- American Air’s 1Q operating revenue was around $12.57 billion, increasing 3.1% year over year, meeting close to the estimated $12.59 billion.
- The passenger revenue experienced a slight increase with $11.46 billion, +3.2% y/y, just below the estimate of $11.47 billion.
- There was an adjusted loss per share of 34c in contrast to the 5.0c earnings per share y/y. The estimated loss per share was 29c.
- The adjusted net loss showed $226 million against a profit of $33 million y/y. This was slightly more than the estimated loss of $195.3 million.
- Available seat miles increased by 8.5% y/y to 70.52 billion, exceeding the estimation of 70.02 billion.
- Revenue passenger miles were 57.47 billion, a 10% y/y increase with estimations having been around 56.62 billion.
- The load factor of seats increased to 81.5% from 80% y/y, this is above the estimation of 80.8%.
- Passenger yield decreased -6.6% y/y to +19.94c.
- Cost per available seat mile decreased by -1.4% y/y to 17.82c.
- The CASM excluding fuel increased by 2.4% y/y to 13.49c.
- PRASM decreased by about -4.9% y/y to 16.25c.
- Total aircraft at the end of the period were 1,517, up 3.6% from the previous year.
- The forecast for the second quarter shows adjusted EPS between $1.15 and $1.45, close to the estimate of $1.16.
- The projected adjusted earnings per share for Q2 2024 is between $1.15 and $1.45, following current demand trends and fuel price forecasts, excluding the impact of special items.
A look at American Airlines Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
American Airlines Group Inc. is positioned favorably for long-term growth, based on its Smartkarma Smart Scores. With a strong emphasis on Growth and Resilience, the company shows promise in expanding its operations and weathering market fluctuations effectively. The high score in Resilience indicates that American Airlines is well-prepared to withstand economic uncertainties and disruptions in the industry, highlighting its stability and adaptability.
While the company may not be currently valued as high, the positive scores in Growth and Momentum suggest potential for future increases in value and market performance. Additionally, the modest Dividend score indicates a commitment to shareholder returns, albeit not as high as other factors. American Airlines Group‘s strategic focus on growth and resilience positions it well for long-term success in the competitive airline industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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