American Airlines posted a fourth-quarter loss of $931 million. [Courtesy: American Airlines]
Key Takeaways:
American Airlines reported fourth-quarter revenue of $9.4 billion, its highest during the pandemic, but still down 17% from 2019, while posting a $931 million Q4 loss and a $2 billion full-year loss.
Outgoing CEO Doug Parker will be succeeded by current President Robert Isom, who has outlined a focus on returning to profitability, ensuring reliability, and deleveraging the balance sheet.
The airline anticipates Q1 capacity and revenue will remain significantly below 2019 levels due to new COVID-19 variants, Boeing 787 delivery delays impacting international routes, and ongoing staffing challenges.
American Airlines reported fourth-quarter revenue of $9.4 billion on Thursday. Even though that number represents a 17 percent drop from the same period in 2019—the last normal year of travel—it was the highest revenue the airline has achieved throughout the pandemic.
The airline says this is a signal that people want to travel—even with the onslaught of the new omicron variant.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
