Maintenance, materials and repairs | 950 | 808 | 1,834 | 1,520 |
| Other rent and landing fees | 834 | 762 | 1,653 | 1,470 |
| Aircraft rent | 314 | 344 | 642 | 688 |
| Selling expenses | 456 | 489 | 864 | 927 |
| Depreciation and amortization | 474 | 483 | 944 | 969 |
| Special items, net | — | — | 70 | 13 |
| Other | 1,640 | 1,495 | 3,175 | 2,955 |
| Total operating expenses | 12,950 | 11,892 | 25,513 | 23,644 |
| Operating income | 1,384 | 2,163 | 1,391 | 2,600 |
| Nonoperating income (expense): | ||||
| Interest income | 128 | 162 | 246 | 288 |
| Interest expense, net | (486) | (548) | (984) | (1,088) |
| Other income (expense), net | 2 | (14) | (38) | (21) |
| Total nonoperating expense, net | (356) | (400) | (776) | (821) |
| Income before income taxes | 1,028 | 1,763 | 615 | 1,779 |
| Income tax provision | 311 | 425 | 210 | 431 |
| Net income | $717 | $1,338 | $405 | $1,348 |
| Earnings per common share: | ||||
| Basic | $1.09 | $2.05 | $0.62 | $2.06 |
| Diluted | $1.01 | $1.88 | $0.59 | $1.91 |
| Weighted average shares outstanding (in thousands): | ||||
| Basic | 656,965 | 653,602 | 656,406 | 652,801 |
| Diluted | 720,302 | 719,345 | 720,712 | 718,890 |
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